• Home
  • Investment
    • Multi-asset
    • DFM & Model portfolios
    • Platforms
    • Ratings, Research & Risk
    • Tax-efficient investing
    • Markets
    • Companies
  • Retirement
    • Pensions
    • Income
    • Investment
    • Regulation
    • Estate planning
    • Equity release
  • Your profession
    • Adviser tips
    • Business models
    • Companies
    • People
  • Regulation
  • Tax planning
  • Protection
  • Technology
  • Smarter Business
  • Events
  • Whitepapers
  • Industry blogs
  • Newsletters
  • Multi-Asset Review
  • ESG
  • Sign in
  •  
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
     
    •  

      Personalise your on site experience

      Download and use the apps

      Access your subscription from outside of the office

      Get relevant news and insight straight to your inbox

      Sign in
     
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
    • YouTube
  • Register
  • Events
    • Upcoming events
      event logo
      Professional Adviser Working Lunches 2021

      A series of invitation only "meet the manager" virtual lunches to discuss how a multi-asset strategy can benefit your clients and your business.

      • Date: 14 Apr 2021
      • ONLINE, ONLINE
      event logo
      Professional Adviser ESG Masterclass 2021

      Professional Adviser is excited to launch the new ESG Masterclass, taking place live online from 28th - 29th April 2021. Delegates attending this event will benefit from thought-provoking presentations, informative Q&A sessions and structured CPD hours.

      • Date: 28 Apr 2021
      • Live Online, Live Online
      event logo
      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      event logo
      Professional Adviser 360 Conference 2021

      A comprehensive 360-degree view of financial advice underpins PA360 Conference. With an unmissable line-up of dynamic speakers ranged across three streams focusing on what matters most to advisers PA360 will inform, educate and inspire, allowing delegates to meet new service providers and professional partners, and provide invaluable networking opportunities.

      • Date: 07 Oct 2021
      • The Brewery, London
      View all events
      Follow our events

      Sign up to receive email alerts about our events

      Sign up

  • Whitepapers
    • Find whitepapers
      Search by title or subject area
      View all whitepapers
  • Industry blogs
  • Multi-Asset Review
  • ESG
Professional Adviser
Professional Adviser
  • Home
  • Investment
  • Retirement
  • Your profession
  • Regulation
  • Tax planning
  • Protection
  • Technology
  • Smarter Business
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
 
  •  

    Personalise your on site experience

    Download and use the apps

    Access your subscription from outside of the office

    Get relevant news and insight straight to your inbox

    Sign in
 
  • Trending now
  • Nominations open for WIFA 2021
  • Mattioli Woods in £4m acquisition
  • Young British Steel client
  • Pensions

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

But amount of money withdrawn down

HMRC reported an increase in the amount of people withdrawing from their pension.
HMRC reported an increase in the amount of people withdrawing from their pension.
  • Sophie King
  • Sophie King
  • 30 October 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
0 Comments

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...

Sign In

Export Load
Forgot your password?

For assistance please contact our customer service team.

 

Tel: +44 (0)1858 438 427

Email: [email protected]

 

To read this story please register

PA is dedicated to championing professional advisers. It helps you build your business, service clients and generate sustainable income.

PA offers:

  • REAL-TIME NEWS & ANALYSIS: find out what’s happening in the profession right now and why
  • MULTI-ASSET: discover the latest trends in multi-asset
  • FUTURE OF ADVICE: helping you shape your strategy with the latest expert opinion and case studies
  • TECHNOLOGY: learn about the latest solutions, with case studies and the views of experts such as Adam Higgs

Register now

More on Pensions

Pensions dashboard issues digital design tender in 'significant milestone'
Pensions dashboard issues digital design tender in 'significant milestone'

Run by Money and Pensions Service

  • Pensions
  • 13 April 2021
At the time, he says the British Steel pension scheme was renowned for being a good, strong scheme and as a local boy himself, he knew he would be set up when he eventually retired.
One of the youngest British Steel victims: 24-year-old tells transfer tale

Transferred £50,000

  • Pensions
  • 09 April 2021
Hard-hit NHS staff: Advisers look to new tax year challenges
Hard-hit NHS staff: Advisers discuss new tax year challenges

Budget consequences

  • Tax Planning
  • 07 April 2021
   An “intrinsically biased” pension system, the gender pay gap, and the disadvantage caused to women’s savings by career breaks is continuing to cause “stark gender disparity” in retirement wealth, Barnett Waddingham says.
'Intrinsic bias' in DC pension system drives wedge into savings disparity

'Stark gender disparity'

  • Pensions
  • 31 March 2021
Reports in late February suggested that the nation's inoculation drive could be extended to people aged as young as 40 within a few weeks.
Christine Hallett: Pandemic raises big questions on DB pension benefits

Post-pandemic DB pensions

  • Pensions
  • 30 March 2021
Back to Top

More news

The perfect personality for a financial adviser
  • Your profession
The perfect personality for a financial adviser

Some traits are bigger earners

  • 13 April 2021
Ex-Aberdeen Standard co-founder Martin Gilbert in feud with company over AssetCo shares - reports
  • Investment
Ex-Aberdeen Standard co-founder Martin Gilbert in feud with company over AssetCo shares - reports

Left SLA in 2020

  • 13 April 2021
Lee Fisher: Choosing a CIP is a marathon not a sprint
  • Multi-Asset
Lee Fisher: Choosing a CIP is a marathon not a sprint

Four criteria

  • 13 April 2021
Catfish blocked: Adviser spots romance scam after client asked to print off 'US marriage contract'
  • Your profession
Catfish blocked: Adviser spots romance scam after client asked to print off 'US marriage contract'

£3.5k lost

  • 13 April 2021
Pensions dashboard issues digital design tender in 'significant milestone'
  • Pensions
Pensions dashboard issues digital design tender in 'significant milestone'

Run by Money and Pensions Service

  • 13 April 2021
  • About Us
  • Contact Us
  • Marketing solutions
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters
  • YouTube

Incisive Footer Logo

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading