The pension tax-free lump sum is the amount you can withdraw from pension savings free of tax. It’s also called the pension ...

Those who decided to take their tax-free cash ahead of the Budget have not attempted to put it back, according to several ...

Many of our clients nowadays are taking the lump sum option. Let's talk you through the pros and cons of doing so to see what can make the most sense for you. Note that all pensions are unique ...

The lump sum allowance is triggered when a tax-free element of the pension benefits is taken. For example, a pension commencement lump sum, or an uncrystallised funds pension lump sum (known as ...

Its full name, by the way, is “pension commencement lump sum”, or PCLS for short. For pension savers with nest eggs worth more than £1 million, note that there is a maximum amount that you ...

"The lump sum must be tested against their lump sum allowance at ... It added: "The payment of a [pension commencement lump sums] or [uncrystallised funds pension lump sums] is not a new product, ...

If you have a pension, your employer will usually give you a choice at retirement: buyout or payments. It’s important to review this carefully. In broad terms, many make this choice based on ...

We will be happy to help you weigh up the advantages and disadvantages. Is it a good idea to withdraw my pension fund savings as a lump sum? A pension provides you with a secure monthly income for the ...