His Majesty's Revenue and Customs (HMRC) has updated its international manual, providing guidance on the tax treatment of lump sum pension payments in accordance with the UK's double tax agreements ...

One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly payments. At some point, you’ll have to make a decision, and this decision ...

A MAJOR update on pension withdrawals has been issued after thousands of savers scrambled to take money out of their pot ...

Deciding between a $500,000 lump sum or $3,500 monthly annuity payments for your pension isn’t straightforward and involves weighing several personal factors. You need to consider how long you might ...

Nearly three million federal and municipal workers will receive a lump-sum payment of thousands of dollars to make up for the shortfall in benefits they should have received in 2024 under a new law ...

Monthly payments or a lump sum? This is often times the “million-dollar question” for those in the workforce who still have access to a defined benefit, pension plan. As I’m sure you’re aware, pension ...

Ellen wrote, "I had planned to take my pension in a lump sum, approximately $450,000 mainly because I feel it can grow much more than receiving it monthly." However, she also acknowledged that with ...

Rachel Reeves has been warned that cutting the tax-free amount people can withdraw from their pension pots would be self-defeating and “hit responsible savers who have diligently put money aside”. The ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. This is especially true for baby boomers, millions of ...

Rachel Reeves could consider cutting the amount savers are allowed to withdraw in a lump sum from their pension pots as she seeks to plug a multi-billion-pound hole in the public finances. The ...