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.
JUDY WOODRUFF: Oil prices dropped again yesterday, this time approaching $70 a barrel after the OPEC cartel decided not to cut production levels.The decision comes after pressure had built among some OPEC members for a cut. Output keeps growing in the U.S. and elsewhere. lot of our new oil, the shale oil and the oil from other type of formations that you hear so much about, actually is a little bit expensive relative to the world market. So if you look at where prices have gone, at least some of it is likely to stop.