Pension freedom withdrawals reach record high in Q2

£28bn withdrawn since 2015

Sophie King
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"On the whole the available evidence points to savers acting in a sensible manner" - AJ Bell's Tom Selby
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"On the whole the available evidence points to savers acting in a sensible manner" - AJ Bell's Tom Selby

Savers withdrew £2.75bn from their pensions in the second quarter of 2019 - the greatest amount withdrawn from pension savings in a single quarter.

According to figures from HM Revenue & Customs (HMRC) published on Wednesday (31 July), more than £28bn has been flexibly withdrawn since pension freedoms came into force in April 2015. Some 336,000...

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