Many DB schemes pay out lump sums on death but these are often by scheme design and not any form of wealth transfer- they are ...

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 ...

As many as 10% choose to take out their entire pension as soon as they are able to, according to Legal & General.

Employers often reward employees with additional financial benefits as a token of appreciation for their dedicated service.

Understanding how to calculate gratuity ensures employees are aware of their entitlements, helping them plan their future effectively.

NPS Calculator: With retirement ... Currently, you can withdraw up to 60% of the total corpus as a lump sum upon retirement, with the remaining 40% mandatorily invested in an annuity plan.

New research from Legal & General (L&G) reveals that one in five (21%) people who withdrew a cash lump sum from their pension ...

One if five pension savers who withdrew a cash lump sum from their pension did so as soon as they turned 55. The figures from ...

One in five (21 per cent) people who withdrew a cash lump sum from their pension pot did so as soon as they turned 55, despite many not understanding the consequences of doing so, research from Legal ...

While two-thirds take 25% or less of their pension to stay within the tax-free allowance, 10% withdraw their entire pot.