Written Question·Department for Work and Pensions·UIN 73599
Personal Pensions: Local Government
Tabled: 29 August 2025
Answered: 8 September 2025
Question
Edward Morello
Liberal Democrat — West Dorset
To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential impact of the treatment of SSIP funds as savings rather than pensions by local authorities.
Answer
Torsten BellDWP does not take into account the value of a pension fund (such as a SIPP) that someone and/or their employer has paid into, this protects investments for retirement. Monies drawn from a pension fund, either as a lump-sum, a pension/annuity or both will ...
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