Income Tax Department’s AI Keeps A Close Watch, When High Bank Balances Reveal More Than They Should

New Delhi: If your savings account maintains a high balance despite low expenses, the Income Tax Department may ask you to ...

Rachel Reeves told her 'sums don't add up' as Chancellor plots income tax hike

Nigel Green described Ms Reeves' first Budget as "one of the toughest in years," warning it has left the Chancellor with ...

Alabama to Wyoming: How all 50 states tax retirees and income — updated for 2026

Explore our complete guide to how every state taxes retirement income — including pensions, IRA and 401(k) withdrawals, and ...
Fidelity International

How to make the right decision on taking pension tax-free cash

Get all the latest news, views and opinions from Fidelity’s savings and investment experts on saving and investing for your ...
Hosted on MSN

Pension planning: The tax pros and cons of lump sums versus annuities

When deciding how to receive your pension benefits, you face a choice between a lump sum and an annuity. Each option carries distinct tax implications that can affect your financial situation. A lump ...
AOL

Should I withdraw a lump sum from my pension, what are the taxes and what are the alternatives?

Taking a lump sum from your pension can be a fantastic way to pay off your mortgage, help out the kids or boost your savings. But understanding the rules is crucial if you want to make the most of ...