Early pension lump sum withdrawals rise as potential tax changes spark regrets – Rathbones
The firm’s research found a surge in lump sum withdrawals as speculation increased that Chancellor Rachel Reeves may cut the 25% tax-free allowance.
Gen Z may need over £3m for a comfortable retirement, Rathbones warns
Based on Pensions and Lifetime Savings Association (PLSA) standards for a “comfortable” lifestyle, Rathbones calculated that a single 25-year-old would need £3.1m by age 65 to fund 25 years of retirement.
Early 50s workers face losing nearly £18,000 if state pension age rises sooner – Rathbones
If the change is brought forward so people have to wait until 68 between 2039 and 2041, workers aged 51, 52 and 53 could lose a year’s worth of state pension.
