We have used 25% lump sum wisely, say four in five freedoms users

James Phillips
clock • 2 min read

Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.

Nearly four in five (79%) believe they have used their 25% tax-free lump sum "wisely", the insurer found, with 25% stating they had used it to pay off existing debt. Further, just 16% have the f...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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