, omtun.com Granny Omtun helps you reach customers. 1  The weaving process is a brilliant human invention and it can be used for anything from a woven label to a t-shirt. 2  For example, here is how the woven label is made: 3  The looms weave polyester yarns, recreating the logo submitted by the client in the form of artwork.
What is a 'Lump-Sum Payment'. A lump-sum payment is a one-time payment for the value of an asset such as an annuity or another retirement vehicle. A lump-sum payment is usually taken in lieu of recurring payments distributed over a period of time.
When you retire you may be paid a lump sum by your employer. If you had a fixed-term contract and it is ended early, you may get a lump sum in compensation. This document is about the taxation of your redundancy or retirement lump sum. It is not about the tax treatment of your pension scheme lump sum.ntroduction. There are various circumstances in which people receive compensation for loss of employment. The most common is where you are made redundant and you get a settlement, which may include the statutory redundancy lump sum, and a further sum negotiated by you or your trade union with the employer.