lump sum
Think tank urges government to cap tax-free lump sums at £40,000
Capping the pension tax-free lump sum at £40,000 would raise £2bn a year for the government, new research by the Resolution Foundation suggests.
NAO concludes probe into govt failures over police and firefighters' pensions
The National Audit Office has published its report into government failures to provide appropriately valued lump sums for some 34,000 police and firefighters - leaving some members waiting 15 years for their full entitlement.