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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![Charles Counsel: "Savers [could] rush into decisions about their pensions."](/api/v1/wps/b38b558/25d86cc7-92c7-4352-8653-282bb2137e98/6/counsell-charles-tpr-230x142.jpg "Charles Counsel: \"Savers [could] rush into decisions about their pensions.\"")
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