SEP-IRA Calculator
Our calculator will assist in determining your maximum allowable contribution for a Simplified Employee Pension Plan (SEP) IRA.
This illustration is an estimate that should only be used for informational purposes. The addition of any eligible employees can significantly alter these estimates. The exact contribution should only be determined by the company's tax or legal adviser.
Note: A SEP IRA can be established for a year as late as the due date (including extensions) of your business income tax return for the year you want to establish the plan.
Contributions an employer can make to an employee's SEP-IRA cannot exceed the lesser of: 25% of employees compensation or $69,000 for 2024 ($66,000 for 2023).
The use of the calculators is provided for general educational purposes only and is not meant as legal, tax, financial, or investment advice. Lord Abbett does not provide legal, tax, or investment advice. The tax and financial information contained herein is general in nature, is provided for informational purposes only, is not individualized, and is not intended to serve as the primary or sole basis for your investment or tax-planning decisions. Lord Abbett cannot guarantee that such information is accurate, complete, or timely. Laws of a particular state or laws that may be applicable to a particular situation may have an impact on the applicability, accuracy, or completeness of such information. Federal and state laws and regulations are complex and are subject to change. Changes in such laws and regulations may have a material impact on pre- and/or after-tax investment results. The results of these calculations are estimates based solely on user input and the assumptions of the calculator program. All examples are hypothetical and intended for illustrative purposes only. Lord Abbett makes no warranties with regard to such information or results obtained by its use. Lord Abbett disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Investment results do not represent the future performance of any Lord Abbett funds. You should consult with your legal or tax advisor before making any investment decision.
The information provided is not directed at any investor or category of investors and is provided solely as general information about Lord Abbetts products and services and to otherwise provide general investment education. None of the information provided should be regarded as a suggestion to engage in or refrain from any investment-related course of action as neither Lord Abbett nor its affiliates are undertaking to provide impartial investment advice, act as an impartial adviser, or give advice in a fiduciary capacity. If you are an individual retirement investor, contact your financial advisor or other fiduciary about whether any given investment idea, strategy, product or service may be appropriate for your circumstances.
