Pension withdrawals surge amid Budget tax uncertainty

Summarised from 2 outlets · Updated 25 Sept, 14:43 · Archive

Pension withdrawals have surged by 70 per cent, driven by concerns over government tax changes.

A surge in pension withdrawals is being driven by uncertainty over government tax changes, with over a million pots accessed in the past year. Experts attribute the increase to worries about possible tax changes affecting pensions.

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How it is being reported

Pension withdrawals are surging over Budget fears – here’s what experts recommendThe i Paper · 25 Sept, 13:48
Tax fears drive 70% surge in pension withdrawalsSky News Business · 25 Sept, 09:44

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