Property News · September 17, 2015

Hundreds of thousands withdraw cash from pension pots after rules relaxation


More than 200,000 have taken out cash since George Osborne introduced reforms in April, while the sale of annuities has plummetedMore than 200,000 people have emptied their pension pot or withdrawn cash from it after the relaxation of rules on accessing retirement savings this year.The first comprehensive independent analysis shows that 204,581 people have taken advantage of the pension freedoms bought in by George Osborne on 6 April that give those aged over 55 unfettered access to their money for the first time. Continue reading…

Source : theguardian.com
Read more…Hundreds of thousands withdraw cash from pension pots after rules relaxation

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