{"id":21256,"date":"2016-07-29T01:26:23","date_gmt":"2016-07-28T18:26:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-freedom-withdrawals-accelerate-to-top-6bn\/"},"modified":"2016-07-29T01:52:58","modified_gmt":"2016-07-28T18:52:58","slug":"pension-freedom-withdrawals-accelerate-to-top-6bn","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-freedom-withdrawals-accelerate-to-top-6bn\/","title":{"rendered":"Pension freedom withdrawals accelerate to top \u00a36bn"},"content":{"rendered":"


\nMore 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 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 \u00a311,000 each. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Pension freedom withdrawals accelerate to top \u00a36bn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than 770,000 over-55s have taken an average of \u00a311,000 each out of their pots,...<\/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-21256","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\/p75ss1-5wQ","jetpack-related-posts":[{"id":9280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-withdraw-6bn-from-retirement-funds-after-pension-reforms\/","url_meta":{"origin":21256,"position":0},"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that British over-55s have taken out of pensions since shakeup is lower than some commentators predictedSavers have withdrawn almost \u00a36bn from their retirement funds after the introduction of pension reforms last year.New industry figures show that just over 213,000 cash lump sum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":34420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-exit-fees-capped-at-1\/","url_meta":{"origin":21256,"position":1},"title":"Pension exit fees capped at 1%","date":"November 15, 2016","format":false,"excerpt":"\r Over-55s wishing to cash in their workplace or personal pension pots early will pay a maximum of 1% in charges from 2017Some older workers should see a big fall in the fees they pay to access their company pension cash after the government announced plans to cap charges.Ministers are\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":21256,"position":2},"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":22833,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retail-pension-black-hole-widens-by-6bn-to-match-annual-profit\/","url_meta":{"origin":21256,"position":3},"title":"Retail pension black hole widens by \u00a36bn to match annual profit","date":"August 14, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Retail pension black hole widens by \u00a36bn to match annual profit","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17942,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bt-shares-hit-as-brexit-renews-fears-over-10-6bn-pension-black-hole\/","url_meta":{"origin":21256,"position":4},"title":"BT shares hit as Brexit renews fears over \u00a310.6bn pension black hole","date":"June 28, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...BT shares hit as Brexit renews fears over \u00a310.6bn pension black hole","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":21256,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21256"}],"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=21256"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21256\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=21256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=21256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=21256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}