Under current rules, savers can take 25pc of their pension pot tax-free from the age of 55, up to a maximum of £268,275. But ...

Savers claim they took their lump sum withdrawal decision on the basis of guidance that they had a 30-day cooling-off period ...

MoneyMagpie Editor and financial expert Vicky Parry shares a quick five-minute guide to help you understand how pensions work ...

3. Taking a small pension pot (under £10,000) If you have pensions worth £10,000 or less, you can take up to three as a lump sum in your lifetime under the small pot rule. If you have a capped ...

The Central Government has formulated the National Pension Scheme. By contributing a small amount each month, you can receive ...

Ian Cook, financial planner at Quilter Cheviot Financial Planning, says: “Check the small print on your paperwork ... have to buy an annuity from your pension provider. Some people choose to take ...

When my boiler broke, I thought my Sipp provider AJ Bell would send the cash to my current account within a couple of days.

Usually, by the age of retirement, people accumulate a lump sum retirement fund for themselves, but are unable to arrange for ...

The Redditor had a small pension at an employer that sold the account to another company. He was given a very short deadline to make a decision on what to do with the proceeds: Accept a lump sum ...

A reverse mortgage is an option at least worth considering. This means taking out a loan to provide you with a lump sum ...

While a small difference in fees might appear ... tax-free element – you can take a quarter of your pension completely tax-free as a lump sum once you hit the “normal minimum pension age”.

To access your super upon reaching age 60 you need to satisfy a condition of release which involves retiring from a job – it need not be your main job. You have satisfied this condition. A TTR is a ...