Remove the pension lifetime allowance.We want to be self-reliant in retirement.

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Remove the pension lifetime allowance.We want to be self-reliant in retirement.

Petition Details

The current lifetime allowance means we will not have enough pension income in retirement. We want to have enough income so we are not reliant on the state and with a decent pension income, we will fuel the economy. This makes even more sense as the population is ageing. Please think again!

Additional Information

As an example, a final salary pension of £18k p.a. eats up 58% of the lifetime allowance before any further pension savings are made. It does not leave much headroom and will not equate to extravagant riches in old age. Please reconsider the lifetime allowance limit.

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