Simple IRA

• Salary deferral limit of $10,500.
• Individual compensation limit of $225,000 for non-elective contributions.
• Individuals age 50 and over can make catch-up contributions.

Tax Year Deferral Limit Catch-up Contributions for age 50 + Total Deferral Limit for age 50 + 2008 $10,500 $2,500 $13,000