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Published on 12 July 2021

Work and Pensions Committee – Accessing pension savings

LITRG submitted evidence to the Work and Pensions Committee review ‘Protecting pension savers: five years on from the Pension Freedoms: Accessing pension savings’.

Illustration of an elderly couple next to a clipboard surrounded by piles of coins

Pension freedoms since April 2015 have allowed people to have flexible access to their pensions, but often they do not understand the tax and related benefits impacts.

As a result, they make costly mistakes such as triggering unexpected tax liabilities or losing benefits. LITRG’s response to this call for evidence concentrates on how such unfortunate situations might be avoided.

The full submission can be found here.

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