Introduce a Pension Tax Lock to help protect retirement savings and incentives

The Chancellor should introduce a Pension Tax Lock: a commitment not to reduce the amount people can withdraw from their pension tax-free or the amount of tax relief given on pension contributions. We believe this would help ensure retirement savings are protected and people can save with confidence

3,351 Signatures

Status
Open
Opened
Wednesday 1st October 2025
Last 24 hours signatures
2,100
Signature Deadline
Wednesday 1st April 2026
Estimated Final Signatures: 23,762

Reticulating Splines

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We believe this simple commitment could put an end to the speculation seen ahead of every Budget – speculation which we think erodes confidence in long-term saving and can all-too-often lead to people making poor, sometimes irreversible, financial decisions.

We think this would come at zero cost to the Exchequer and would allow people to save for retirement with more confidence. We feel it could support the government’s twin aims of delivering pensions adequacy and boosting economic growth.


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Reticulating Splines