{"id":16064,"date":"2016-06-10T06:01:06","date_gmt":"2016-06-09T23:01:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-paying-up-to-10-to-cash-in-pension-pots\/"},"modified":"2016-06-10T06:12:06","modified_gmt":"2016-06-09T23:12:06","slug":"savers-paying-up-to-10-to-cash-in-pension-pots","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-paying-up-to-10-to-cash-in-pension-pots\/","title":{"rendered":"Savers 'paying up to 10%' to cash in pension pots"},"content":{"rendered":"


\nCitizens Advice says 41% of people who want to access their cash are charged a fee, and those with smallest pots hit hardestAbout 160,000 people have had to pay fees to access their pensions since new freedoms were introduced, with some seeing more than 10% of their retirement pot swallowed up by charges, according to a report.The study by Citizens Advice said that those with smaller pots were the group hit the hardest. Continue reading…
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\nSource : theguardian.com
\nRead more…Savers ‘paying up to 10%’ to cash in pension pots<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Citizens Advice says 41% of people who want to access their cash are charged a...<\/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-16064","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\/p75ss1-4b6","jetpack-related-posts":[{"id":1032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-british-savers-fully-cashed-out-pension-pots-on-retirement-after-rule-changes\/","url_meta":{"origin":16064,"position":0},"title":"Most British savers fully cashed out pension pots on retirement after rule changes","date":"January 8, 2016","format":false,"excerpt":"\r Financial Conduct Authority study finds 68% of pensions accessed between July and September were cashed out, raising concerns over investment decisionsMost British savers retiring between July and September last year fully cashed out their pension pots after rule changes, the financial markets regulator said, feeding concern they are not\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1969,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rip-off-pension-exit-fees-will-be-capped-says-george-osborne\/","url_meta":{"origin":16064,"position":1},"title":"'Rip-off' pension exit fees will be capped, says George Osborne","date":"January 19, 2016","format":false,"excerpt":"\r Government announces plan for financial regulator to cap \u2018prohibitive\u2019 charges levied on savers who wish to cash in pension potsThe government has announced plans to cap the \u201crip-off\u201d exit charges levied on savers who opt to cash in their pension pots as a result of the pension freedoms introduced\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11514,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/quarter-of-a-million-savers-take-advantage-of-pension-freedom\/","url_meta":{"origin":16064,"position":2},"title":"Quarter of a million savers take advantage of pension freedom","date":"April 27, 2016","format":false,"excerpt":"\r HMRC 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11072,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hundreds-of-thousands-withdraw-cash-from-pension-pots-after-rules-relaxation\/","url_meta":{"origin":16064,"position":3},"title":"Hundreds of thousands withdraw cash from pension pots after rules relaxation","date":"September 17, 2015","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":16064,"position":4},"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":43359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-charges-capped-at-0-75\/","url_meta":{"origin":16064,"position":5},"title":"Pension charges capped at 0.75%","date":"March 27, 2014","format":false,"excerpt":"\r Government announces cap with effect from April 2015, a move that could spare savers fees worth up to \u00a3200m a yearFees for managing pension pots will be capped at 0.75% from next year, following concerns that rip-off charges have been eroding the value of savings.Steve Webb, the Lib Dem\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\/16064"}],"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=16064"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/16064\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=16064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=16064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=16064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}