More than half of people tapping pensions cash them out in full
More over-55s are tapping their pensions and over half are cashing them out entirely, new official figures reveal. Nearly 740,000 pension funds were accessed in the 2022-23 financial year, up around 5 per cent from the year before, as people struggled to pay household bills in a period of rising inflation. Some 56 per cent … [Read more…]