IRN Add Pension Flexibility Data to the Pension Dashboard
05 Sep 2017
Pension Dashboard improved with new Pension Flexibility Data
New Pension Flexibility data
From today, the IRN Pension Dashboard contains data on pension withdrawals made under the pension flexibility rules. Since April 2015, individuals aged 55 and over can access their defined contribution pension savings as they wish, subject to their marginal rate of income tax. The HMRC data shows the number of flexible payments made from pensions, the number of individuals who have received a flexible payment and the total value of all flexible payments reported to HMRC.
This data will be updated every month as the HMRC releases new information.
Other pension dashboard updates
Later in this month, updated HMRC data on personal pensions will be added to the dashboard, along with updates on DC pension deficits and funding ratios and new data on pension contributions by type of pensions. This latrer data will also result in an update to the IRN Self-administered pension fund dashboard.
Other pension dashboard news