A lump sum payment is a one-time, usually large, payment made to an individual. This can come in the form of an inheritance, legal settlement, or lottery win. The recipient of a lump sum payment gains ...

A six figure nest egg can feel substantial, but when you turn it into guaranteed income, the real question is how much shows ...

An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment. However, ...

The big NPS decision is not just how much you withdraw, but what kind of monthly income you are locking in for years.

When it comes to planning for retirement, figuring out how to create a steady income stream can be a daunting task. Many people spend decades building up savings in individual retirement accounts ...

Buying gilts (government debt) is another alternative to interest-bearing deposit accounts. Older gilts pay very low coupons ...

Brittany Brown is a full-time copywriter writing covering real estate and personal finance topics like budgeting, investing, credit cards, and more. She is currently working to become an accredited ...

A reader is concerned about the future of the tax-free lump sum, which was subject to speculation at the Budget ...

This article will explain the rule changes in clear terms and highlight the key operational and tax points you should ...