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.
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...
Pensions