Pension freedom withdrawals cut through £10bn barrier

Average amount accessed per person continues to fall

clock • 1 min read

More than £10bn has been accessed flexibly since the introduction of pension freedom in 2015, the latest HM Revenue & Customs statistics have shown.

A total £1.59bn was flexibly withdrawn in Q1 2017, the most in any quarter since Q2 2016 and the second-highest figure seen. More than 390,000 flexible payments were made in the quarter. The fir...

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