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.
saudi billionaire businessman prince alwaleed bin talal told me we will not see $ 100 a barrel oil again the plunge in oil prices has been one of the biggest stories of the yearand while cheap gasoline is good for consumers the negative impact of a 50 % decline in oil has been wide and deep especially for major oil producers such as saudi arabia and russia if supply stays where it is and demand remains weak you better believe it is gonna go down more but if some supply is taken off the market and there s some growth in demand prices may go up but i m sure we re never going to see $ 100 anymore i said a year ago the price of oil above $ 100 is artificial