Inherited IRAs offer financial opportunities to beneficiaries but you must understand the 10-year rule to optimize your inheritance and avoid penalties.

For instance, if you have a pension pot worth £100,000 you can withdraw £25,000 tax-free and leave £75,000 invested, ready to use later in retirement. You can use it to buy an annuity at any point to ...

You just found out that you’re getting a tax refund and are considering using it to make a lump-sum payment toward your ...