Capital employed and Commutation: Difference between pages
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''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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The | |||
== See also == | == See also == | ||
* [[ | * [[Lump sum]] | ||
Revision as of 14:19, 23 October 2012
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