Expenditure on lifelong learning Sample Clauses

Expenditure on lifelong learning. It is often the case that public funding responds to policy shifts and anticipated economic and social changes. It is also reasonable to assume that any increase in expenditure on the lifelong learning sector might require (or indeed enable) an expansion in the overall size of the workforce. Public sector investment in recent years has undoubtedly been a significant driver of continued growth in education as a whole, including in the lifelong learning sector. However, it is important also to note the increasing policy emphasis on investment in lifelong learning from sources other than public expenditure. For example, in England, the XX Xxxxx Paper ‘Further education: raising skills, improving life chances’ (DfES, 2006c) confirmed the government’s commitment to extending demand-led funding for the majority of FE and WBL provision (mainly from employers) within a decade. Moreover, in England, the introduction of variable tuition fees from 2006 (with increased levels of financial support for those most needing it), as a result of the Higher Education Act (HMSO, 2004), is anticipated to provide additional resources to enable higher levels of participation in HE. As a result, the FE, WBL and HE constituencies, in particular, In the UK, education (including lifelong learning) remains the second largest area of public expenditure after health, with a 5.5% share of total GDP in 2004/05. (HM Treasury, 2005c, p.45) (and especially in England) will require staff with the skills needed to secure and sustain funding from a diverse range of sources in the future. Nevertheless, in the UK, education (including lifelong learning) remains the second largest area of public expenditure after health, with a 5.5% share of total GDP in 2004/05 (HM Treasury, 2005c, p.45). It is projected to remain relatively stable over coming decades which “reflects the fact that the number of people of education age (either in schools, higher education or further education) is projected to vary only slightly” (ibid., p.44). However, growth in levels of public expenditure is expected to vary across the different phases of education. A recent report by the House of Commons Education and Skills Committee (2006) commented on the fact that, while spending on schools in England since 1998/99 has increased in real terms by 50% and spending on FE has increased by 56%, HE expenditure has only increased by 18% over the same period. The Committee expressed concern about the apparent shift in government pr...
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Expenditure on lifelong learning. ‌ It is often the case that public funding responds to policy shifts and anticipated economic and social changes. It is also reasonable to assume that any increase in expenditure on the lifelong learning sector might require (or indeed enable) an expansion in the overall size of the workforce, although, in Northern Ireland, additional employment resulting from increased funding in FE may be offset by the move to reduce the number of agencies and institutions responsible for delivery. Nevertheless public sector investment in recent years has undoubtedly been a significant driver of continued growth in education as a whole, including in the lifelong learning sector. However, it is important also to note the increasing policy emphasis on investment in lifelong learning from sources other than public expenditure. The FE, WBL and HE constituencies, in particular, will require staff with the skills needed to secure and sustain funding from a diverse range of sources in the future. Nevertheless, in the UK, education (including lifelong learning) remains the second largest area of public expenditure after health, with a 5.5% share of total GDP in 2004/05 (HM Treasury, 2005c, p.45). It is projected to remain relatively stable over coming decades which “reflects the fact that the number of people of education age (either in schools, higher education or In the UK, education (including lifelong learning) remains the second largest area of public expenditure after health, with a 5.5% share of total GDP in 2004/05. (HM Treasury, 2005c, p.45) further education) is projected to vary only slightly” (ibid., p.44). According to the latest annual report for Northern Ireland (DELNI, 2005), departmental expenditure for 2005 increased by almost £60 million compared to the previous financial year. Lifelong learning accounted for a third of this increase during this time period. There has been close to a 3% increase in funding for

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  • How Much May I Contribute to a Xxxx XXX As a result of the Economic Growth and Tax Relief Reconciliation Act (“EGTRRA”) of 2001, the maximum dollar amount of annual contributions you may make to a Xxxx XXX is $5,500 for tax years beginning in 2013 with the potential for Cost-of-Living Adjustment (COLA) increases in $500 increments. However, these amounts are phased out or eliminated entirely if your adjusted gross income is over a certain level, as explained in more detail below. Year 2020 2021 Xxxx XXX Contribution Limit $6,000 $6,000 You may make annual contributions to a Xxxx XXX in any amount up to 100% of your compensation for the year or the maximum contribution limits shown in the table above, whichever is less. The limitation is reduced by any contributions made by you or on your behalf to any other individual retirement plan (such as a Traditional IRA) except SEP IRAs and SIMPLE IRAs. Your annual contribution limitation is not reduced by contributions you make to a Xxxxxxxxx Education Savings Account that covers someone other than yourself. In addition, qualifying rollover contributions and transfers are not subject to these limitations. If you are age 50 or older by the end of the year, you may make additional “catch-up” contributions to a Xxxx XXX. The “catch-up” contribution limit is $1,000 for tax years 2009 and beyond. If you are married and file a joint return, you may make contributions to your spouse’s Xxxx XXX. However, the maximum amount contributed to both your own and to your spouse’s Xxxx XXX may not exceed 100% of your combined compensation or the maximum contribution shown in the table above, whichever is less. The maximum amount that may be contributed to either your Xxxx XXX or your spouse’s Xxxx XXX is shown in the table above. Again, these dollar limits are reduced by any contributions made by or on behalf of you or your spouse to any other individual retirement plan (such as a Traditional IRA) except SEP IRAs and SIMPLE IRAs. Again, the limit is not reduced for contributions either of you make to a Xxxxxxxxx Education Savings Account for someone other than yourselves. As noted in Item 1, your eligibility to contribute to a Xxxx XXX depends on your AGI (as defined below). The amount that you may contribute to a Xxxx XXX is reduced proportionately for AGI which exceeds the applicable dollar amount. For the 2020 and 2021 tax years, the amount that you may contribute to your Xxxx XXX is as follows: Single Individual Year Eligible to Make a Contribution if AGI is Less Than: Eligible to Make a Partial Contribution if AGI is Between: Not Eligible to Make A Contribution if AGI is Over: 2020 $124,000 $124,000 - $139,000 $139,000 2021 & After - sub- ject to COLA increases $125,000 $125,000 - $140,000 $140,000 Married Individual Filing a Joint Income Tax Return Year Eligible to Make a Contribution if AGI is Less Than: Eligible to Make a Partial Contribution if AGI is Between: Not Eligible to Make A Contribution if AGI is Over: 2020 $196,000 $196,000 - $206,000 $206,000 2021 & After - sub- ject to COLA increases $198,000 $198,000 - $208,000 $208,000 If you are a married taxpayer filing separately, your contribution phases out over the first $10,000 of AGI, so that if your AGI is $10,000 or more you may not contribute to a Xxxx XXX for the year. Note that the amount you may contribute to a Xxxx XXX is not affected by your participation in an employer-sponsored retirement plan. To determine the amount you may contribute to a Xxxx XXX (assuming it does not exceed 100% of your compensation), you can refer to IRS Publication 590-A: Modified Adjusted Gross Income for Xxxx XXX Purposes and Determining Your Reduced Xxxx XXX Contribution Limit. The amount you contribute may not exceed the maximum contribution limits shown in the table above reduced by the amount contributed on your behalf to all other individual retirement accounts (except SEP IRAs and SIMPLE IRAs). Your contribution to a Xxxx XXX is not reduced by any amount you contribute to a Xxxxxxxxx Education Savings Account for the benefit of someone other than yourself. If you are the beneficiary of a Xxxxxxxxx Education Savings Account, additional limits may apply to you. Please contact your tax advisor for more information.

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