Submitted by Christopher Lowrie on Thursday 19th March 2020
Published on Friday 17th April 2020
Current status: Closed
Closed: Saturday 17th October 2020
Signatures: 149
Relevant Departments
Tagged with
Access ~ Citizens ~ Covid ~ Covid-19 ~ Economy ~ Individuals ~ Pensions ~ Tax ~ UK ~ UK citizens
Give all UK citizens access to their pension pots immediately tax free.
Rather than borrow from the Government lets utilise these pension funds right now. Give business and individuals the choice to back themselves.
The Government will need to borrow to support every part of the economy and individuals/ families through these challenging times with the coronavirus. Many of us have pensions but are not able to access these and even at the age of 55 only 25% tax free. This is radical but allowing us to access 100% tax free right now will allow investment in business, continued tax receipts for Government, families to be fed, staff to keep their jobs, etc. It is a very good option.
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