Flexible pension withdrawals slide 2% in 12 months

Hope William-Smith
clock • 3 min read
The £2.3bn withdrawn flexibly from pensions in Q3 represents a 2% year-on-year decrease from monies withdrawn during the same months in 2019.
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The £2.3bn withdrawn flexibly from pensions in Q3 represents a 2% year-on-year decrease from monies withdrawn during the same months in 2019.

The £2.3bn withdrawn flexibly from pensions in Q3 represents a 2% year-on-year decrease from monies withdrawn during the same months in 2019, HM Revenue and Customs (HMRC) figures show.

HMRC statistics released today (30 October) reveal 347,000 individuals drew down from their pensions between July and September, representing a 6% increase from the 327,000 during the same months l...

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