tax-deferred
adjective
TAX ukusused to describe a situation in which you pay tax for something at a later date than usual:
With this plan, your contributions are tax-deferred, so that your savings grow faster than they would if some of the earnings went to pay taxes.
The money can accumulate on a tax-deferred basis for years until needed.
a tax-deferred account/arrangement/plan
a tax-deferred investment/contribution
tax-deferred
adverb
With the 529 savings plans, the money grows tax-deferred.