Currently, those over the age of 55 can take 25 per cent of their pension pot tax-free up to a £268,275 cap. There are ...

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Someone who takes their full 25 per cent pension tax-free lump sum at age 55 could lose out on more than £63,000 in potential ...

Someone aged 55 who decided to take out their full lump sum allowance from a pension pot worth £500,000 and add it into a ...

Combined income is your adjusted gross income plus any tax-exempt interest and half your Social Security benefit.

Taking a lump sum from your pension can be a fantastic way to pay off your mortgage, help out the kids or boost your savings. But understanding the rules is crucial if you want to make the most of ...

With just weeks until the Budget, I have decided to take a tax-free lump sum from my pension. I don’t know what Chancellor Rachel Reeves has up her sleeve, but I wanted to take advantage of current ...