Buying gilts (government debt) is another alternative to interest-bearing deposit accounts. Older gilts pay very low coupons — or interest — taxed at your marginal income tax rate. To compensate, ...

Chancellor Rachel Reeves continues to fuel panic among pension savers ahead of the Budget by refusing to rule out a raid on 25 per cent tax-free lump sums. It is the same concern people coming up to ...

Our statement explaining how FCA rules on cancellation rights, to complement an HMRC statement about how tax legislation applies to tax-free pension lump sums. On 25 September 2025, HMRC published ...

I have a Sipp with Hargreaves Lansdown and want to take a tax-free lump sum before the Budget. After following the online process, I put my £500,000 pension into drawdown and applied for the full ...

Rachel Reeves has been warned that cutting the tax-free amount people can withdraw from their pension pots would be self-defeating and “hit responsible savers who have diligently put money aside”. The ...

A reader is concerned about the future of the tax-free lump sum, which was subject to speculation at the Budget ...

To encourage you to put aside money for retirement, the Government effectively nullifies the tax paid on your earnings when it goes into a pension.

Rachel Reeves could consider cutting the amount savers are allowed to withdraw in a lump sum from their pension pots as she seeks to plug a multi-billion-pound hole in the public finances. The ...