Petition · past parliament · HM Treasury
Increase annual pension allowance tax allowance
Closed
5,201 signatures
What the petition asks
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.
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.
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.
Timeline
| 3 Oct 2022 | Petition opened for signatures |
| 3 Apr 2023 | Closed to new signatures |
Key facts
Signatures
5,201
Status
Closed
Department
HM Treasury
Opened
3 Oct 2022
Closed
3 Apr 2023
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Source: the official petition page. Last checked 15 Jul 2026.