PensionsJan 15 2025

Fifth of people withdraw cash lump sum from pension at 55

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Fifth of people withdraw cash lump sum from pension at 55 — © pexelsL&G have partnered with a charity to signpost people to guidance

Alina Khan

A fifth of people who withdraw a cash lump sum from their pension pot do so at the age of 55 but do not have a full understanding of the financial implications.

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Fifth of people withdraw cash lump sum from pension at 55

Read the full story with a free account

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