Self-employed or own a small business? Help yourself or your employees save for retirement with tax advantages1.
Key Features
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Tax Advantages1
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Flexible Contributions
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Boost Employee Morale
Details
Self-employed individuals and small business owners can utilize a Simplified Employee Pension (SEP) plan to gain tax advantages while saving for retirement.
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- Available to any size business, including self-employed individuals
- Business owners can contribute to own their own retirement as well as their employees’
- Contributions are tax deductible1
- Flexible annual contribution by employers (percentage chosen is not locked)
- Withdrawals can begin at age 59½
- Early withdrawals subject to penalty3
- Mandatory withdrawals at age 73
- Visit the IRS.gov website for more information on SEP IRAs
1 Please consult a qualified tax professional as certain exceptions may apply. For more information please visit irs.gov.