lump-sum benefit
1lump sum — 1) A sum of money paid all at once, rather than in instalments. 2) A sum of money paid for freight, irrespective of the size of the cargo. 3) An insurance benefit, such as a sum of money paid on retirement or redundancy or to the beneficiaries on …
2defined benefits lump sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme that is a defined benefit scheme may pay a defined benefits lump sum death benefit on a member s death. The scheme administrator must test the payment against the member s lifetime… …
3pension protection lump sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme may pay a pension protection lump sum death benefit on the death of a member before age 75. The lump sum will be equal to the capital value of the pension at crystallisation, less… …
4pension protection lump-sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme may pay a pension protection lump sum death benefit on the death of a member before age 75. The lump sum will be equal to the capital value of the pension at crystallisation, less… …
5uncrystallised funds lump sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme that is a money purchase scheme may pay an uncrystallised funds lump sum death benefit on a member s death. The member must have died before reaching age 75. The uncrystallised funds …
6sum — ▪ I. sum sum 1 [sʌm] noun [countable] 1. an amount of money: • Large sums of money are spent on advertising campaigns. • The company was sold for a sum estimated at $2.3 billion. ˌcapital ˈsum 1 …
7Defined benefit pension plan — For the defined contribution pension plan, see Defined Contribution Pension Plan. In economics, a defined benefit pension plan is a major type of pension plan in which an employer promises a specified monthly benefit on retirement that is… …
8The Dentists' & General Mutual Benefit Society — The Dentists and General Mutual Benefit Society (D G) is a friendly society based in Birmingham that since 1927 has specialised solely in income protection insurance for professional business people in the United Kingdom. Owned entirely by its… …
9Child benefit — (children s allowance) is a social security payment disbursed to the parents or guardians of children. Child benefit is means tested in some countries. Contents 1 Australia 2 Ireland 3 Japan 4 Swed …
10Pension Benefit Guaranty Corporation — (United States) Agency overview Formed September 2, 1974 …
