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 ...

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

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.

Is there a downside to taking your pension on a monthly basis vs. taking a lump sum ... to be a substantial sum of money, it’s often very inefficient to take the tax hit in one big chunk.

Good to know: If you withdraw your pension as a lump sum, you will pay less tax. What is the combined option and what do I need to know? As the name suggests, you receive some of your savings as a ...

As many as one in five people choose to access their pensions as soon ... to stay within the tax-free allowance. While some 32 per cent of people who took a lump sum from their pot said they ...

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