What does our 2024 research reveal as the highest safe withdrawal rate? For many investors, 4% has traditionally been seen as the ideal retirement withdrawal rate. However, Morningstar researchers ...

The National Pension Commission has disclosed that 23,673 disengaged workers withdrew a total of N33.43bn from their Retirement Savings Accounts in the third quarter of 2024. The withdrawals ...

An HM Revenue & Customs (HMRC) system that over-taxed pensioners who took their pension money out following the introduction of pension freedoms has been overhauled after a ten-year campaign. The HMRC ...

The way HM Revenue & Customs (HMRC) taxes pension withdrawals is finally being overhauled ten years after over-taxation issues were first raised by the industry. Pensioners have been over-taxed by ...

National Pension System (NPS): A government-backed scheme that invests in equity and debt markets. It allows partial withdrawals and offers tax benefits under Section 80CCD. 2. Public Provident ...

Thousands of retirees are overtaxed on their pension withdrawals every year, and must try to get a refund from HMRC. A massive £1.37 billion has been reclaimed by people overtaxed on pension ...

Pension savings are in "the line of fire", it has been warned, after an overhaul to the Department for Work and Pensions ( DWP) from the new Labour Party government. Torsten Bell, former head of the ...

There will be a proportionate reduction if there is less than 25 years of qualifying service or missing contributions. Under the framework, subscribers can withdraw up to 60% of the individual corpus ...

NICO Pension, a leading provider of retirement solutions in the country, has launched a groundbreaking ‘Innovative Programmed Withdrawal Product’ which has been designed in order to provide ...