making that taxing decision

The strategy to employ on taking a pension is far from straightforward, and will in many cases involve potentially irreversible decisions that may last a lifetime, including: • the age at which to take retirement; • whether to continue working part time; • whether to take a social security contribution holiday or make extended contributions; • whether to accelerate or extend social security retirement; • whether to commute typically 25% of a defined benefits or defined contribution scheme; • what to do with any lump sum from a commuted pension; • whether and when to take an an...