Any UK resident under 75 can open one, irrespective of whether they also have a workplace or other private pension scheme.

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, ...

In our weekly series, readers can email any question about their finances, to be answered by our expert, Rosie Hooper. Rosie is a chartered financial planner at Quilter Cheviot Financial Planning and ...

Millions of pension savers risk surrendering thousands of pounds to tax unnecessarily as confusion surrounding retirement ...

Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. To help savers work out where they stand, we’ve gathered data from the UK government and ...

For generations, pensions have been regarded as the gold standard of retirement security, offering guaranteed income you can count on for life. However, funding gaps, longer life expectancies and ...

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 ...

Andrew King from Evelyn Partners exposes some of the myths surrounding tax-free lump sums ...

A decade ago, pension savers were granted a new right: to take cash out of their pension pots however they pleased from age 55. Dubbed “pension freedoms”, the new rules came into effect on 6 April, ...