Sentences with phrase «on a lump sum payment»

Answer No. 1: First, the 30 % may be a touch low for an estimate of the taxes owing on a lump sum payment which is not otherwise eligible or contributed to a registered investment account.

There are special rules on lump sum payments for borrowers whose public service employment is with AmeriCorps or the Peace Corps.

Most debt collectors will offer two options — a settlement option based on a lump sum payment or monthly payments towards the balance.

Not exact matches

Gelsinger won't share specifics on the packages offered to the workers who were let go, but a VMware spokesperson says that their severance included an undisclosed period of full pay and benefits, a lump sum payment based on years of employment, and outplacement services.

You give an insurance company money in a lump sum or in payments over a period of years, then at retirement, the cash gets «annuitized,» or paid out in a string of payments based on your life expectancy.

For a business without a guaranteed income stream, it can be dangerous to take on a liability that demands a large lump sum payment.

According to the Pension Rights Center, you should consider a one - time, lump - sum payment from your employer if you're sick, your life expectancy is short or you don't have a surviving spouse that will need to rely on lifetime income.

In addition, borrowers who have lump - sum payments made on their behalf under a student loan repayment program administered by the U.S. Department of Defense may also receive credit for more than one qualifying PSLF payment.

In this case, your bank will provide a lump - sum loan payment or extend a line of credit based on this amount.

While workers may get paid more than they would have if their hourly wages rose, the lump - sum payments keep a lid on fixed costs for Ford.

You purchase the contract for a specific amount of money, either through a lump sum or periodic payments, and in exchange, the insurer agrees to pay you a set amount on a recurring basis.

Instead of paying a large lump sum on an annual or semi-annual basis, these fees are automatically consolidated into your monthly mortgage payment so you don't even have to think about it.

Repayment may be made as either a lump - sum payment when the invoice is due, or be required on a weekly basis.

The money in your annuity — which you invest as a lump sum or through a series of payments, depending on the policy you choose — generates a stream of income paid to you for your lifetime.

If you accept credit or debit card payments or sell big ticket goods or services on payment plans, you can request immediate cash advance for your projected credit and debit card sales or for big ticket items, receive lump sum payments upfront for each sale even as your credit qualified customers will be given extended time to pay.

Miller, the county commissioner of human resources, said AFSCME leaders are giving up a good deal for their members by agreeing to a lump - sum payment for 2016 and erasing negotiated agreements already reached between the union the county administration on a multitude of issues.

He added that if the lump sum payments go through for 2016, the county would have to reevaluate what raises would be on the table going forward.

When you purchase a membership through positivesingles.com, your membership fees are processed as one lump sum payment on your first day.

Be aware that, although the prices are stated as «per month» on the Match.com website, you will be billed an upfront lump - sum payment for the whole period.

A partial lump - sum payment whereby a portion of the accrued benefit is paid to the participant and the remaining amount is transferred to an eligible retirement plan, as defined in s. 402 (c)(8)(B) of the Internal Revenue Code, on behalf of the participant; or

The district said in a press release the money would be distributed through a 2 percent ongoing salary increase retroactive to July 1; a 2 percent lump - sum payment based on 2013 - 14 earnings;...

She has suggested allowing schools to pay teachers «non-consolidated payments» — one - off lump sums on top of their salary.

At the same time we are making funding fairer, consulting on proposals for a new national funding formula so that areas with the highest need attract the most funding — including plans for a lump sum payment to meet school costs, with extra funding for our smallest and most remote schools.»

That's because you can manage your payments on a month - to - month basis, rather than pay a lump sum all at once, and you can drive your vehicle the entire time you're paying it off.

On January 1, 2010 you will receive a lump sum principal payment for the first maturing bond.

Repayment may be made as either a lump - sum payment when the invoice is due, or be required on a weekly basis.

For a business without a guaranteed income stream, it can be dangerous to take on a liability that demands a large lump sum payment.

Unamortized loans work best for people who receive sporadic lump - sum payments, such as those who rely on bonuses, commission or contract completion (e.g., real estate contractors).

He receives his first lump sum super payment of $ 300,000 on 25 July 2015.

«But it's probably the best time to pay down debt, because lump sums go against the principal and reduce the interest you'd incur on future payments at higher rates.»

As our salaries increased, we doubled up our monthly payments and put lump sums of cash down on the principal as often as we could.

Is there a way to save on tax on this pension lump sum payment?

Q: My husband is retiring from teaching and will receive a large lump sum payment, but if he doesn't put it into a retirement specific account he'll have to pay about 30 % in tax on this sum.

While the updated benefit kicked in on the first of the year, payments won't be made until summertime, when parents will receive a lump sum for the first half of 2015, after which payments will be made monthly.

For instance, putting lump sums of cash toward credit card debt can wipe out high interest payments, which would give you a better return on your money than paying off low interest mortgage debt.

Making a payment larger than your minimum payment amount can sometimes advance your due date, meaning another payment on your student loans won't be due until your minimum payments catch up to your lump sum payment.

If all of your property was destroyed, as could be the case in a home fire, you will likely receive a lump - sum payment within the limit specified on your policy.

Single Premium Deferred Annuity: A deferred annuity funded by one lump sum, which will begin to provide payments to the account holder on a specified future date.

However, instead of receiving a deferment or forbearance during your volunteer service and then using your Peace Corps transition payment or Segal Education Award to make a lump - sum payment on your loans, you could choose to make qualifying PSLF payments during your volunteer service.

If you use some or all of your Peace Corps transition payment or AmeriCorps Segal Education Award to make a lump - sum payment on your Direct Loans, you'll receive credit for up to 12 qualifying payments for PSLF.

If you do not request a deferment or forbearance and instead make payments under an income - driven plan during your Peace Corps or AmeriCorps service, you could possibly receive credit for a larger number of qualifying PSLF payments than you would if you received a deferment or forbearance and then used your Peace Corps transition payment or Segal Education Award to make a lump - sum payment on your Direct Loans.

The time you spend in the Peace Corp will count only if you 1) do not choose to get an economic hardship deferment and make scheduled payments during your service or 2) make a lump sum payment on your loan from the Peace Corps transition allowance no later than six months after you receive the allowance.

The chances that you'll be able to do better than the monthly payments offered by your employer are low — a 2015 General Accounting Office on pensions and lump sums found that the payouts on company pensions are generally much more generous than those offered by private insurers — but it doesn't hurt to check.

This benefit is available only for lump - sum payments made on or after July 1, 2016.

With a home equity loan, you receive a lump sum payment for whatever amount you borrow, based on the amount of equity you have available in your home.

Also, if the buyer makes a balloon payment, all of the taxes due on that balloon will be due in one lump sum payment, negating the contract's key tax benefit.

What if I die while receiving my payments?If you die while still receiving your payments through a non-life only option, your beneficiaries will have the choice of either receiving the remaining payments left on your payment schedule, or elect to receive the remaining account value as a commuted lump sum.

If you die while still receiving your payments through a non-life only option, your beneficiaries will have the choice of either receiving the remaining payments left on your payment schedule, or elect to receive the remaining account value as a commuted lump sum.

This requires them to verify whether a borrower can pay a lump sum within two weeks on a short - term loan or handle the largest monthly payment on a long - term loan.

Your fund does not have to give you a payment summary when they make a tax - free super lump sum payment and you don't need to include the amount on your tax return.