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 ...

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, ...

It can be tempting to take a lump sum when you’re able to cash out a pension. Taking the money means you can use it immediately, and it could be your ticket to an early retirement. Do a break-even ...

Buyout decisions have become increasingly common for those with a pension plan. If you get this offer, the most important questions to deal with include when you would you receive the payout, and how ...

The couple holds $4.8M to $5M in retirement assets without counting home equity. The husband’s pension offers $2.9M lump sum at 60 or $15,600 monthly with survivor benefits. Their annual retirement ...

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

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 ...

Former New Orleans Mayor LaToya Cantrell is cashing out her pension. According to our partners at NOLA.com, Cantrell, 53, is ...

She said: "The overpaid pension tax saga continues to drag on. In just three months, HMRC has repaid a whopping £48.7m to ...