Once you reach age 55, you can start to make withdrawals from your pension, including a 25 per cent tax-free lump sum - the minimum age is rising to 57 in 2028. You can either withdraw the whole ...

Defined-contribution pensions tend to offer a good level of flexibility when it comes to taking your 25 per cent tax-free lump sum. If you have a final-salary pension, although you get to enjoy a ...

Annuity payments can provide more money overall due to interest accumulation. Lump sum might lead to higher taxes immediately, whereas annuity spreads tax over years. Choosing between the two ...

This includes being able to take some of your pension as a cash lump sum, with 25pc of this being tax-free. Here, Telegraph ...

Once you reach age 55, you can start to make withdrawals from your pension, including a 25 per cent tax-free lump sum - the minimum age is rising to 57 in 2028. You can either withdraw the whole ...