lump sum


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lump sum

Medspeak-UK
A one-off payout that one receives upon retirement with the NHS, which is equivalent to 3 times one’s annual pension.

Medspeak-US
A one-time payment—e.g., from the 401(k) plan made to a worker’s beneficiary in the event of death.
References in periodicals archive ?
Yet as life-changing as winning the lottery can be, it also requires winners to make a (https://www.fool.com/knowledge-center/what-is-better-taking-the-cash-option-or-annuity-i.aspx) smart initial decision : whether to take a reduced lump sum upfront or receive the full amount of the jackpot over a long period of time through yearly annuity payments.
However, you can do both: put in a lump sum to open your initial investment account and then add a percentage of your income regularly.
Based on a nationally representative sample, we study the extent to which introducing lump sum benefits would be likely to alter Americans' Social Security claiming behavior.
Return of premium option - On Death/ Diagnosis of Terminal Illness, Sum Assured on Death is paid as Lump sum Benefit to the nominee and the policy terminates.
That will be difficult to manage, as well as difficult to operate, to ensure it is done at a rate that is attractive to people in your situation who would rather have a lump sum of money than a regular income.
Ridon also shared Colmenares' observation, saying that budget is "loaded with lump sums, sneaky provisions crafted for fund juggling a lAaAaAeA DA and billions of funds designed to serve as the ruling party's campaign war chest."
The new tables show that people are living longer, so when the IRS incorporates them, it will increase the cost of lump sums.
On the other hand the private educational institutions have hammered out a new strategy for recovering lump sum fee under which they are providing separate vouchers against every one month fee to the parents..
Head of BM Solutions, Phil Rickards, commented "We expected to see an immediate increase in interest in buy to let after the rule changes allowing access to pension lump sums, but did not believe there would be a stampede and this has proved to be the case.
"Activity [connected with lump sum windows] increased in 2014 as a confluence of events -- new mortality expectations, increased [Pension Benefit Guaranty Corporation] premiums, improved funded status, movement in interest rates, extended funding relief, and additional focus on managing pension risk -- encouraged many plan sponsors to move forward with lump-sum windows," the report states.
Like now, any lump sum death benefit paid from uncrystallised rights on death before age 75 will continue to be tax free (as long as the lump sum falls within the deceased's available lifetime allowance).
SIRVA Incorporated, a provider of global mobility services delivering integrated relocation and moving solutions for multi-national corporations, governments and consumers, has launched an upgrade of its Lump Sum Xpress service.