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I’ve just taken £10,000 out of my SIPP (my first withdrawal) to pay for a new car. I expected a quarter of the withdrawal to be tax-free, with the rest taxed in the same way as income. As a basic-rate taxpayer ...

If I had £100,000 invested in various investment trusts, income funds and shares and wanted to go into drawdown, how would I go about this? Could I draw down £10,000 a year so that in any one year I have £2,500 ...

How are state pension and lifetime allowance annual increases decided? Colin Both the state pension and the lifetime allowance – the total amount you can save tax-free in a pension – have been subject to ...

I am 58 years old and gave up full-time employment at the age of 53 to pursue my own interests. I have three separate pension pots of £30,000, £100,000 and £200,000 from previous employments and to date I have not ...

I often read experts giving their ‘top tips’ for pension saving and drawdown, but what are the things I should avoid doing with my retirement pot? I’m thinking mainly about drawdown as I’m approaching my 60th ...

I am a small business owner with a SIPP worth just under £300,000. I’m currently looking to expand into larger premises and was told I can potentially use some or all of my fund to buy commercial property. What are ...

I’m 58 and concerned about the impact a general election and change of government could have on my finances. Are we likely to see any big changes to the pension rules and is there anything I can do to protect ...

I understand that you can defer taking the state pension and wondered whether or not it would be financially sensible to do so. I’m 60 now so due to receive my state pension at age 66 (assuming the Government ...

I understand the amount you can pay into a pension and qualify for tax relief is limited to £40,000 or your taxable income, whichever is lower.  But what is deemed taxable income? I have no earned income whatsoever ...

I’m 57 and currently have my SIPP invested mainly in equities. I plan to start taking an income via drawdown when I turn 65 and so was planning to take a bit less risk from my 60th birthday. However, given everything ...