Pensions: Terminal Illnesses
The question
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
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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