Savers withdrew £9.4bn from pensions flexibly in 2020

Sophie King
clock • 2 min read

Savers withdrew £9.4bn flexibly from their retirement pots during 2020, data released by HM Revenue & Customs (HMRC) has shown.

The statistics, released today (29 January), showed that £2.4bn was withdrawn in Q1 of last year, £2.2bn in Q2, £2.3bn in Q3 and £2.3bn in Q4. The £2.4bn withdrawn in the final three months of t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Sophie King
Author spotlight

Sophie King

Professional Adviser journalist from 2018-2021

More on Defined Contribution

Partner Insight: Making private markets work for members – a guide for defined contribution trustees

Partner Insight: Making private markets work for members – a guide for defined contribution trustees

When capturing the potential that private markets could offer defined contribution schemes, trustees need to ensure they have absolute clarity on fees, fund structures and liquidity, says BlackRock’s James Rowe.

James Rowe - Managing Director, Head of UK Institutional DC
clock 15 April 2026 • 7 min read
SPP backs government changes to bring mandation powers more in line with Mansion House Accord

SPP backs government changes to bring mandation powers more in line with Mansion House Accord

Move follows Lords vote to remove reserve investment power from Pension Schemes Bill

Jonathan Stapleton
clock 08 April 2026 • 1 min read
Aon tracker shows uptick in DC retirement outcomes for Q4 2025

Aon tracker shows uptick in DC retirement outcomes for Q4 2025

Consultancy’s tracker rose from 71.3 to 73.4 over the final three months of 2025

Martin Richmond
clock 08 April 2026 • 3 min read
Trustpilot