Personal Pensions
Commons · Question 73600 · Tabled 29 Aug 2025 · Treasury · Official record
Answered 8 Sep 2025
Question
Asked by Edward Morello
To ask the Chancellor of the Exchequer, whether HMRC defines SSIPs as pension assets for the purposes of (a) means-tested benefits and (b) financial assessments.
Answer
Answered by Dan Tomlinson, 8 Sep 2025
The treatment of Self-Invested Personal Pensions (SIPPs) for the purposes of means-tested benefits and financial assessments does not fall within HMRC’s remit. HMRC’s role is to define and regulate pension schemes for tax purposes, including SIPPs, which ...