When you invest in a mutual fund, inflation impacts your return, and you also pay a tax on capital gains. In such a way, the ...

You could choose to only take the 25pc tax-free lump sum, leaving the remainder of your pension invested. When you withdraw the remaining funds, they will be taxed as income.

Central government staff under the Integrated Pension Scheme can now take advantage of both gratuity and lump-sum at ...

On an estimated lump sum of $757.2 million before taxes, the federal withholding is estimated to be $181.7 million if 24% is withheld. That would bring the payout to around $575 million.

However, you can avoid taxes on a lump sum by rolling … Continue reading → The post How to Avoid Taxes on Lump Sum Pension Payout appeared first on SmartAsset Blog.

Without the employer's breakdown of the lump sum salary, you cannot file form 10E to claim a rebate under Section 89(1) for ...

Compounding increases savings exponentially by reinvesting earnings. Calculate compounding on a lump sum using initial amount, rate, and time. Long-term investing significantly amplifies the end ...

When Mr A deposits the amount in an FD in favour of his wife, interest earned on it shall be clubbed with the income of her ...

Central Government employees under the Unified Pension Scheme (UPS) now gain retirement and death gratuity benefits up to Rs ...

While the lump-sum scheme can be interesting for the super rich, the state has put in place a minimum tax base. This is the higher of two figures: either seven times your annual rent or the rental ...

Continue reading → The post How to Avoid Taxes on Lump Sum Pension Payout appeared first on SmartAsset Blog. Unfortunately, many of these distribution methods result in a tax liability that ...