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Proceeding contribution from Baroness Hollis of Heigham (Labour) in the House of Lords on Wednesday, 30 March 2011. It occurred during Debate on bill on Pensions Bill [HL].

Pensions Bill [HL]

22: After Clause 13, insert the following new Clause— ““Power of trustees to allow early access to lump sums After section 32 of the 2008 Act (power of trustees to modify by resolution) insert— ““32A Power of trustees to allow early access to lump sums Providing that the jobholder has at least £10,000 in his or her pension scheme, upon application to the trustees of the qualifying scheme or automatic enrolment scheme a jobholder may withdraw up to 25% of the total sum accrued at the time of the application in the jobholder’s NEST.””””

Secondary information

Type
Proceeding contribution
Reference
726 c1325 
Session
2010-12
Chamber / Committee
House of Lords chamber
Subjects
Age Contributions Women Equality EU law Health and safety Ethnic groups Pension credit Personal savings Pay Workplace pensions Pensions Manual workers Part-time employment Lump sum payments State retirement pensions Tax allowances State second pension National employment savings trust scheme Universal credit
Legislation
Pensions Bill (HL) 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk