News

Icon for www.msn.comMSN · 19d

Is a $500,000 Lump Sum or $3,500 Monthly Pension the Better Deal?

In that case, a wisely invested lump sum could offer a better chance of keeping up with inflation. Some pensions have inflation protection, however, and that changes the balance. If this one has a ...
Icon for www.msn.comThe Telegraph on MSN.com · Sep 22, 2024

What is the pension tax-free lump sum, and how to take it

However, such changes are likely to prove unpopular ... What is the tax-free lump sum drawdown for pensions? With a tax-free lump sum drawdown, you can withdraw 25pc of your pension pot tax ...
The Covington News · 13h

HARRIS: New law raises Social Security income for some

Until recently, if you received a pension from a job that did not pay into Social Security and you’ve also worked in a job that did, your Social Security benefits at retirement were reduced based on your pension income.
Icon for finance.yahoo.comYahoo Finance · 23d

Which Is Better: A $150,000 Lump Sum or $1,200 Monthly Pension Payments?

collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time are the format that most people associate with pensions. However ...
Icon for www.investopedia.comInvestopedia · Mar 23, 2016

Lump Sum vs. Pension Payment: What's the Difference?

Those who are approaching retirement and who are eligible for a pension often weigh the choice between accepting the traditional, lifetime monthly payments or taking a lump-sum distribution.
Icon for www.kiplinger.comKiplinger · Sep 1, 2015

Should I Take the Lump Sum on My Pension?

Q: I’m 53, and many years ago I worked for a company that is scheduled to start paying me a pension when I’m 65. This company just now contacted me and offered to give me a lump sum today ...
Civil Service World · 13d

Minister declares Civil Service Pension Scheme delays ‘sorted’

Georgia Gould blames fallout from McCloud judgment for processing issues but says MyCSP is now hitting its service-level agreements
Icon for finance.yahoo.comYahoo Finance · 8d

Is a $48,000 Lump Sum or $462 Monthly Annuity the Better Pension Option?

“There are a number of important points to evaluate before choosing either a lump sum or annuity payment,” Jeremy L. Suschak of DBR & Co. told SmartAsset. “First, the owner of the pension ...
Icon for news.sky.comSky · Oct 9, 2024

Money blog: 'My wife just lost her job - can we hide her redundancy from our mortgage provider?'

Money regular David Hollingworth, associate director at L&C Mortgages, says: "There will be a requirement for the applicant to let the lender know that there's been a change in their financial ...
Icon for www.ubs.comUBS · Sep 19, 2020

To get a pension or to get a lump-sum payment, that is the question!

Lump sum or pension: What did the Bauer couple decide ... This allows you to adapt to personal life changes in time. UBS pension planning will support you on this path with long-standing experience and competence.
Republic World · Apr 1, 2025

Unified Pension Scheme: What’s New from April 2025?

These changes come into effect on April 1, 2025. New recruits will need to adopt the UPS within 30 days of joining.
Icon for menafn.comMena FN · 3d

Most Swiss Withdraw Pensions As Lump Sum

(MENAFN- Swissinfo) For the first time, most Swiss residents favour withdrawing their pension pot as a lump-sum over regular annuity payments. This content was published on May 2, 2025 - 14:29 3 ...
Icon for www.moneymarketing.co.ukMoney Marketing · 24d

Rachel Vahey: What have pension freedoms ever done for us?

But even against this background of constant change, April 2015 stands out ... A further 8% used uncrystallised funds pension lump sum (UFPLS) payments, the new form of taxable lump sum payments ...
Icon for www.irishtimes.comThe Irish Times · 26d

I want to work part-time after I’m 65 but I’ve been warned it’ll hurt my pension

I would like to change to a jobshare in the same role ... “Whichever route you take post-65, you will get a larger retirement lump sum and pension by job-sharing to 68 or 70 than if you retired ...
Pensions Age · 12d

Civil Service Pension Scheme delays following McCloud resolved, govt says

The government has suggested that recent delays in formal civil servants receiving their occupational pensions as a result of the McCloud fallout have now been resolved, with the My Civil Service Pens
Icon for www.timesfreepress.comChattanooga Times Free Press · 14d

Erlanger pension fund declared healthy, ready for lump sum payments

Lump sum pension payouts have returned to Erlanger hospital, officials announced Tuesday — almost five years after the option was suspended in September 2020. The board of the Chattanooga ...
Icon for www.thestreet.comTheStreet.com · Aug 31, 2023

HSAs and Medicare: Part 2 — Can I Make a Lump Sum Contribution Before Enrolling?

In Part 2 of a 3 part series, expert Marcia Mantell answers a question about specific rules for HSA contributions in the year of the 65th birthday. The last article looked only at making monthly ...
Icon for www.aol.co.ukAOL.co.uk · Mar 28, 2025

Should I withdraw a lump sum from my pension, what are the taxes and what are the alternatives?

Taking a lump sum from your pension can be a fantastic way to pay off your mortgage, help out the kids or boost your savings. But understanding the rules is crucial if you want to make the most of ...
Icon for www.asahi.com朝日新聞社 · Nov 12, 2024

Japan mulls revising pension payments for foreign workers

In making these changes, the ministry ... said that a total of 96,727 lump-sum withdrawal payments were approved in fiscal 2021 under the national pension and employee pension plans.
Icon for www.financialexpress.comThe Financial Express · 19d

Big relief for EPS pensioners: Kerala High Court says EPFO cannot deny higher pension to members due to

However, the retirement fund body denied these employees higher pension, stating that during some months between 2004 and 2008, the contributions were made in lump sum and not on a monthly basis.
Icon for money.cnn.comCNN · Oct 22, 2013

I'm required to take a lump sum, but I want monthly income. What can I do?

You can roll the lump sum into an IRA, then use a portion of ... that you would have with the lifetime annuity option on a pension. The advantage to this arrangement is that you get the security ...
Daily Express · 6d

HMRC makes major pension change for instant money off your tax bill

HMRC has introduced a new, streamlined way to get instant money back off your tax bill for the year, especially useful if you're just over a tax band.
This is Money on MSN.com · 7d

TONY HETHERINGTON: My pension and lump sum were hacked back... just as I retired

It told me to expect a lump sum of £146,000 and an annual pension of £22,198. However, the lump sum I ended up receiving was about £5,000 less and my annual pension was only £21,685.
Icon for www.thisismoney.co.ukThis is Money · 7d

TONY HETHERINGTON: My pension and lump sum were hacked back... just as I retired

It first told you that your pension lump sum was £146,547 ... the trustees are undertaking a review of WTW's processes, and changes will be made with the aim of preventing similar errors in ...
Icon for www.consumerreports.orgConsumer Reports · Dec 4, 2024

Your best pension payout options

So why do so many employees who still have such pensions pass up those monthly checks and opt for a lump-sum instead when offered a choice? We can only speculate on people's reasons, but we do ...