{"id":11514,"date":"2016-04-27T21:12:34","date_gmt":"2016-04-27T14:12:34","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/quarter-of-a-million-savers-take-advantage-of-pension-freedom\/"},"modified":"2016-04-27T21:25:04","modified_gmt":"2016-04-27T14:25:04","slug":"quarter-of-a-million-savers-take-advantage-of-pension-freedom","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/quarter-of-a-million-savers-take-advantage-of-pension-freedom\/","title":{"rendered":"Quarter of a million savers take advantage of pension freedom"},"content":{"rendered":"


\nHMRC says amount of money withdrawn from pension pots in the year since the new rules has dropped to \u00a3820m from \u00a31.5bnSavers have withdrawn at least \u00a34.35bn from pensions in the year since new flexibilities were launched, official figures show. Data from HMRC shows that 232,000 people have taken advantage of changes to the pension rules, which were introduced in April 2015. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Quarter of a million savers take advantage of pension freedom<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HMRC says amount of money withdrawn from pension pots in the year since the new...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-11514","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2ZI","jetpack-related-posts":[{"id":5324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-the-10-point-action-plan-to-take-advantage-of-the-new-rules\/","url_meta":{"origin":11514,"position":0},"title":"Pensions: the 10-point action plan to take advantage of the new rules","date":"January 5, 2015","format":false,"excerpt":"\r You don\u2019t have to be on the point of retirement to be thinking about how you will survive once you stop workNext April will see the biggest, and most popular, reform to pensions in more than a generation. Any requirement to buy an annuity \u2013 much hated because of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21256,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-freedom-withdrawals-accelerate-to-top-6bn\/","url_meta":{"origin":11514,"position":1},"title":"Pension freedom withdrawals accelerate to top \u00a36bn","date":"July 29, 2016","format":false,"excerpt":"\r More than 770,000 over-55s have taken an average of \u00a311,000 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-withdraw-6bn-from-retirement-funds-after-pension-reforms\/","url_meta":{"origin":11514,"position":2},"title":"Savers withdraw \u00a36bn from retirement funds after pension reforms","date":"March 28, 2016","format":false,"excerpt":"\r Total amount that British over-55s have taken out of pensions since shakeup is lower than some commentators predictedSavers have withdrawn almost \u00a36bn from their retirement funds after the introduction of pension reforms last year.New industry figures show that just over 213,000 cash lump sum payments totalling \u00a33bn were made\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shocking-disparity-in-pension-income-revealed-by-latest-hmrc-data\/","url_meta":{"origin":11514,"position":3},"title":"'Shocking' disparity in pension income revealed by latest HMRC data","date":"April 2, 2018","format":false,"excerpt":"\r Pensioners in one central London local authority receive three times as much as those in StokeThe average pensioner living within London\u2019s Square Mile enjoys an income that is three times bigger than their counterpart in Stoke-on-Trent, according to a new analysis of government data that reveals \u201cshocking\u201d differences across\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9194,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/british-savers-response-to-pension-freedom-carry-on-as-before\/","url_meta":{"origin":11514,"position":4},"title":"British savers response to pension freedom? Carry on as before","date":"March 26, 2016","format":false,"excerpt":"\r Last year the over 55s were given the freedom to use their savings however they liked. Some opted for property, others for stocks \u2013 we look at how they all faredOn 6 April last year the shackles were taken off Britain\u2019s savers. No longer would they be required to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14914,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-took-some-money-from-a-pension-pot-and-have-now-been-sent-a-ridiculously-high-tax-code\/","url_meta":{"origin":11514,"position":5},"title":"I took some money from a pension pot and have now been sent a ridiculously high tax code","date":"May 31, 2016","format":false,"excerpt":"\r HMRC has estimated my income tax is \u00a3291,072 \u2013 more than ten times what I\u00a0actually payI am on a modest university pension (\u00a325,555) and do a bit of freelance work (perhaps worth \u00a34,000), while this April I\u00a0took \u00a312,500 out of a small additional pension pot. This morning I received\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11514"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=11514"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11514\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=11514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=11514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=11514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}