Article preview: During these challenging financial times, to what extent have pension savers been raiding pension pots? The latest flexible pension withdrawal figures from HM Revenue & Customs suggest that pensions have not, to date, been the target of raids to help shore up household income. Marking the fifth anniversary of the pension freedoms which allowed for flexible withdrawals, the data shows 348,000 people withdrew a total of £2.5bn in flexible payments from their pension pots in the first quarter.
Flexible pension withdrawals surge to record levels
This 360-word blog post looks at the latest flexible pension withdrawal figures from HM Revenue & Customs. Written on 30th April 2020.
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