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Retirees shun Lamborghinis, taking just £25k from pensions

Retirees shun Lamborghinis, taking just £25k from pensions

The average full withdrawal from pension pots since UK rule changes came into effect in April 2015 was just under £25,000 ($35,346, €31,673), new research by online investment platform AJ Bell shows. 

According to the data, most people used the pension freedom rules to provide an ongoing and sustainable income in retirement via partial withdrawals or income drawdown – with the average partial withdrawal made by AJ Bell's customers representing just 1.86% of their overall fund value. Please link to International Adviser to read the full article by Monira Matin.

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