Number of people withdrawing from pensions up 6% in Q3 - HMRC data

But amount of money withdrawn down

Sophie King
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HMRC reported an increase in the amount of people withdrawing from their pension.
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HMRC reported an increase in the amount of people withdrawing from their pension.

The number of people withdrawing from their pensions has increased by six percent in the period from July through to September this year compared to 2019, data from HM Revenue & Customs has shown.

In 2020, 347,000 individuals withdrew funds from their pensions between July and September, a 6% increase from the 327,000 who withdrew during the same period last year. However, the amount withdrawn...

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