Personal Pensions: Local Government
Commons · Question 73599 · Tabled 29 Aug 2025 · Department for Work and Pensions · Official record
Answered 8 Sep 2025
Question
Asked by Edward Morello
To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential impact of the treatment of SSIP funds as savings rather than pensions by local authorities.
Answer
Answered by Torsten Bell, 8 Sep 2025
DWP does not take into account the value of a pension fund (such as a SIPP) that someone and/or their employer has paid into, this protects investments for retirement. Monies drawn from a pension fund, either as a lump-sum, a pension/annuity or both will ...