If you’ve reached state pension age you can defer taking it, say, until you stop working. This will entitle you to a higher regular pension or a lump sum payment. You can also use deferral to obtain
a tax saving. How does this work?
Published 11.06.2013
You’ve heard on the grapevine that by taking your personal pension earlier than planned there are a couple of ways you can dodge some of the new higher taxes that come in force from April 6. Is this
true and, if so, how does it work?
Published 09.03.2010
Recycling (reinvesting) your pension lump sum is a simple way to boost the value of your retirement nest egg, but it’s subject to limits which were reduced in April. So how do you now maximise the
recycling tax break?
Published 29.11.2012
A friend has told you that as he’s 50 he can take a tax-free lump sum from his pension fund before the rules change next April. He says he’ll plough it straight back into a pension to get extra tax
relief. This sounds too good to be true; is it?
Published 10.07.2009
Our subscriber’s father died a few years ago leaving his pension savings to his wife. She recently passed away and now our subscriber is the beneficiary of her pension savings plus those of her
father. What tax will she have to pay on these?
Published 19.05.2022
If you’ve drawn any of your pension savings, HMRC’s anti-avoidance rules might already apply to you. If so, how can you work within them but still gain a tax advantage?
Published 13.11.2018
You want to use some of your pension savings for a one-off expense, but you’ve been told that this can result in tax relief on future contributions being capped. Is there a way to receive the money,
but avoid the tax relief trap?
Published 28.04.2017
You’ve reached the age when you can access your pension savings. Your financial advisor has explained the options available to you, but how much tax will you have to pay on each one?
Published 14.11.2022
From 6 April 2015 the new flexi-pension rules will allow those who subsequently reach 55 to draw as much or as little of their pension fund as they want. But where do you stand if you intend to take
your pension before then?
Published 09.09.2014
In 2015 more flexible ways to access pension savings were introduced. The two most popular options are pension tax-free cash with drawdown and uncrystallised fund pension lump sums. Is one more tax
efficient than the other?
Published 18.09.2017