Part of the debate – in the House of Lords at 2:58 pm on 17 November 2025.
Lord Evans of Rainow
Conservative
2:58,
17 November 2025
My Lords, the Minister may recall that this time last year I asked a Question about pensioners who are coming up to the time when their pensions are ready to be drawn down, and they are looking forward to the 25% tax-free lump sum. Despite the noble Lord’s reassurances, thousands of pensioners took their pension early. Can the Minister reassure pensioners waiting to draw down their pension that there will be no changes to the 25% tax-free lump sum?
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