Sentences with phrase «allows lump sum contributions»

If your plan allows lump sum contributions, you can make a contribution online or send us a cheque.

Not exact matches

The flexibility of myRA allows them change their contributions based on their current budgets, which means they can contribute lump sums to their accounts, or deposit money on a monthly basis.

It emerged last night that ministers have dropped plans to allow women who have taken time out of work to top - up their national insurance (NI) contributions with lump - sum payments.

Good government groups see the pension forfeiture measure as a token reform and have pressed for the closing of the «LLC loophole» that allows businesses to create multiple limited liability companies to donate virtually unlimited amounts of campaign cash; public financing of candidate campaigns; the end of lump sum appropriations in the budget; limits on political contributions by companies with business before the state; limits on legislators» outside income; and a renovation of Albany's ethics watchdog, the Joint Commission on Public Ethics (JCOPE).

However, a special rule allows you to make a lump - sum contribution and spread it over five years for gift tax purposes.

This election allows you to make a lump - sum contribution up to five times the annual exclusion amount of $ 75,000 per beneficiary in one year and elect to treat the contribution as if it was made ratably over five years avoiding federal gift tax liability, as long as you make no other gifts to the same beneficiary for the next five years.

Also it's my understanding the contribution rules changed to allow making lump sum payments in 2007 so I should get the grant for a bit of missed time and also going forward, right?

529 college savings plans also allow for larger lump sum contributions using 5 - year gift tax averaging.

He says borrowers are less likely to make extra payments if they are only allowed to make a single lump - sum contribution on an anniversary date.

Defined contribution plans usually allow lump - sum benefit payments to alternate payees, but some also provide for a stream of payments over the payee's lifetime after retirement.

Recently passed legislation allows for lump sum contributions by account holders up to the listed yearly maximums.

Single premium immediate annuities allow you to set up an immediate, steady income stream with a one - time, lump - sum contribution that can last as long as you live.

A single premium deferred annuity allows for a single, lump - sum contribution.