When companies offer a pension, it’s common to give retirees two options: collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time are ...

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 ...

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 ...

One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly payments. At some point, you’ll have to make a decision, and this decision ...

Bob Gorman felt forced into taking his pension lump sum early last year - and now feels conflicted because his partner is ...

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 ...

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 ...

A prominent Labour group of which chancellor Rachel Reeves is a member has suggested more than halving the maximum amount of ...