Stop Hammond reversing policy to let pensioners withdraw their pension pots.

Rejected 12 signatures

What the petition asks

New pensioners are allowed to keep their pension pots. The reason existing pensioners were not included is because insurance companies do not want money taken out of their annuity funds. George Osbourne eventually agreed it was unfair to existing pensioners. Hammond has no right to reverse it.

I could buy a house as an investment with my pension pot, so that when I die I can bequeath it. But Hammond appears to think because I am a pensioner I am unfit to make the decision to use my money paid by myself and my employer for what I want. Hammond could include a clause that withdrawals from pension pots should be recorded and claims for benefits should be withheld until the amount drawn out has be withheld.

Why it was rejected

It was not clear what the petition asked the UK Government or Parliament to do.

Petitions need to call on the Government or Parliament to take a specific action. You could start a new petition explaining clearly what you would like the Government or Parliament to do.

Timeline

1 Nov 2016	Petition opened for signatures
23 Nov 2016	Rejected by the Petitions Committee

Key facts

Signatures 12

Status Rejected

Rejected 23 Nov 2016

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