The government has issued a ‘call for evidence’ on whether early access to pension savings could provide an effective incentive for individuals to save more into a pension.
The government has issued a ‘call for evidence’ on whether early access to pension savings could provide an effective incentive for individuals to save more into a pension.
It invites representations on the ‘trivial commutation’ rules that determine when individuals with small pension funds can take their savings as a lump sum, and evidence on the barriers to ‘transferring smaller pension pots’.
The government is keen to consider the arguments before considering any further change to the pensions tax framework, the Treasury said.
The government has issued a ‘call for evidence’ on whether early access to pension savings could provide an effective incentive for individuals to save more into a pension.
The government has issued a ‘call for evidence’ on whether early access to pension savings could provide an effective incentive for individuals to save more into a pension.
It invites representations on the ‘trivial commutation’ rules that determine when individuals with small pension funds can take their savings as a lump sum, and evidence on the barriers to ‘transferring smaller pension pots’.
The government is keen to consider the arguments before considering any further change to the pensions tax framework, the Treasury said.
