Submitted on Thursday 19th March 2015
Published on Friday 20th March 2015
Current status: Closed
Closed: Monday 30th March 2015
Signatures: 6
Increase Pension Lifetime Allowance
The recent budget reduced the LTA to £1.0M. This means that highly experienced doctors, teachers and other DB scheme members may take immediate/early retirement. This will have a significant detrimental effect on users of the NHS, Education services and beyond which will be felt by users within months. Longer term this is a disincentive to skilled workers staying in work in the UK.
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