tax shelter ˈtax ˌshelter noun [countable] TAX ACCOUNTING
a plan or arrangement that allows you to legally avoid paying tax:

• Many investors used annuities as a tax shelter rather than as a retirement savings program.

— tax-sheltered adjective :

• taxpayers with significant tax-sheltered income

* * *

tax shelter UK US noun [C] TAX, FINANCE
a way of investing or spending money that allows a person or a company to avoid tax or to pay less tax than they would normally: »

Some high-earners managed to avoid income tax by moving their income into various tax shelters.


The profession has moved into the aggressive selling of tax shelters.

tax-sheltered adjective

Make full use of any tax-sheltered retirement accounts offered by your company.

Financial and business terms. 2012.

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Look at other dictionaries:

  • tax-sheltered — adjective see tax shelter * * * taxˈ sheltered adjective 1. Of or produced by a tax shelter 2. Of or involving investments legally exempt from tax • • • Main Entry: ↑tax …   Useful english dictionary

  • Tax-Sheltered Annuity — A type of annuity that allows an employee to make contributions from his or her income into a retirement plan. The contributions are deducted from the employee s income and, as a result, the contributions and related benefits are not taxed until… …   Investment dictionary

  • tax-sheltered annuity — A type of retirement plan under Section 403( b) of the Internal Revenue Code that permits employees of public educational organizations or tax exempt organizations to make before tax contributions via a salary reduction agreement to a tax… …   Financial and business terms

  • tax-sheltered — adjective see tax shelter …   New Collegiate Dictionary

  • tax-sheltered — See tax shelter. * * * …   Universalium

  • tax-sheltered — adjective Describing money or other assets protected by a tax shelter …   Wiktionary

  • tax sheltered annuity — (TSA)  Insurance product that allows an investor avoid or reduce tax liabilities. Taxes are usually deferred until the end of a specified period of time …   American business jargon

  • IRS Publication 571: Tax-Sheltered Annuity Plans (403(b) Plans) For Employees of Public Schools And Certain Tax-Exempt Organizations — A document published by the Internal Revenue Service (IRS) that provides tax information for filers who have a 403(b) retirement plan. IRS Publication 571 indicates who can contribute to a 403(b) plan, the maximum contribution that can be made to …   Investment dictionary

  • tax shelter — tax sheltered, adj. any financial arrangement (as a certain kind of investment or allowance) that results in a reduction or elimination of taxes due. * * * …   Universalium

  • tax shelter — Legal methods taxpayers can use to reduce tax liabilities . An example is the use of depreciation of assets. Bloomberg Financial Dictionary * * * tax shelter ˈtax ˌshelter noun [countable] TAX ACCOUNTING a plan or arrangement that allows you to… …   Financial and business terms

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