Summarising the tax applicable on a lump sum payment of death benefits The below table summarises the tax treatment ... s accumulation entitlements and amounts arising on commutation of a pension.

Commutation of pension refers to a lump sum amount of payment availed by an employee at the time of retirement in lieu of a portion of pension surrendered voluntarily. Commutation of pension ...

Petitions, filed by retired Punjab government employees, have sought restoration of commuted pension after a shorter period of about 12 years The Tribune, now published from Chandigarh ...

The CAT bench, however, pointed to the Supreme Court’s position on pension commutation. The bench pointed out that the 15-year recovery period is based on rules upheld by the Supreme Court under ...

The applicants argued that recovery should cease after 12 years of retirement, instead of the currently prescribed 15 years under Rule 10A of the CCS (Commutation of Pension) Rules, 1981.

SINGAPORE: Every month, corporate employee Ms Xianggui from China's Jiangsu province generously sets aside a fifth of her 10,000 yuan salary (US$1,371) towards her ageing parents’ retirement fund.

Read Less According to official figures, nearly 90% of eligible UK employees, about 20.4 million people, have access to a workplace pension. But if you’re an employee or are self-employed ...

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on ...

Do you qualify for a Veterans Pension? Many veterans of wartime service ... yearly income limit which describes your situation (see chart above). This difference is generally paid in 12 equal ...

The minimum amount you must contribute is set by the government and show in the table below. We've explained this in more detail in our guide to pension auto-enrolment. Other people, such as family ...