Replace Death in Service benefits that may have been lost when permanent employment ceased to go contracting. • Reduce your company tax, as premiums will be treated as a business expense.* • No Benefit In Kind consideration against the lump sum paid out. ...
Relevant Benefits means any pension, annuity, lump sum, gratuity or other like benefit given or to be given on retirement or death, or in anticipation of retirement. relevant benefit means any benefit specified in paragraph 21(2); and Density bonus means a floor area ratio bonus over the oth...
A Member may, with the consent of the Trustees, elect to exchange at the date of commencement of his pension part of that pension for a cash sum not exceeding (when added to similar lump sums under all other Relevant Schemes as defined in the Inland Revenue Limits Rules) 3/80ths of Fin...
In case of equity oriented /NAV based products like ELSS mutual funds and NPS, invest monthly instead of a lump sum so as to spread the risk. You can set up an auto debit for the required amount from your saving account. Apart from this, also look at minimizing the tax impact on ...