Nick Mendes, of broker John Charcol, said: “Using a lump sum to clear or reduce your mortgage can be one of the most reliable ways to improve your long-term finances. The return is guaranteed because ...
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 ...
HMRC has issued £48.7 million in refunds for overpaid tax on pension withdrawals, with the average refund worth around £3,800 ...
Ms Morrissey explained that people accessing a lump sum from their pension for the first time can be taxed too much. The main ...
AJ Bell says months of budget tax speculation triggered £600m in early pension withdrawals and attacks Rachel Reeves’s ...
HMRC has paid out £48.7 million in refunds for overpaid tax on pension withdrawals between April and June, with the average ...
Pensions UK's Dirk Paterson looks for some positive takes on last week's Budget announcements relating to investment, ...
Income tax will be scrapped for people whose sole income is the state pension, the Treasury has confirmed. The state pension is set to exceed the tax-free personal allowance from 2027, but if this is ...
Looking ahead to 2026, there are some significant pensions developments on the horizon and some key existing ones which will ...
If someone’s spouse or civil partner dies, they may be able to inherit part of their additional State Pension, which will be ...
UK tax resident recieves pension lump sum from a South African pension. Reading the DTA I believe 100% of the sum is taxable in the UK, but am I ...
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