A Canadian couple celebrating a milestone anniversary received the best gift ever: a life-changing lottery win.

A fifth of people who withdraw a cash lump sum from their pension pot do so at the age of 55 but do not have a full understanding of the financial implications. Research by Legal & General ...

We explain everything you need to know about the 25% pension tax-free cash, including some pros and cons of when to take it. Hint: the longer you leave it, the bigger the tax-free lump sum you ...

For many individuals, receiving a lump sum is a key turning point in their lives.. When markets are uncertain, as they are today, it can be difficult to know when to put the resulting cash windfall to ...

The lump sum seems obvious to many people. You get more money, right now, right? Who wants to win big and then get little checks every year? But you don't get as much that way. For the current ...

On the plus side, the lump sum option provides maximum flexibility, since you can decide how much to withdraw and when. Depending on how you invest, you money could grow at a rate that allows you ...