UK Parliament home

This petition was submitted during the 2017 to 2019 Parliament

View other petitions from this Parliament

Closed Scrap or significantly increase Pension Lifetime Allowance to encourage saving

Closed on

Recent (2016) pension tax relief changes have had a damaging effect on individuals willingness to save for retirement or even remain in key professions. The LTA at just over 1 Million means even middle class workers are getting caught by punitive tax bills. People are leaving the NHS as a result.

A number of articles including research by the FT suggest highly experienced consultants are leaving the NHS to avoid punitive tax bills. It is not just the NHS, as everyone should be encouraged to save and benefit from investment growth.

https://www.ft.com/content/2b75a590-5485-11e9-91f9-b6515a54c5b1
https://www.ft.com/content/d5188b50-c31f-11e8-95b1-d36dfef1b89a
https://www.ft.com/content/e6d3e03c-4e12-11e9-b401-8d9ef1626294

14 signatures

Show on a map

10,000

Petition progress

View all updates for this petition, with the most recent first.

  • Petition closed

  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 2 November 2019.