Q. I have benefits in a final salary pension scheme. I like the sound of the new rules whereby I can draw the fund as a lump sum, as I want to buy a holiday cottage. How do I go about this? A. The new rules offering greater flexibility to draw your fund all at once… Read more »
Q. I am 53, and I have elected for Fixed Protection as my Pension fund is likely to exceed the Lifetime Allowance without the need for any further contributions. What other ways can I save in a tax-efficient manner? A. This is becoming a much more common question for higher earners, as the Lifetime Allowance for pension… Read more »
Q. I am just at the point of retiring and have received a quotation from my pension provider for a pension annuity. It states the pension will be guaranteed for 5 years. I thought a pension was guaranteed for life, can you please explain? A. Most pension annuities are guaranteed for life, (unless you have specifically requested… Read more »
Q. I am one of three trustees of a trust created in my late mother’s will. I have been advised by the solicitor who drew the trust up that I need to consider whether I need to register the trust to satisfy some new rules regarding US taxpayers? What is he referring to, and do… Read more »
Q. I am 59, and I am considering my retirement options. I have built up a personal pension fund of £400,000 and intend to retire from my job this time next year. I hope to carry on working after retirement, and have heard about the new flexible retirement rules which I might be able to… Read more »
