Dan Jarvis – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Dan Jarvis on 2015-11-17.

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

Harriett Baldwin

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.