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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 ...

Is there a downside to taking your pension on a monthly basis vs. taking a lump sum? The monthly payments would be higher ...

You can superfund a child's 529 account by making a lump-sum contribution of up to $95,000 ($190,000 if you're a married ...

Many beneficiaries face the decision of whether to withdraw the money as a lump sum, reinvest for higher yields, or consider a more conservative strategy to reduce taxes, especially since ...

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 ...

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 ...