Occupational Pensions

(asked on 3rd June 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many people had their trivial commutation of their occupational pension request granted since the announcement of recent changes to pension regulations; and how many such requests have been refused due to the value of a pension exceeding £30,000.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
Shadow Minister (Business and Trade)
This question was answered on 13th June 2016

Trivial commutation allows individuals with modest pension savings in defined benefit schemes to take them as a lump sum.

We do not collect information on trivial commutation requests as these requests are not made to HM Revenue and Customs.

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