Almost 80% of pension savers are raiding their pots early - pulling out £47,000 on average

Almost 80% of pension savers are raiding their pots early - pulling out £47,000 on average Over three-quarters of savers withdrew cash from their pension pots before reaching their selected retirement age in recent years, a new report claim . Research compiled by Scottish Widows showed the average amount withdrawn before retirement was £47,000, with many using the cash to keep on top of bills and higher living costs. Around a fifth, or 21 per cent, of people extracted cash …