Taking a lump sum from your state pension. If you defer taking your state pension, you can earn either extra state pension or a taxable lump sum. To get a lump sum, you have to put off taking state pension for at least 12 consecutive months (this option will disappear after April 2016).aking a lump sum from your workplace pension. Lump sums from workplace pensions are tax-free. The maximum you can take is 25% of your potâs value, at age 55 (but this can be earlier if youâre suffering from ill health).
Oil price falls below $50 as U.S. supplies hit record. Crude oil prices dipped below $50 for the first time since December as a global glut persists despite production cuts by oil-exporting nations. Domestic commercial crude supplies have risen nine straight weeks.
That's why oil prices abroad are elevated and why gasoline, which is pegged to oil prices, are so high.. The EIA expects crude oil prices to fall this year, which should keep a lid on gas prices.hat's why oil prices abroad are elevated and why gasoline, which is pegged to oil prices, are so high.. The EIA expects crude oil prices to fall this year, which should keep a lid on gas prices.