Number of flexible payments from schemes rises by 10%

Jonathan Stapleton
clock • 2 min read

HM Revenue and Customs (HMRC) has revealed a 6% rise in the amount withdrawn flexibly this quarter versus the same period last year, and a 10% increase in the number of individuals using this freedom.

The latest statistics, published today (30 April), show 383,000 people withdrew a total of £2.6bn in flexible payments from their pensions in the first quarter of 2021. In the comparable quarter of...

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

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

PLSA rebrands to Pensions UK, FCA targeted support plans, and Hymans launches sole trustee service

Professional Pensions
clock 04 July 2025 • 1 min read
Broadstone records DB scheme funding improvements amid calmer market conditions

Broadstone records DB scheme funding improvements amid calmer market conditions

Both the fully hedged and half hedged schemes saw improvements in funding

Holly Roach
clock 04 July 2025 • 1 min read
Mixed opinion on whether there is a link between pension fund scale and performance

Mixed opinion on whether there is a link between pension fund scale and performance

PP survey shows some see a link while others do not see a connection

Martin Richmond
clock 03 July 2025 • 2 min read
Trustpilot