CRC Energy Efficiency Scheme and Commutation: Difference between pages

Latest revision as of 21:41, 9 February 2022

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.

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-''Environmental policy.''
+''Pensions''.
-The UK's first mandatory carbon trading scheme to address climate change and to promote energy saving. It aims to reduce carbon dioxide emissions not already covered by climate change agreements and the Emission Trading Scheme, by reducing the UK's carbon footprint and meeting the emissions reduction targets set out in the Climate Change Act of 2008.
+The foregoing of part or all of the pension payable from retirement in exchange for an immediate lump sum benefit.
-Previously called the Carbon Reduction Commitment (CRC).
+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 ==
-* [[Cap and trade]]
+* [[Commutative]]
-* [[Carbon credits]]
+* [[Lump sum]]
-* [[Carbon trading]]
-* [[Emission trading scheme]]
-[[Category:Manage_risks]]
+[[Category:Accounting,_tax_and_regulation]]
+[[Category:The_business_context]]