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Written question asked by Dan Jarvis (Labour) on Tuesday, 17 November 2015, in the House of Commons. It was due for an answer on Thursday, 19 November 2015. It was answered by Harriett Baldwin (Conservative) on Monday, 23 November 2015 on behalf of the Treasury.


Pensions

Question

To ask Mr Chancellor of the Exchequer, what his policy is on raising the upper trivial commutation limit for pensions above £30,000.

Answer

The Government currently has no plans to raise the upper trivial commutation limit for pensions above £30,000.


The Government believes this is the appropriate level which balances providing individuals with flexibility without placing a significant administrative burden on pension schemes.


Secondary information

Type
Written question
Reference
16666
Session
2015-16
Subjects
Pensions
Link
View this Written question on www.parliament.uk