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This article is in error. A SEP contribution made by a self employed individual is considered to come from the 'employer' side of the contribution. Catch-up contributions may only be made by employee salary deferrals, as would be the case in employee contributions to a 401(k), 403(b), 457(b) or SIMPLE IRA.

What this article may be thinking of are either:

1. catchup contributions to a SARSEP, which are allowable (under certain circumstances)....but no new SARSEPs have been created since 1997, with the few remaining today a result of being grandfathered, or

2. IRA contributions may be made to one's SEP IRA account, but these are limited to a maximum contribution of $5,000 plus a $1,000 catchup contribution if age 50 or older.

BruceM
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