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Pensions: Coronavirus

Question for Treasury

UIN 87525, tabled on 9 September 2020

To ask the Chancellor of Exchequer, how many people have accessed and transferred their pension early resulting in the recording of an unauthorised payment from their pension fund since the onset of the covid-19 outbreak.

Answered on

16 September 2020

The Government does not currently hold information about pension unauthorised payments since the onset of the Covid-19 outbreak.

The scheme administrator of a registered pension scheme must tell HMRC when certain reportable events occur; reportable events include pension unauthorised payments.

The scheme administrator does this by completing and submitting the Event Report for a tax year. HMRC must receive the Event Report by 31 January after the end of the tax year to which the Event Report relates, so there is no data currently available.

Answered by

Treasury