Pension schemes which allow members to designate defined contribution (DC) funds for drawdown may need to amend their scheme rules, following an update to HMRC’s Pensions Tax Manual. On 26 March 2025, ...

Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. If you’re ...

Talking Head: One of the first acts of the coalition government in 2010 was to reform the pension drawdown rules. The regime in place was essentially a grudging concession to those who objected to ...

‘Pensions freedom’ as announced in the Budget provides defined contribution members with full flexibility and choice over their retirement income from next April. All schemes must offer flexibility to ...

According to official figures, nearly 90% of eligible UK employees, about 20.4 million people, have access to a workplace ...

The rule is intended to make pension planning easier to understand.

Your annual allowance is the most you can save in your pension pots in a tax year (6 April to 5 April) before you have to pay tax.

Pensioners are increasingly pulling all of their retirement funds out in one go, facing the risk of high tax bills and ...