Written Question·Treasury·UIN 11670

Pensions: Lump Sum Payments

Tabled: 29 October 2024

Answered: 5 November 2024

Question

David Chadwick

Liberal Democrat — Brecon, Radnor and Cwm Tawe

To ask the Chancellor of the Exchequer, if she will bring forward legislative proposals to extend eligibility for trivial commutation.

Answer

Tulip Siddiq

My response to Parliamentary Question 11127 provides more details on the rules around trivial commutation. The purpose of these rules is to provide individuals with flexibility, while also helping to reduce the administrative burden on pension schemes of ...

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