Definition of «to pay into»

The phrase "pay into" means to contribute money or other resources into a fund, account, or system. It is often used in reference to making regular contributions towards something such as a pension plan, insurance policy, or savings account. The term can also be used more broadly to describe any action that involves putting funds into an organization, cause, or project.

Sentences with «to pay into»

  • We also mentioned that no taxable income (or capital gain) is realized for amounts that do not exceed the total amount of premiums paid into the policy. (insuranceandestates.com)
  • Any amount of money received that exceeds the total amount of money paid into the policy is considered a gain in the policy and subject to ordinary income tax. (pocketsense.com)
  • If you live beyond the length of the term, the policy expires and you get nothing for your years of paying into it. (ratesupermarket.ca)
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