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Mon, 10/19/2015 - 10:02am
BING NEWS:
- HMRC warning to state pensioners with £7,500 in savings account
State pensioners have been issued a warning that they could be slapped with an unexpected tax bill from HMRC this year.
09/14/2024 - 3:49 am | View Link - How to stop Labour from taking your pension tax-free lump sum
Pension savers are on alert after Labour warned that “tough decisions” will have to be made in next month’s Budget. Chancellor Rachel Reeves has already stripped the winter fuel allowance from ...
09/13/2024 - 9:00 pm | View Link - ‘I spent my tax-free cash on a £70k motorhome at 55 – I have no regrets’
In this series, Telegraph Money is finding out how people are spending their tax-free lump sums. If you accessed your pension in your 50s, we’d love to hear how you used the money – please email ...
09/13/2024 - 8:00 pm | View Link - Budget 2025: Social welfare recipients to get new once-off payment in October
There is less than three weeks left before the announcement of Budget 2025, with several cost of living supports and social welfare boosts, including two lump sum payments ...
09/13/2024 - 2:24 am | View Link - How to stop Labour taking your tax-free pension lump sum: JEFF PRESTRIDGE
It's the financial equivalent of watching on repeat Wes Craven's 1984 horror film A Nightmare On Elm Street. Labour is gunning for our hard-earned pension funds.
09/12/2024 - 9:13 pm | View Link - More
- Types of Pension Payouts: Lump Sum vs. Monthly
If you have a pension, you’ll likely have to make a decision whether to opt for monthly pension payouts or one lump sum payment. Both options have their pros and cons, and there are several important factors to consider before making your choice.
09/12/2024 - 11:57 pm | View Website - Lump Sum vs. Pension Payment: What's the Difference?
A lump-sum distribution is a one-time payment from a pension administrator. Individuals have access to a large sum of money they can spend or invest. A pension payment annuity is...
09/12/2024 - 10:24 pm | View Website - Lump-Sum vs Monthly Pension Payments: Which Is Better?
If you are taking early retirement and have a choice between monthly pension payments or one lump sum, compare benefits and risks before you decide.
09/12/2024 - 8:29 pm | View Website - How to Avoid Taxes on Lump Sum Pension Payout
However, you can avoid taxes on a lump sum by rolling it over into an individual retirement account (IRA) or another eligible retirement plan. Here’s how to make it happen. A financial advisor can help you lower your taxes by optimizing your investments with a tax plan.
09/12/2024 - 8:08 pm | View Website - Pension Lump Sum or Annuity? How to Decide
The answer to the question, “Should I take a lump sum or an annuity from my pension?” might be: “Yes.” Sometimes it’s best to take the lump sum and use it to buy your own annuity, which is a...
09/12/2024 - 9:23 am | View Website - More
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