Definition: TEE system

Living conditions

A form of taxation of pension plans whereby contributions are taxed, investment income and capital gains of the pension fund are exempt and benefits are also exempt from personal income taxation.
Source:
Organisation for Economic Co-operation and Development (OECD)/Organisation de coopération et de développement économiques (OCDE), OECD Glossaries/Glossaires de l'OCDE, Private pensions - OECD classification and glossary; Les pensions privées - Classification et glossaire de l'OCDE, Paris, 2005
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