Pay as you go and Payable through draft: Difference between pages

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(PAYG).
(PTD).  


1. ''Pensions.''
A draft that is only payable via a nominated bank.  


A pension arrangement under which benefits are paid out of revenues and no funding is set aside to meet future liabilities.
Depending on the conditions attached to the draft, the nominated bank may be the paying bank or only act as the collecting bank that presents the draft for payment.
 
 
2. ''Australia - tax.''
 
The Australian equivalent of the UK PAYE tax administration system.
 
 
3.
 
Any other arrangement in which payments are made from time to time as required.




== See also ==
== See also ==
* [[Australia]]
* [[Draft]]
* [[Pay as you earn]] (PAYE)
* [[Unfunded]]
* [[Unfunded scheme]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 14:02, 21 August 2013

(PTD).

A draft that is only payable via a nominated bank.

Depending on the conditions attached to the draft, the nominated bank may be the paying bank or only act as the collecting bank that presents the draft for payment.


See also

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