£9.2bn withdrawn from pension pots since Freedom and Choice

Stephanie Baxter
clock • 2 min read

Flexible payments from pension rose to £5.7bn in 2016 as people increasingly sought to take advantage of the freedoms, according to HM Revenue and Customs' (HMRC) figures.

The total amount taken out has reached £9.2bn since Freedom and Choice came into force in April 2015. The figures are based on flexible pension payments reported to HMRC. They reveal that the la...

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