HMRC says Covid pension withdrawals higher

31 January 2021

A total of £2.4 billion was withdrawn from pensions flexibly in the final three months of 2020, up 6% year-on-year, as Covid affected saver behaviour, according to HMRC.  This took the total amount withdrawn since the introduction of pension freedoms to more than £42 billion. The latest figures published by HM Revenue & Customs revealed...