Lump sum and Opex: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
(Create the page. Source: The Treasurer, September 2016, p21.)
 
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''Pensions.''  
'''Op'''erating '''Ex'''penditure.


The rules of many occupational pension schemes permit an element of pension entitlement to be commuted to a lump sum on retirement.
Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.


These payments may not be liable to tax.
Opex is contrasted with capital expenditure ('capex').




== See also ==
== See also ==
* [[Commutation]]
* [[Capitalise]]
* [[Capital expenditure]]
* [[Expenditure]]
* [[Revenue expenditure]]

Revision as of 15:11, 6 September 2016

Operating Expenditure.

Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.

Opex is contrasted with capital expenditure ('capex').


See also