After deferring your state pension for a few years you have decided that it’s now time to take it. You have the option of a higher pension or a lump sum. The latter offers the chance of some tax planning but what’s involved? Kevin Ferguson advises. Deferred state pension As you may know, the government...

A huge change in the way people fund their retirement is expected following the Chancellor’s well reported ‘pension revolution’. From 5th April this year, millions of people reaching retirement age will be able to spend their pension pot in any way they want. The move will remove the requirement on many people with defined contribution...