People who take up to 25 per cent of the amount built up in any pension as a tax-free lump sum have been warned it ... least ...

Retirement savings could be "eroded" despite a 25 per cent tax-free relief, UK households ... Taking a lump-sum payment can ...

Under current rules, savers can take 25pc of their pension ... tax rules. The tax authority said cooling-off periods do not apply to such withdrawals, adding: “The payment of a tax-free lump sum ...

People who take up to 25 per cent of the amount built up in any pension as a tax-free lump sum have been warned it could change. New Labour Party Chancellor Rachel Reeves could be tempted to ...

It notes that around 75% of contributions to UK pensions ... income tax). So, those with the biggest pensions under the current £1.25m lifetime limit can take £312,500 as a lump sum.

The 56-year-old had read that Labour was considering cutting the tax-free lump sum – the amount ... cancellation rules for pensions do not cover the cancellation of payments of lump sums such ...

Retirement savings could be "eroded" despite a 25 per cent tax-free relief ... three-word update over snow battering UK within days The key is to "only take what you need, when you need it," according ...

which would also result in a higher tax burden. In the end, Rita and Anton decided on the mixed option of "pension and lump sum." They wanted to cover their annual fixed expenses of 60,000 francs with ...