Andrew Murrison – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Andrew Murrison on 2016-02-23.

To ask Mr Chancellor of the Exchequer, how many people have withdrawn more than the 25 per cent tax-free allowance from their pension fund as a lump sum since 2014.

Mr David Gauke

HM Revenue and Customs does not have information on all types of taxable pension payments taken since 2014. However, information on the taxable element of pension flexibility lump sums taken since April 2015 is collated and published quarterly. This also provides details of the number of people who have taken these payments. The publication can be found at https://www.gov.uk/government/statistics/flexible-payments-from-pensions.

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