Official forecasters baffled by continuous pension freedom tax revenues

£400m added in tax revenues

"The government needs to do much more to understand how pension freedoms are being used to make sure that the regulatory regime remains appropriate" - LCP's Steve Webb.
"The government needs to do much more to understand how pension freedoms are being used to make sure that the regulatory regime remains appropriate" - LCP's Steve Webb.
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Pension freedoms are as popular as ever, with those who first took advantage of the freedoms in 2015 still withdrawing funds at a consistent rate, according to data from the Office for Budget Responsibility (OBR).

The OBR said it expected withdrawals from those who initially took advantage of the freedoms to have "diminished by this stage". So far the policy has generated more tax revenue than was first expected....

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