Submitted on Tuesday 28th April 2020
Rejected on Tuesday 14th July 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Allow members of a Private Pension Plan to make changes to their Pension Plan
For Parliament to enforce Private Pension Providers to allow members to 1) Release Equity from their Pensions (up to £30,000 tax free in any tax year starting with the current tax year (2020-2021) & 2) Dictate their own Retirement Age.
Unprecedented times, call for unprecedented measures. Parliament should enforce these changes in the UK to ensure a Private Pension Member can release equity of up to £30,000 tax free in any tax year to help their financial situation & also allow members to dictate their own Retirement Age. This must be able to be done directly with the Pension Provider and not a 3rd Party. Giving members the ability to do this will ensure that members have the ability to dictate their own financial journey.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign these petitions instead:
Reduce restrictions on access to private pensions during coronavirus:
petition.parliament.uk/petitions/304996
Give all UK citizens access to their pension pots immediately tax free:
petition.parliament.uk/petitions/305886
Exclude small private pensions when calculating Pension Credit entitlement:
petition.parliament.uk/petitions/300890
Reimburse losses to pension funds resulting from Covid-19:
petition.parliament.uk/petitions/305122
18.190.253.128 Mon, 18 Nov 2024 12:39:35 +0000
