| Instead they are paid a pre-agreed lump sum at a pre-agreed date usually about eight years after making their initial investment. |
| The argument for the latter advice being that an endowment policy pays out a lump sum on maturity. |
| Bonded workers agree to sell their labour in exchange for a lump sum, perhaps to pay a big medical bill. |
| You can still take the traditional route and, having drawn down your 25 per cent tax free lump sum, simply invest in an annuity. |
| A pension lump sum is payable to the estate, and therefore can be paid to a cohabitee named in the deceased's will. |
| If you end up paying some income tax on your lump sum, you may be able to claim tax relief at the end of the tax year. |
