You can get up to six months of retroactive benefits in a lump sum from Social Security, but should you?

Chancellor Rachel Reeves continues to fuel panic among pension savers ahead of the Budget by refusing to rule out a raid on 25 per cent tax-free lump sums. It is the same concern people coming up to ...

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 ...

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 ...

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 ...