If you take the lump-sum payment, the entire winnings would be subject to income tax in that year, and you would be in the ...

The tax-free pension lump sum is a key feature of retirement planning for millions of people who are budgeting for their future. If you are aged 55 or over, you are entitled to take up to 25pc of ...

Often, the decision to take a pension annuity option over an available lump sum option rests on which option ... personal finance and more - straight to your e-mail. Profit and prosper with ...