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, ...

Subscribe to Merryn Talks Money on Apple Podcasts Subscribe to Merryn Talks Money on Spotify In this week’s personal finance edition of Merryn Talks Money, hosts Merryn Somerset Webb and John Stepek ...

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

Pensions tax is never simple, and the legislation abolishing the lifetime allowance (LTA) on 6 April 2024 (“L-Day”) bears this out. Regulations issued mid-March correct some, but by no means all, of ...

The pension flexibilities introduced in April are having a dramatic impact on the behaviour of retirees. Many people are already opting to take greater control of their retirement finances by choosing ...

Private pension access is being nudged back to 57, but what hurts is knowing some people will miss the old line by days and ...

Thirty-two per cent of people in drawdown do not have any investment experience, yet two in five of them have not received advice or guidance, according to a recent report that urges the introduction ...

Sipps give you control over your pension investments. The best Sipp provider will be low-cost, while offering what you need to reach your goals. See our top picks.

Capital at risk. All investments carry a varying degree of risk and it’s important you understand the nature of the risks involved. The value of your investments can go down as well as up and you may ...

New rules coming in overhaul how the UK assesses inheritance tax liability, pulling pension wealth into the inheritance tax ...

Savers received record average tax refunds of £3,560 each in the second quarter of 2020 after being overtaxed on withdrawals from their pensions. Total refunds since the pension freedom reforms of ...