Lump Sum Allowance definition

Lump Sum Allowance means the total amount of tax- free lump sums that can normally be paid from your pension benefits. This is currently set at £268,275, but may be higher if you’ve applied to HM Revenue & Customs (HMRC) for certain protections.
View Source

Examples of Lump Sum Allowance in a sentence

  • Lump Sum Allowance $10,000, subject to applicable deductions and withholdings, payable in a lump sum on the Company’s first regularly scheduled payroll date following the later of (i) the Effective Date and (ii) the Executive’s execution of the Relocation and Transition Benefits Repayment Agreement, to help cover expenses not otherwise expressly mentioned.

  • Lump Sum Allowance No. 1: Include the sum of $25,000.00 for the following but not limited: hazardous material abatement, mold specialist investigation, mold clearance testing, mold remediation, safe and proper disposal, etc., and other unforeseen items not identified.

  • Notwithstanding the foregoing, regardless of the timing of payment, the Upfront Conversion Lump Sum Allowance will be deemed earned evenly throughout the Term.

  • In lieu of the Home Finding & Temporary Living Lump Sum Allowance described in that plan, Executive will be eligible to receive a lump sum allowance of $1,500 per month (subject to tax gross-up as described in the plan) until Executive relocates to the Dayton area or 12 months after the Effective Date, whichever occurs first.

  • Lump Sum Allowance No. 1: Include the sum of $50,000.00 for the following but not limited: misc.

Related to Lump Sum Allowance

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.

  • Disability allowance means monthly payments during

  • Utility Allowance means a monthly allowance, as provided by the local public housing authority or as otherwise allowed by HUD rules and the GLO rules, for utilities and services (excluding telephone services) to be paid by the tenant.