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.

ICAEW had previously urged the HMRC to address this issue, which has now been clarified through an updated guidance.

General Secretary, Dr. Bharrat Jagdeo has said that those individuals who do not qualify for a National Insurance Scheme ...

If you’re fortunate enough to have the luxury of choosing between a lump sum or monthly pension, consider yourself lucky. These days, pensions of this nature are becoming increasingly rare, and for ...

You may be entitled to extra payments from your deceased spouse's or civil partner's State Pension, however, this depends on ...

There’s a reason so many seniors file for Social Security at age 62 rather than wait. That’s the earliest age to sign up for ...

Royal London also found that nearly 1 in 12 (8%) took their tax-free cash lump sum within six months of their 55th birthday, which is currently the earliest age at which most people can access money ...

Since April 2015, older savers have been able to take money directly from their pension, rather than buying an annuity. We ...

Question: I am a workplace defined contribution (DC) and self-invested personal pension (SIPP) holder, looking to retire ...

However a P45 is not mandatory to claim certain lump sum repayments. PAYE 94055 and 94058 under the sub-heading “Sources of evidence” (for a repayment) also allows “Real Time Information pay and tax ...

Section 10(1)(gC) of the Income Tax Act currently exempts, among other things, foreign sourced lump sums, pensions and ...

The earlier you can start contributing, the better the chance you have of building a £1m pot. If starting in your twenties, ...