Submitted by Samuel Moses on Thursday 29th September 2022
Published on Monday 3rd October 2022
Current status: Closed
Closed: Monday 3rd April 2023
Signatures: 5,201
Relevant Departments
Tagged with
Bills ~ emergency services ~ Government ~ INCREASE ~ Individuals ~ Pensions ~ security ~ Tax ~ The Government
Increase annual pension allowance tax allowance
The current annual pension allowance for taxation is set at £40,000.
We want the Government to increase this annual pension taxation allowance to £120,000 immediately and to £200,000 in another 1 year.
The current annual allowance of £40,000 is quite restrictive and we believe is punitive for long-serving employees in all sectors of life.
Individuals from critical and emergency services such as health, security that are key for public life can be adversely affected due by huge tax bills on their pension pot.
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18.222.69.152 Tue, 23 Apr 2024 15:50:48 +0100
