United Kingdom · Question · Written question
UIN 203192
Pension Protection Fund: Taxation
Introduced
18 October 2023
Last action
23 October 2023 · Answer
Status
Answered
Sponsors
—
Subjects
Taxation
Source updated
23 October 2023
Summary
To ask the Chancellor of the Exchequer, whether money a person receives from their pension scheme via the Fraud Compensation Fund is taxable; and if he will make a statement.
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Timeline
18 October 2023
Written question
To ask the Chancellor of the Exchequer, whether money a person receives from their pension scheme via the Fraud Compensation Fund is taxable; and if he will make a statement.
Source: Commons
23 October 2023
Answer
The Fraud Compensation Fund pays compensation to pension scheme administrators or trustees, who then provide benefits to members. Those benefits will be taxed like any other pension benefits. An individual pays income tax if their total annual income is m...
Source: Written answer
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Sponsors
- · Treasury · Answering body
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://questions-statements.parliament.uk/written-questions/detail/2023-10-18/203192
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1665670
- uk · wq-1665670 · source updated 23 October 2023