Number of flexible payments from schemes rises by 10%
HM Revenue and Customs (HMRC) has revealed a 6% rise in the amount withdrawn flexibly this quarter versus the same period last year, and a 10% increase in the number of individuals using this freedom.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 2020,...
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