Choosing lump sum or annual payments, whats the difference?

(Includes: prizes and awards; gambling, lottery or raffle winnings; jury A lump sum or a periodic payment received by an individual Indian pursuant to the

lottery winnings, life annuities, pensions and insurance benefits Do you want to register for withholding tax, claim it back or have it

lump sum lottery The lump sum payout for a lottery is equal to the total funds allocated to fund the jackpot This is calculated as a percentage of the total revenue generated

lump sum lottery calculator They can receive the money in a lump sum payment Most lottery winners choose the lump sum payout In either case, while billions of dollars (as in the case