Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether it is her policy to protect accrued pension rights when changing the tax treatment of pensions.

The Government does not comment on media speculation ahead of Budgets nor collect real-time data on the number of individuals accessing their pensions.

Taking unplanned steps in respect of an individual’s pension may not be in their long-term financial interest. Individuals should get suitable professional advice, including from a regulated financial adviser.