Taking a lump sum from your pension can be a fantastic way to pay off your mortgage, help out the kids or boost your savings. But understanding the rules is crucial if you want to make the most of ...

Any UK resident under 75 can open one, irrespective of whether they also have a workplace or other private pension scheme.

Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. Income drawdown is a flexible way for those aged 55 and over to access the money in a ...

The Pension Fund Regulatory and Development Authority (PFRDA) has rolled out Retirement Income Schemes (RIS) and drawdown facilities under the National Pension System (NPS), enabling subscribers to ...

Rising interest rates have made annuities a more attractive option for retirees accessing their pension, but it is important to choose the right route for you. How to find and add lost pensions to ...

Andrew King from Evelyn Partners exposes some of the myths surrounding tax-free lump sums ...

Pension schemes which allow members to designate defined contribution (DC) funds for drawdown may need to amend their scheme rules, following an update to HMRC’s Pensions Tax Manual. On 26 March 2025, ...

PFRDA's new NPS retirement income scheme allows phased withdrawals while keeping pension corpus invested longer ...

THE combination of stock market uncertainty and rising interest rates mean annuities are now looking increasingly attractive to retirees. Last year, the average annuity purchase reached a record ...