penalty tax — A federal tax that can be applied if a plan holder does not meet certain requirements when making withdrawals from a tax advantaged retirement plan (for instance, if the plan holder has not reached age 59 1/2). This penalty tax is owed in… … Financial and business terms
529 plan — A 529 plan is a tax advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary. Overview 529 plans are named after section 529 of the Internal Revenue Code … Wikipedia
S-Plan — The S Plan or Sabotage Campaign or England Campaign was a campaign of bombing and sabotage against the civil, economic, and military infrastructure of Britain from 1939 to 1940. The campaign was conducted by members of the Irish Republican Army… … Wikipedia
Death penalty (NCAA) — The death penalty is the popular term for the National Collegiate Athletic Association (NCAA) s power to ban a school from competing in a sport for at least one year. It is the harshest penalty that an NCAA member school can receive. It has been… … Wikipedia
401(k) plan — / fōr ˌō ˌwən kā / n [after the section of the Internal Revenue Code that established it]: a retirement savings plan under which an employee may elect to have pretax contributions from his or her wages or salary deferred to a trust for investment … Law dictionary
Marriage penalty — Part of a series on Taxation Taxation in the United States … Wikipedia
surrender penalty — ➔ penalty * * * surrender penalty UK US noun [C] (also surrender charge) ► INSURANCE a charge made by an insurance company for ending an insurance policy early, before its original end date: »The company will levy a surrender penalty, which is 3% … Financial and business terms
457 plan — The 457 plan is a type of tax advantaged defined contribution retirement plan that is available for governmental and certain non governmental employers in the United States. The employer provides the plan and the employee defers compensation into … Wikipedia
Defined contribution plan — See also: Defined benefit plan In economics, a defined contribution plan is a type of retirement plan in which the amount of the employer s annual contribution is specified.[1] Individual accounts are set up for participants and benefits are… … Wikipedia
Registered Retirement Savings Plan — A Registered Retirement Savings Plan or RRSP is an account that provides tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from income taxes.RRSPs … Wikipedia
National Human Rights Action Plan — The National Human Rights Action Plan of the People s Republic of China is the first ever document published by the Information Office of the State Council to promise Chinese citizens more legal protection, better livelihoods and greater… … Wikipedia