Introduce a Pension Tax Lock to help protect retirement savings and incentives
The Chancellor should introduce a Pension Tax Lock: a commitment not to reduce the amount people can withdraw from their pension tax-free or the amount of tax relief given on pension contributions. We believe this would help ensure retirement savings are protected and people can save with confidence
Rachel Reeves
Chancellor
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Introduce a Pension Tax Lock to help protect retirement savings and incentives
The Chancellor should introduce a Pension Tax Lock: a commitment not to reduce the amount people can withdraw from their pension tax-free or the amount of tax relief given on pension contributions. We believe this would help ensure retirement savings are protected and people can save with confidence
Similar motions
Remove taxes on personal savings & private pensions
Remove the triple lock commitment on pensions and tie increase to inflation only
Introduce new tax code for state pensioners with double the personal allowance
Government to fix private pension access age at 55
Give pensioners access to PIP, as they are currently excluded from pension age