Pensions: Terminal Illnesses

(asked on 4th October 2024) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the potential merits of allowing people who are terminally ill to withdraw funds from private pensions.


Answered by
Emma Reynolds Portrait
Emma Reynolds
Parliamentary Secretary (HM Treasury)
This question was answered on 15th October 2024

If you have a private or workplace pension, you may be able to begin taking an income and/or lump sums from your pension at any age due to ill health. This provision is dependent on the rules of the scheme and is a matter for individual schemes and may vary. Scheme members should contact their scheme administrators in the event of ill health to ascertain any benefits that they may be entitled to under the rules of the scheme.

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