Cashing in personal pensions

Commenting for the UK200Group, BKL tax partner David Whiscombe responds to Chancellor George Osborne’s comments on the take-up of new pension freedoms.


“Today’s press reports suggest that a significant number of people seem to regard the opportunity to draw funds from their pension pots as more akin to a lottery win than to responsible financial planning, with much of the money drawn being ‘invested’ in cars and holidays.  So perhaps those pension funds that are alleged to be dragging their heels in facilitating withdrawals will actually be seen to be doing their investors a favour.”


The article is available on the UK200Group website.

David Whiscombe


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