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 …
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 …
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 …
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 …