After-tax contributions may also be called voluntary contributions. They consist of any money you deposit in a retirement account or annuity after you have paid state and federal taxes on it.
After-tax contributions A contribution to an employer-sponsored retirement plan or IRA with money that has already been taxed. Not all employer-sponsored retirement plans allow this type of contribution.
after-tax contributions Any kind of Contributions to a retirement plan which are subject to federal income tax. Also known as voluntary contributions. aftermarket Also known as 'secondary market.
When you eventually withdraw from your account, the after-tax contributions are not taxed again. Neither are the earnings if you follow the withdrawal rules for these accounts.
For 2009/10, if a person earns less than $61,920 and is eligible for the scheme, the Government will contribute up to $1.00 for each dollar of personal after-tax contributions made up to a maximum of $1,000.
It can alternatively be rolled into a qualifying traditional IRA, which would consist solely of after-tax contributions For some individuals, a process known as Roth IRA conversion is feasible; however, ...
It is a type of IRA available in 1998 that allows for after-tax contributions up to the lesser of $2,000 or 100% of earned income.
 See also: Retirement, Contributions, Contribution, Offer, Stock
  
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