Property News · July 29, 2016

Pension freedom withdrawals accelerate to top £6bn


More than 770,000 over-55s have taken an average of £11,000 each out of their pots, raising concern many may run out of cashMore than 770,000 over-55s have taken money out of their pension pots following the new freedoms introduced by George Osborne, according to HMRC figures.The announcement prompted concern that many will run out of cash before they die, after estimates that people taking advantage of flexible access to their pension had taken out an average more than £11,000 each. Continue reading…

Source : theguardian.com
Read more…Pension freedom withdrawals accelerate to top £6bn

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