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 ...

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, ...

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 ...

Lottery payments work in one of two ways: you get a lump sum or stream of annuity payments. Taxation varies by payout and can lower winnings by up to 50%. Winning the lottery would be a huge deal for ...

Dear Liz: Because of the Social Security Fairness Act, my wife got a huge lump sum check (catchup, I suppose) and will now get monthly Social Security benefits. This is good news and bad news, ...

A 20-year-old woman won the lottery. How she chose to accept her winnings drew social media scorn.

A reader is concerned about the future of the tax-free lump sum, which was subject to speculation at the Budget ...

I have a Sipp with Hargreaves Lansdown and want to take a tax-free lump sum before the Budget. After following the online process, I put my £500,000 pension into drawdown and applied for the full ...