What is TAX DEFERRED SAVINGS?

Income that is taxable and deposited in an approved scheme of savings where the tax is postponed until maturity or any funds are drawn from it.

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Related Legal Terms
SAVINGS CERTIFICATE, TAX DEFERRED ANNUITY, SAVINGS SCHEME, TAX DEFERRED INCOME, DEFERRED INCOME TAX LIABILITY, DEFERRED, DEFERRED DISTRIBUTION, DEFERRED DIVIDEND SHARES, SAVINGS ACCOUNT LOAN, DEFERRED PAYMENT AMERICAN OPTION


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