State Pensioners Born Before 1971 Increasingly Fully Withdraw Their Pension Pots Monday, May 18, 2026 pensions retirements withdrawals statepension savings tax inflation fca retirementplanning definedcontribution A growing number of state pensioners born before 1971 are choosing to fully withdraw their pension pots upon retirement, with data showing a notable jump in such actions. In 2024-25 alone, 462,160 pension pots were fully … Read More
State Pensioners Born Before 1960 Drive Surge in Cash Withdrawals at Post Office Thursday, April 30, 2026 pensioners cash withdrawals postoffice retirees cashwithdrawals community banking transactions finance Cash withdrawals at Post Office branches have surged in early 2026, largely driven by state pensioners born before 1960. According to the latest Post Office Cash Tracker data, nearly 40 million cash transactions—including … Read More
State Pensioners Born Before 1960 Accelerate Withdrawals Ahead of 2027 Inheritance Tax Changes Thursday, April 23, 2026 pensions statepension inheritancetax withdrawals retirement financialplanning wealthmanagement tax marketvolatility risk State pensioners born before 1960 are increasingly withdrawing funds from their private pensions in anticipation of significant inheritance tax (IHT) changes coming into effect in April 2027. This rush is driven by new … Read More
HMRC Repays Over £1.5bn to Pensioners Overtaxed on Withdrawals Sunday, November 23, 2025 hmrc pensions taxation retirement overtaxation withdrawals pensionfreedom statepension personalallowance pensionpolicy Since the introduction of the Pension Freedom rules, HMRC has refunded more than £1.5 billion to pensioners who were overtaxed when accessing their own savings. This overtaxation error has affected tens of thousands of … Read More