Written Question·Treasury·UIN 55841

Pension Funds: Fees and Charges

Tabled: 30 May 2025

Answered: 9 June 2025

Question

James McMurdock

Independent — South Basildon and East Thurrock

To ask the Chancellor of the Exchequer, whether she plans to review the unauthorised payments charge applied to pension schemes that rent commercial property below market value.

Answer

Torsten Bell

Pension schemes can rent out commercial property at below market value. The only restriction on this is that there is an unauthorised payment charge where the tenant is connected with the pension scheme. This rule prevents value being transferred out of t...

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