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Pensioners: Personal Savings

Question for Department for Work and Pensions

UIN 133022, tabled on 30 December 2020

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.

Answered on

13 January 2021

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.