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, ...

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

Yet, withdrawing money from your pension can sometimes disrupt this peace of mind, particularly when it comes to how it's ...

Millions of pension savers risk surrendering thousands of pounds to tax unnecessarily as confusion surrounding retirement ...

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

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 ...

The lifetime limit on pension 25pc tax-free lump sums was set by the then-Conservative government at £268,275 on Apr 6, 2024.

Taking money from your pension can sometimes disrupt the enjoyment of retirement, but these four strategies could help you ...

Just 42% of adults say they have a clear understanding of the options available when taking money from their pension - and ...

An expert has explained four things to consider ...