| Heading: |
Pension Funds: Fees and Charges |
| Question ID: |
1807408 |
| UIN: |
55841 |
| House: |
Commons |
| Date tabled: |
2025-05-30 |
| Asking Member ID: |
5361 |
| Asking Member display name: |
James McMurdock
|
| Asking Member handle: |
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| Asking Member Twitter reference: |
James McMurdock
|
| Member interest: |
false |
| Question text: |
To ask the Chancellor of the Exchequer, whether she plans to review the unauthorised payments charge applied to pension schemes that rent commercial property below market value. |
| Is named day: |
false |
| Date of holding answer: |
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| Date answered: |
2025-06-09 |
| Date answer corrected: |
|
| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
5069 |
| Answering Member display name: |
Torsten Bell
|
| Answering Member handle: |
TorstenBell
|
| Answering Member Twitter reference: |
@TorstenBell
|
| Correcting Member ID: |
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| Correcting Member display name: |
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| Correcting Member handle: |
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| Correcting Member Twitter reference: |
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| Answer text: |
Pension schemes can rent out commercial property at below market value. The only restriction on this is that there is an unauthorised payment charge where the tenant is connected with the pension scheme. This rule prevents value being transferred out of t... |
| Original answer text: |
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| Comparable answer text: |
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| Answering body ID: |
14 |
| Answering body name: |
Treasury |
| Tweeted: |
true |