Sentences with phrase «additional voluntary contributions»

Further exceptions to the application of PSA 2017 may be contained in the proposed regulations, and we understand that one exception should be for master trusts whose only DC benefits are in the form of additional voluntary contributions.

Some exceptions apply — for example, a scheme will not be a master trust where the only money purchase benefits it provides are additional voluntary contributions.

Additional voluntary contributions are made at the discretion of the employee and go to an employer sponsored pension plan.

Additional voluntary contributions allow employees to contribute more money to their tax - deferred savings account.

Additional voluntary contributions may vary in tax treatment depending on the type of plan, but if they are made into a tax - defered account, any returns accumulate tax - free until retirement.

He'd paid additional voluntary contributions into his occupational pension scheme so was able to get a pension equal to of one third of his salary.

In November 2015, the Ombudsman dismissed a complaint by a pensioner about the actions of the scheme administrator and trustees in seeking to recover overpaid pension and failing to put one of his additional voluntary contribution (AVC) funds into payment on time.

Not exact matches

Work and pensions secretary James Purnell proposed an amendment to the pensions bill which will allow people to buy up to an additional six years of voluntary national insurance contributions, over and above those permitted under the current time limits, in order to enjoy a higher state pension.

State Pensions A scheme is to be introduced to allow current pensioners, and those who reach State Pension age before the introduction of the new single tier pension in April 2016, an option to top up their Additional State Pension record through a new class of voluntary National Insurance contributions, to be known as Class 3A.

ECMC's contention — that Conniff could create additional disposable income from which she could repay her loan is correct — but only to the extent of her $ 220 per month voluntary pension plan contribution.»

Any money that remains can be returned to you or used to purchase additional annuity under the voluntary contribution provisions of law.

«CFIB members do support allowing voluntary additional contributions to the CPP / QPP for Canadians who do favour it as a retirement savings vehicle.»

You can use the refund to purchase additional annuity, as if the contributions and interest are voluntary contributions.