In Brief: The cost of early withdrawal from your pension
Tuesday, 22 October 2024
How retirees are impacting their financial future by accessing pension pots too soon
More than three-quarters (78%) of retirees have already dipped into their pension pots by the time they retire, according to recent data[1]. Of these, more than half (52%) withdraw funds five years before their Selected Retirement Age (SRA), with 21% opting to start taking out funds nine to ten years before they retire.
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