Commutation

From ACT Wiki
Revision as of 20:55, 18 June 2016 by Doug Williamson (Talk | contribs) (Add link.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Pensions.

The foregoing of part or all of the pension payable from retirement in exchange for an immediate lump sum benefit.

In some countries there may be a tax benefit to partial commutation.

(Under UK tax rules, up to 25% for example, of the value of a pension may be taken in the form of a tax free lump sum.)


See also