Comment on £20bn withdrawn since pension freedoms launched by Bethell Codrington

['Tom Carnegie', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] Comments for International Adviser 2025-09-24 10:25:30

This was the first time pension freedom payments have been more than £2bn in a quarter since the reforms were introduced three years ago. The HMRC data also showed the average withdrawal per person hit £8,595, almost £1,000 higher than the previous quarter but £700 lower than 2Q17. Further, over four million pension payments have now been made to more than two million individuals. Figures highlight popularityTom Selby, senior analyst at AJ Bell, said the HMRC figures show the popularity of the pension freedoms shows no sign of abating. “The good news is average withdrawals per person are not spiralling out of control.