Data:2009-12-12 2:34
Category: Insurance tips Release Date: 2006-08-01
401 î•¿K î•¿its name from the United States in 1978, "Internal Revenue Code" in (section401 î•¿K î•?terms. The United States a special kind of retirement savings plans, the reasons for its popularity, it can enjoy tax concessions. To participate in 401 (K) plans to pay an annual wage workers a share of the enterprise into a corresponding amount of funds, are included in employee's personal retirement accounts, businesses pay within the prescribed limits in the part of the cost could be included in pre-tax deduction, that is exempt from corporate income tax, workers pay can be deducted from current taxable income, in the pension when you pay personal income tax, namely, the enjoyment of deferred tax benefits. However, the businesses and employees can have an upper limit pre-tax cost of Utrecht in 2000, the maximum employee pre-tax amount is the fee charged to 10.5 thousand U.S. dollars, and not more than 25% of annual salary. Meanwhile, the tax law for the time been receiving pension stringent requirements, if the early retirement benefits will be in back personal income tax.
