Is there a downside to taking your pension on a monthly basis vs. taking a lump sum? The monthly payments would be higher than the return I would get on the lump sum. There are certainly some ...

A fifth of people who withdraw a cash lump sum from their pension pot do so at the age of 55 but do not have a full understanding of the financial implications. Research by Legal & General ...

Planning for retirement requires clarity about your interests, skills, and experience. Thinking on how to spend your time in retirement depends on your knowledge, skills, and active job experience.

We will be happy to help you weigh up the advantages and disadvantages. Is it a good idea to withdraw my pension fund savings as a lump sum? A pension provides you with a secure monthly income for the ...

When faced with the decision of taking a lump sum pension payout or receiving monthly annuity payments, your course of action will depend on your individual circumstances. Key factors include your ...

In some cases, accessing a pension lump sum can affect a person's eligibility for means-tested benefits – something that 24 per cent did not realise. One in ten of those who did withdraw money ...

The workers had been staging protests for many years demanding benefits, including a lump sum amount of ₹1 lakh on retirement at 60. The Commissioner of the Department of School Education and ...

According to him, variables that determine lump sum and programmed withdrawal are Retirement Saving Account, RSA, Balance, Final Salary(Basic + Housing+ Transport) x 12, Age at Retirement and Sex ...

The State Pension underpayments cover three broad categories: the State Pension Underpayments (LEAP) exercise, Home Responsibilities Protection (HRP) cases where HRP has not been recorded accurately ...