Pensions: Chronic Illnesses

Treasury written question – answered on 9th September 2019.

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Photo of Gordon Marsden Gordon Marsden Shadow Minister (Education)

To ask the Chancellor of the Exchequer, what estimate he has made of the number of people affected by terminal illness who are unable to claim their personal pensions early.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The government does not hold this data.

Subject to scheme rules, individuals may be able to make early withdrawals from their personal pension in the event that they are expected to live less than a year. These withdrawals can be made free of tax provided certain conditions are met.

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