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Glossary > Q > "Qualified plan" Definition

Qualified plan

A tax deferred pension plan set up by an employer to enable employees to accumulate tax free savings for retirement benefits. Usually, contributions are made by employer and employee and when income is taken at retirement it is taxable.

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Qualified plan - A tax deferred pension plan set up by an employer to enable employees to accumulate tax free savings for retirement benefits. Usually, contributions are made by employer and employee and when income is taken at retirement it is taxable.

Qualified plan : a tax deferred pension plan set up by an employer to enable employees to accumulate tax free savings for retirement benefits. usually, contributions are made by employer and employee and when income is taken at retirement it is taxable.