However, for sugar, in the process of manufacturing, the organic acids, protein, nitrogen elements, enzymes and vitamins in the sugar cane are destroyed, whereas honey, a natural sweetener, subjects only to minimal heating.
The SEP stands for simplified employee pension. It is an individual retirement account or IRA, into which employers can make retirement contributions for themselves and their employees. Compared a 401(k) retirement plan, a SEP IRA is relatively simple to start and manage. 1  There's far less paperwork and annual filing. 2  In fact, if you are self-employed, you have the same deadlines for creating a SEP IRA. 3  The SEP IRA limit is set to increase to $54,000 in 2017.
However, once you reach age 70-1/2, you no longer have the option. You must stop putting money into the account, and you must begin taking money out. Early Withdrawal Penalty. If you take money out of your SEP IRA prior to age 59-1/2, you will have to pay a 10 percent penalty on the withdraw.