Set to come into effect from April 1, 2025, the Unified Pension Scheme will be available to eligible central government ...

Deciding whether to take a $400,000 lump sum or monthly pension benefit of $2,000 requires calculating the relative value of each option. Generally speaking, the sooner you can receive the lump ...

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 ...

Making pension withdrawals without first seeking advice could affect your tax bill and entitlement to benefits ...

If you have a pension, your employer will usually give you a choice at retirement: buyout or payments. It’s important to review this carefully. In broad terms, many make this choice based on ...

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 ...

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

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 ...