tax shelter
noun [ C ]
TAX, FINANCE ukusa way of investing or spending money that allows a person or a company to avoid tax or to pay less tax than they would normally:
Some high-earners managed to avoid income tax by moving their income into various tax shelters.
The profession has moved into the aggressive selling of tax shelters.
tax-sheltered
adjective
Make full use of any tax-sheltered retirement accounts offered by your company.