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[DOC File]HISTORY OF INFLATION RELATED PAYMENTS
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Shortly after the U.S. Oil Industry broadly implemented pension plans, almost all of Shell’s competitors gave their employees the option of taking a lump sum payment or receiving a lifetime monthly pension. The purpose of the lump sum option was to allow the pensioner to invest the lump sum payment and thereby offset the effect of inflation.
tax treatment of lump sum pension payments

[DOC File]PENSION SCHEMES ACT 1993, PART X
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The main crux of Ms Burgess’ complaint is that she should have been informed that pension tax legislation had changed so that a delay in claiming a refund, of over twelve months after her pension entitlement under the Scheme had started, could result in a tax charge (instead of a tax-free payment in the case of a lump sum refund).
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[DOCX File]Legal & General - BT Pension Scheme
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HMRC has introduced complex rules to prevent the systematic exploitation of the tax rules, that in brief, involve members withdrawing the tax-free lump sum at retirement (known as the pension commencement lump sum) and reinvesting it back into a registered pension scheme, automatically generating further tax relief on the amount invested (or other actions which have that effect).
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[DOC File]NEW PENSION SCHEME – HOW DOES IT COMPARE WITH …
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The remaining 20% of the pension wealth may be withdrawn as lump sum. On the amount withdrawn too, tax has to be paid. This negative clause acts as a dampener to those who want to take VRS before attaining 60 years. It takes away the freedom of choices available to the subscribers.
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[DOCX File]A Guide to the Local Government Pension Scheme for ...
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pension by spreading payment of the Additional Pension Contributions (APCs) over a number of complete years (unless your Pension Fund administrator / the Fund / the Pensions Section determines that it would not be practicable to allow APCs to be paid by regular contributions, in which case payment could be made by a lump sum).
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Early Retirement Provisions
They become entitled to the immediate payment of their pension benefits based on 16 years membership. This would amount to a lump sum retirement grant of £12,000 plus a pension of £4,000 a year. However, if they prefer they could waive the additional lump sum compensation and just take the statutory redundancy payment of £6,923.
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[DOCX File]South African Tax Guide | Taxation Made Easy by Nyasha …
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Where member elects to receive portion of RFI in form of a lump sum ipon retirement = that lump sum is subject to tax. ... life pension payable to widow by E’R who has bound self to pay pension for life = annuity. ... it is NOT the type of fund that determines the tax implications. ANNUITIES are excluded from definition of lump sum – BUT ...
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[DOC File]FREQUENTLY ASKED QUESTIONS
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For most doctors retiring from the existing NHS pension scheme the tax free lump sum will simply be three times the annual pension. The tax free lump sum is paid at the same time as the first pension payment and is always tax free. There are 2 exceptions to the lump sum being three times the pension.
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[DOC File]THE LOCAL GOVERNMENT PENSION SCHEME (BENEFITS, …
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There will also be a lump sum if the member has pre 1 April 2008 membership and/or opts to commute some pension to a lump sum. ... An employer will need to be aware that there could be tax implications for the award of the enhanced 2nd tier pension and have regard to HMRC normal rules for the increases of pensions, see ... are deferred), a ...
tax treatment of lump sum pension payments

Tax implications of pension lump sum payment