Some of us are storing up problems for the future... for those lucky enough to have a private #pension, the temptation to withdraw money to cover current expenditures (driven by #inflation & the #Costoflivingcrisis) is growing. 

The withdrawals are rising year on year at around 17%... while this is a problem that many might wish they had, for those raiding their pension pots, given we generally under-contribute to pensions (if we have them), this looks to be a potential problem down the road 

 @43d7c4ea "The golden rule for drawdowns, generally used by experts, is to take no more than 4pc of your pot per year. This is to try to ensure you do not run out of money." 

https://www.telegraph.co.uk/money/pensions/tax-retirement/when-and-how-you-can-drawdown-your-private-pension/

If we are talking about the same thing then taking out 17% pa seems way too high.