HMRC figures show plunging pension freedom withdrawals

Hope William-Smith
clock • 2 min read
A total of 340,000 people withdrew £2.3bn in flexible payments from their pensions in the second quarter of 2020, according to HMRC..
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A total of 340,000 people withdrew £2.3bn in flexible payments from their pensions in the second quarter of 2020, according to HMRC..

A total of 340,000 people withdrew £2.3bn in flexible payments from their pensions in the second quarter of 2020, according to HM Revenue & Customs (HMRC).

Figures released this morning (31 July) showed an 18% decrease year-on-year from the £2.8bn in withdrawals seen in Q2 2019. The July 2020 flexible payments from pensions statistics also showed a...

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