HomeDefinitionsCompareDebt Tax sheltered annuityThe financial definition for 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-sheltered retirement plan. Employers are also allowed to make direct contributions on behalf of employees. Click to compare definitions of Tax sheltered annuity Click to view definitions beginning ta |