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Annuities

Question for HM Treasury

UIN 5630, tabled on 6 July 2015

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of recent annuity reforms on (a) the buy-to-let mortgage market and (b) house prices.

Answered on

14 July 2015

The new pension flexibilities, which took effect on 6 April, allow people to have greater freedom and choice than ever before in how they spend their retirement savings.

Independent analysis indicates that the majority of pension pots are not large enough to have an impact on either buy to let mortgage approvals, or on house prices.

Answered by

Treasury
Interests declared
The Member has declared that they have interests which may be relevant to the subject matter of this question.