Pensions: Coronavirus

Treasury written question – answered on 16th September 2020.

Alert me about debates like this

Photo of Henry Smith Henry Smith Conservative, Crawley

To ask the Chancellor of Exchequer, how many people have accessed and transferred their pension early resulting in the recording of an unauthorised payment from their pension fund since the onset of the covid-19 outbreak.

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

The Government does not currently hold information about pension unauthorised payments since the onset of the Covid-19 outbreak.

The scheme administrator of a registered pension scheme must tell HMRC when certain reportable events occur; reportable events include pension unauthorised payments.

The scheme administrator does this by completing and submitting the Event Report for a tax year. HMRC must receive the Event Report by 31 January after the end of the tax year to which the Event Report relates, so there is no data currently available.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.