Written Question·Treasury·UIN 281
Pensions: Lump Sum Payments
Tabled: 17 July 2024
Answered: 24 July 2024
Question
Blair McDougall
Labour — East Renfrewshire
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of amending paragraph 1(b) of Schedule 29 to the Finance Act 2004 to ensure that people with enhanced protection are not limited in the amount of pension commen
Answer
Tulip SiddiqParagraph 1(b) of Schedule 29 to the Finance Act 2004 provides for a pension commencement lump sum where all or part of a member’s lump sum allowance, and all or part of their lump sum and death benefit allowance, is available. Those with enhanced protect...
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