Pensions

Summary

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reinstating trivial commutation following the changes to the Lifetime Allowance this year.

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Timeline

1. 24 October 2024

   Written question

   To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reinstating trivial commutation following the changes to the Lifetime Allowance this year.

   Source: Commons

2. 1 November 2024

   Answer

   For defined benefit (DB) pensions, trivial commutation continues to exist. If an individual’s total pension wealth across all DB pension schemes (excluding their state pension) is no more than £30,000, they may be able to surrender their pension for a tax...

   Source: Written answer

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• · Treasury · Answering body

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