How To Use lump sum In A Sentence
- Second, lump sum payments are worked out on the basis of an assumed life expectancy.
- If I didn't trust the stock market to create a lump sum to pay off my home loan when it matured, then why on earth did I trust it to produce enough for my retirement pot at the end of my working life?
- Until you have a clear idea of your future plans put any lump sum redundancy into a high interest instant access account. Say Goodbye to Debt
- This allows them to receive tax relief on the contribution and use the lump sum to buy an annuity. Times, Sunday Times
- Additionally, can anyone account for the difference between the commutated lump sum and the 15 years of the difference between the annual pension and reduced annual pension? even taking into account tax and NI the difference would amount to an overall loss of approx. 4000 pounds if you commutate. Army Rumour Service
- In the case of most corporate pension plans, members can commute part of their pension for a lump sum, which may well be tax-free.
- This is very flexible and would allow him to vary contributions or put in lump sums. Times, Sunday Times
- The argument for the latter advice being that an endowment policy pays out a lump sum on maturity.
- The sales pitch is usually aimed at those who may know they will receive an inheritance or cash windfall in the future from vested share options, large bonuses or a cash lump sum from their pension fund.
- Unions say the latest offer is a complex deal under which all workers would receive a lump sum in December equating to a 2.7 per cent rise for the six month-period from April to September.
