Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are excess contributions?

contributions excess
0
Posted

What are excess contributions?

0

At termination or retirement, if your contributions to the Plan plus interest are greater than 50% of the value of your pension, the difference will be refunded to you in cash less applicable withholding taxes. Further information is available here.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123