When companies offer a pension, it’s common to give retirees two options: collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time ...

Many cash-balance plans offer a lump-sum payment only, so you may not have a choice. If you do have a choice, there's no one easy answer. Monthly payments: If you opt for a monthly payout - known ...

Employer-sponsored pension plans have become an endangered species, but it wasn’t always this way. Back in the mid-1970s, nearly 90% of workers in the private sector who had access to an ...

His Majesty's Revenue and Customs (HMRC) has updated its international manual, providing guidance on the tax treatment of lump sum pension payments in accordance with the UK's double tax ...

I began this article by suggesting that the decision to take a pension annuity payment over an available lump sum option often rests on which option provides the greatest income. But when you add ...