When companies offer a pension, it’s common to give retirees two options: collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time are ...

Buying gilts (government debt) is another alternative to interest-bearing deposit accounts. Older gilts pay very low coupons — or interest — taxed at your marginal income tax rate. To compensate, ...

In terms of tax, when you reach your NMPA you will be able to access up to a quarter of your pot tax-free, up to a maximum of ...

The couple holds $4.8M to $5M in retirement assets without counting home equity. The husband’s pension offers $2.9M lump sum at 60 or $15,600 monthly with survivor benefits. Their annual retirement ...

Try to focus on the long term, be clear about your priorities, and resist withdrawing money early ...

This is made up of 5% from you (including pension tax relief from the government) and 3% from your employer.  Whether you ...