Pensions

(asked on 17th November 2015) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what his policy is on raising the upper trivial commutation limit for pensions above £30,000.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
Shadow Minister (Business and Trade)
This question was answered on 23rd November 2015

The Government currently has no plans to raise the upper trivial commutation limit for pensions above £30,000.


The Government believes this is the appropriate level which balances providing individuals with flexibility without placing a significant administrative burden on pension schemes.

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