Pensioners: Personal Savings

Department for Work and Pensions written question – answered on 13th January 2021.

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Photo of Marion Fellows Marion Fellows SNP Whip, Shadow SNP Spokesperson (Disabilities)

To ask the Secretary of State for Work and Pensions, what recent assessment she has made of the effect of the UK-EU Trade and Cooperation Agreement on pensioners’ lifetime savings.

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

The position stays the same. UK pensions legislation already ensures that any member of a UK pension scheme has a right to transfer their pension, which includes the option to transfer to any overseas pension scheme. Equally UK pension schemes will continue to be able to receive transfers from overseas pension schemes.

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