Chapter 4
Simplified Employee Pension (SEP)Self-employed individuals, as well as other employers, can set upsimplified employee pension (SEP) plans. A SEP plan allows an employerto make contributions toward employees' retirement, and, ifself-employed, his or her own retirement, without becoming involved inmore complex retirement plans. A self-employed individual is an employee for SEP purposes. He orshe is also the employer. Even if the self-employed individual is theonly qualifying employee, he or she can have an IRA under a SEP plan(SEP-IRA). cheap hotel in EstorilThis chapter focuses on the rules affecting employees. Forinformation on the rules affecting employers, see Publication 560. | 
