Savers withdraw £4.4bn in first year of freedoms

Kristian Brunt-Seymour
clock • 2 min read

A quarter of a million people have taken advantage of freedom and choice since the reforms came into effect last April, according to official figures.

HM Revenue & Customs (HMRC) data on pension payments made from the April 2015 until March 2016 showed £4.35bn was paid out in 516,000 cash lump sum payments taken out by 232,000 pensioners. Thos...

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Kristian Brunt-Seymour
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