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
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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
React
Where do you stand on this motion?
See what others are saying
Members can read every reason.
Similar motions
Remove taxes on personal savings & private pensions
We the people call on the government to remove the tax paid on personal savings & private pensions.
Remove the triple lock commitment on pensions and tie increase to inflation only
We feel the triple lock on pensions is unaffordable and unjust. We think tying the increase in pensions to inflation only could ensure the living standards of those reliant on the pension are protected, and would be more affordable.
Introduce new tax code for state pensioners with double the personal allowance
We want the government to introduce a new tax code for state pensioners, set at double the basic threshold. If this was implemented, pensioners would receive a higher tax-exempt limit, but wealthier pensioners would still pay tax.
Government to fix private pension access age at 55
Private pensions have historically been accessible from 55. In light of rising retirement ages, the Government must remove the 10-year link to retirement age and permanently fix the minimum access age at 55. We believe that requiring long-term investment while postponing access is unreasonable.
Give pensioners access to PIP, as they are currently excluded from pension age
We ask the UK Government to allow pensioners to claim Personal Independence Payment (PIP). People over State Pension age cannot make new PIP claims and must use Attendance Allowance, which we believe gives less support and no mobility component. Allowing PIP could provide fairer, needs-based support