Average pension freedom withdrawals at record lows
Savers behaving responsibly
Average pension freedom withdrawals hit a record low of £6,820 between October and December last year – a drop of almost 40% since April 2016, latest official figures show.
Statistics from HM Revenue & Customs (HMRC) revealed 327,000 people made 828,000 withdrawals totalling £.23bn in the last three months of 2019. Average withdrawals and payments were at record lows,...
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