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date	2014-10-31
tabling member constituency	Ayr, Carrick and Cumnock
hansard heading	Pensions: Financial Assistance Scheme

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registered interest

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answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

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or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

102069

registered interest

date

31/10/2014

answering body

Department for Work and Pensions

answering dept id

answering dept short name

Work and Pensions

answering dept sort name

Work and Pensions

hansard heading

Pensions: Financial Assistance Scheme

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Work and Pensions, if he will estimate the number of members of pension schemes who did not receive a tax-free lump sum on receipt of pension in the few months prior to the Financial Assistance Scheme (FAS) regulations adopted in April 2010, which allowed members who were not already in receipt of pension payments to give up some of their FAS assistance for a lump sum payment on transfer of the scheme to FAS.

tabling member constituency

Ayr, Carrick and Cumnock

tabling member printed

Sandra Osborne

uin

212827

answer

is ministerial correction

date of answer

07/11/2014

answer text

<p /> <p>The FAS may pay members of schemes which transfer their assets to government a tax-free lump sum when payments begin, provided their scheme has not paid them during the winding up period. In the three months from January to March 2010, 263 such members were paid a scheme pension and did not receive a tax-free lump sum.</p>

answering member constituency

Thornbury and Yate

answering member printed

Steve Webb

question first answered

07/11/2014 12:33:14

answering member

220

	label	Biography information for Steve Webb

tabling member

576

	label	Biography information for Sandra Osborne