State Pension Regulations 2015

(asked on 26th March 2024) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential impact of the provisions of the State Pension Regulations 2015 which prevent individuals from taking (a) a lump sum payment and (b) an enhanced pension on the finances of pensioners.


Answered by
Paul Maynard Portrait
Paul Maynard
Parliamentary Under-Secretary (Department for Work and Pensions)
This question was answered on 16th April 2024

No such specific assessment has been made.

The Government prepared an impact assessment which looked at the effect of the new State Pension reforms overall on the various types of income that pensioners receive from the state, available at: The single-tier pension: a simple foundation for saving - Impact Assessment (publishing.service.gov.uk).

This included estimates on the impacts of changes to deferral policy.

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