Submitted on Thursday 26th November 2020
Rejected on Wednesday 2nd December 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Allow first time buyers access to funds locked in a pension as a home deposit.
The government should allow people under the age of 55 to access their pension savings for the purpose of purchasing a first home without the fear of massive tax penalties.
Saving for a deposit to buy a first home is difficult for everyone. But many people have money locked in a pension that could be used as the deposit. Owning your home would mean that you will not have to pay rent in retirement, so using your pension to buy a first home should be allowed.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
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.
petition.parliament.uk/petitions/551344
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