Ensure reforms to pension tax relief are fair, durable and encourage saving.

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Ensure reforms to pension tax relief are fair, durable and encourage saving.

Petition Details

The Chancellor will announce reforms to pension tax relief in March.
- A Pension-ISA approach would undermine confidence and should be rejected
- A single rate of tax relief should be cost neutral, not a raid on savers
- Tax-free lump sums must be protected
- Retain salary sacrifice arrangements

Additional Information

The Chancellor's proposals for pension tax relief will be scrutinised by Parliament. However the announcement itself will set the terms of the debate and Parliament should have the opportunity to specifically address the significant issues before the Chancellor responds to the consultation.

The consultation document is available from:
http://tinyurl.com/oawy4rv

Responses from:
NAPF - http://tinyurl.com/hv62mat
Prospect trade union - http://tinyurl.com/zsuxokt

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