Image:
Peter Roos: Taking money out earlier means losing the potential investment growth on those savings and leaving a smaller pot to support what could be several decades in retirement
The value of taxable pension withdrawals by people under the age of 65 has passed £75bn since pension freedoms were introduced in 2015, analysis from Lumera shows.
The insurance tech provider analysed HM Revenue & Customs (HMRC) private pensions data from July 2026 and found that a total of £124.7bn has been taken from pensions as taxable flexible payments si...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
