Pensions: Fraud

Department for Work and Pensions written question – answered on 17th September 2020.

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Photo of Henry Smith Henry Smith Conservative, Crawley

To ask the Secretary of State for Work and Pensions, what discussions her Department has had with HMRC on its investigation of tax rule breaches arising from pension scams.

Photo of Guy Opperman Guy Opperman The Parliamentary Under-Secretary of State for Work and Pensions

Tax liabilities relating to unauthorised payments and HMRC’s investigation of tax rules arising from pension scams are the responsibility of HMT. DWP will continue to work closely with HMRC to understand their position and how these may impact the Pensions Schemes Bill and savers.

Government continues to work with regulators and industry to protect consumers and find the best ways of preventing pension scams. HMRC and DWP have held regular discussions relating to the enhanced protection measures in the Pension Scheme Bill 2020.

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