Baroness Drake – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Baroness Drake on 2016-09-12.

To ask Her Majesty’s Government what discussions they have had with HM Revenue and Customs about the annual publication, in standard format, of data on the drawing of pension savings that have to be reported as taxable income by (1) age, (2) gender, (3) characteristics of income draw down products, (4) cash lump sums, and (5) annuities.

Lord O’Neill of Gatley

HM Revenue and Customs (HMRC) publishes the number and value of flexible payments made from pensions since April 2015. The quarterly publication does not include breakdowns of pension payments by characteristic, nor are there any plans to.

In accordance with the National Statistics Code of Practice, Official Statistics are shared with a minimal number of named officials 24 hours prior to publication. HMRC maintains and publishes a record, which can be found on gov.uk, of all of those who have pre-release access to National Statistics and Official Statistics.