Pension lump sum myths busted amid rule change speculation | Money newsletter

Friday, 7 August 2026 11:31

If you're accessing your pension for the first time, you might be finding the rules around tax-free lump sums confusing.

You can usually take a maximum of 25% - up to £268,275. But rumours about this changing in the future have caused some experts to warn retirees are making "panicked decisions" unnecessarily.

In next week's Money newsletter we'll clear things up and bust some common myths.

Also next week: 'What on earth is a bus gate? It cost me £35'

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