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Pensions, Ask Damien

Reader Question: How can I take my entire pension pot as a cash lump sum?

2 min Read 31 Oct 2013

Reader Question: I have a small private pension pot which I stopped contributing to years ago. I am now 59, and am thinking of retiring. I’m loathed to buy an...

News, Pensions

New pension changes that allow over 60s to take smaller pension pots as cash lump sums

1 min Read 07 Dec 2011

Pensions, Tax Mitigation, Investing, Tips, Tax

Money tip #69 - How those nearing retirement could bag themselves a quick guaranteed 20% investment return thanks to the tax man

1 min Read 21 May 2010

Following my posts Money tip #67 – Make pension contributions on behalf of your spouse and children and get tax relief even though they don’t pay tax! and Money tip#68 – How you could be entitled to take your entire pension fund as a one-off cash lump sum they lead on to...

Pensions, Tax Mitigation, Investing, Tips, Tax

Money tip#68 - How you could be entitled to take your entire pension fund as a one-off cash lump sum

2 min Read 20 May 2010

(Article updated 6th December 2011) Under current UK pensions legislation your pension fund ultimately has to provide you with a retirement income. Alternatively, it is possible to take a small slice of your fund as a tax-free lump sum (usually 25%) while the balance is used to purchase an income....

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