Budget 2017: HM Treasury reports £1.7bn windfall as pension flexibilities raising more cash than expected

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The government has said pensions flexibilities have raised £1.7bn more than expected so far as individuals are withdrawing more cash than previously thought.

In its Budget policy costings document, HM Treasury said the flexibilities, which came into force in April 2015, were originally estimated to raise around £300m for the government in the 2015-16 ta...

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