Periodic payments

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Periodic payments

A series of payments from an annuity, qualified retirement plan, or 403(b)(7) account made over a certain term of years. A payment from an IRA, even if over a period of years, is not considered a periodic payment for tax purposes.

Periodic Payments

Payments that an account holder makes to a retirement plan each month or year over a period of time. Periodic payments are normally made over the course of one's working life in preparation for withdrawals after retirement. Periodic payments are common for many annuities as well as a variety of retirement options, including IRA, 401(k), and 403(b) plans.
References in periodicals archive ?
The periodic payment to the beneficiary may not exceed a specified percentage of the hypothetical periodic payment the participant would have received had he or she survived and elected to commence payments on the beneficiary's actual annuity starting date.
Distributions that are part of a qualified series of substantially equal periodic payments (SEPPs) made annually to the IRA owner are also exempt from the penalty.
With a 401(k) Contribution Loan, the employee borrower receives periodic payments from a lender to replenish the salary reduction that comes with participating in his or her 401(k) plan.
For potential early retirees, the substantially equal periodic payment exception may provide funding.
Any modification in payments before the participant reaches age 59 1/2, or within five years of the date of the first payment (even if the participant has reached age 59 1/2), other than because of the participant's death or disability, voids the periodic payment exception.
- the frequency of the periodic payment: the state of bathing water is assessed annually on the basis of a report drawn up by the Member State and communicated to the Commission.
In addition, this ruling provides guidance on what constitutes a reasonable interest rate to determine payments which satisfy the substantially equal periodic payment requirement.
The Sukuk has a maturity span of seven years with a put option on year three with zero periodic payment.
Annuity--An annuity is a contract between an insurance company and an individual that generally guarantees lifetime income to the individual whose life the contract is based upon in return for either a lump sum or periodic payment to the insurance company.
The transaction calls for Verizon to purchase a group annuity contract from Prudential to satisfy periodic payment obligations to Verizon retirees under the plan; and for Prudential to assume responsibility for the payments.
* Form 656-PPV, Periodic Payment Voucher, a removable form designed to be used to remit the required TIPRA payments to the IRS while the offer is under investigation; and