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 ...

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 ...

Should I invest this in a retirement annuity (RA), unit trust or tax-free investment? Answer: Each of these products has its own tax structure in terms of tax breaks when you invest the money; tax on ...

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 ...

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