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Lump Sum Payment | AutoTraffic

Should I Take a $48,000 Lump Sum or $462 Monthly Payments for a Pension Annuity?

Buyout decisions have become increasingly common for those with a pension plan. If you get this offer, the most important questions to deal with include when you would you receive the payout, and how ... read more

How Can I Set Up a Payment Plan for Taxes I Owe?

In such cases, a tax payment plan can offer a viable solution. This arrangement with the IRS allows taxpayers to pay their due taxes over an agreed period, easing the burden of a lump-sum payment. read more

Provincial lump-sum payments to wildland firefighters 'insufficient': NDP

Ontario's NDP says the province's plan to provide wildland firefighters and support staff with one-time incentive payments isn't enough to attract and retain staff. read more

What are the Hidden Dangers of Minimum Credit Card Payments?

Recently, credit card balances in the United States reached a 10-year high. TransUnion’s data, released on November 9, 2023, shows that the average credit card account in the US carries a balance of ... read more

Non-NHS health workers to receive one-off lump sums

Around 27,000 staff including community nurses and physios at non-NHS organisations will soon receive lump sums worth at least £1,655. read more

Lump sum payment to be awarded to all striking hospital workers after rule change

A lump sum Covid payment will be awarded for striking staff employed by a private contractor in hospitals in Dudley, according to a letter from the minister of state for health and social care. read more

Can I claim tax benefits for making a lump sum payment for health insurance for three years?

My health insurance provider offers a discount on a three-year, lump-sum premium payment. If I pay a combined premium, can I claim tax deduction under Section 80D over three years? My three-year ... read more

Should I take a lump sum from my pension?

This will prompt you to decide what to do with the rest of the fund: Before the pension changes, taking a tax-free lump sum was the only chance to get a sizeable withdrawal before the money was ... read more

What are annuities?

An annuity is essentially a contract between you and an insurance company in which you make an upfront lump sum payment or series of payments to the insurer. In return, the insurer agrees to make ... read more

Hospital workers strike over lump sum payment

Cleaners, caterers, security guards and other hospital workers have gone on strike over pay. Members of the UNISON union who work at Prospect Park Hospital in Reading have accused their employer ... read more

Should I Take a $48,000 Lump Sum or $462 Monthly Payments for a Pension Annuity?

The earlier you would receive a lump sum payout, the more it will be worth to you in retirement. On the other hand, the longer you live to collect monthly payments, they can add up to be higher ... read more
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