Sentences with phrase «lower maximum contribution»

Simple IRA's have relatively low administrative fees, but also have lower maximum contribution limits.

The $ 55,000 limit is impressive compared to other types of retirement plans, as well, which have much lower maximum contribution limits.

Not exact matches

In the mayor's version, he would appoint the panel and it would have a narrow mandate, limited to charter changes aimed at improving the city's campaign finance system — including lowering the maximum levels of campaign contributions to candidates — and encouraging voter participation in elections.

† Your personal contribution limit may be lower than Internal Revenue Code maximums.

Conservatives: Eliminate the income threshold used to assess the Canada Student Loans Program, so that students who work and earn money while studying won't be denied access to the program for that reason; reduce the expected parental contribution amount to increase loan accessibility to approximately 92,000 students across Canada; expand the number of low - and middle - income students who are eligible for the Canada Student Grant program by making these grants applicable to short - term, vocational programs; increase the maximum annual grant for low - and middle - income families from $ 3,500 to $ 4,000.

Runchey says some of the larger discrepancies occur where the Service Canada estimates assume that you continue to make maximum contributions but instead you retire, stop contributing, defer on CPP benefits and have also used up all your standard low - income «drop - out» years.

The maximum contribution to IRA accounts are are limited to $ 5,000 ($ 6,000 for people over the age of 50) or total annual income, whichever is lower.

If your contribution doesn't lower your taxable income, will you contribute as much, or even the maximum?

Beginning with the new year, public service pension plan contributions recommence at the low rate, until such time as they reach the maximum level of the contributions for the low rate.

At the beginning of the year 2013, the lowest rate of the two possible rates of contribution to the public service pension plan is used until the maximum level of contribution for that rate is reached.

If you are a low or middle - income earner and make personal (after - tax) super contributions to your super fund, the government also makes a contribution (called a co-contribution) up to a maximum amount of $ 500.

Once the contributions reach the maximum public service pension plan low level, the contributions will increase from 5.2 % to 8.4 %.

The Quebec grant offers a maximum annual amount of $ 250 (with an additional $ 50 for middle - income and low - income families) and a maximum lifetime grant of $ 3,600 — or 50 % of the CESG — and is payable for any RESP contribution made since February 21, 2007.»

If you want to supplement the pre-tax contributions you are already making, then you can bump up your contribution for the year to a maximum of $ 49,000 or all of your income (whichever is lower).

A traditional IRA has an annual maximum contribution of $ 5,500; a Roth IRA also has a maximum contribution $ 5,500 (though there's a sliding scale); but the SEP maxes out at $ 54,000 per year, or 25 % of your income, whichever is lower.

The upshot: Unless you're willing to make the maximum contribution to a Roth IRA or 401 (k) or amount approaching that limit, dropping into a lower tax bracket in retirement could do away with much, if not all, of the expected advantage of going with a Roth.

Also, the IRS permits plans to impose lower contribution limits than the IRS maximums.

Aim to replace 15 percent of an individual's earnings up to a maximum annual earnings threshold (contributions would not be required below a low - earnings threshold in order to reduce the impact on lower - income workers)