Retirement savers have accessed approximately £14.2 billion through the pension freedoms since the pension reforms were introduced in April 2015, according to data from HM Revenue and Customs (HMRC).
Its Flexible payments from pensions: October 2017 report also found that the number of individuals who have received flexible payments from their pensions between the second quarter of 2017 and the third quarter of 2017 is 291,000, compared to 232,000 individuals who received a flexible payment from their pension pot between the second quarter of 2015 and the first quarter of 2016. Since pension freedoms were introduced in April 2015, 916,000 […]
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