This petition was submitted during the 2010-2015 parliament
Petition Allow Early Pension Surrender
More details
A number of people have multiple "frozen" old work related private pensions that are no longer paid into.
Some people unfortunately may not reach retirement age, others may fall on hard times, or simply wish to make other investments with that money such as buying a home but the funds in these pensions cannot be released early before retirement age due to legal legislation.
We, the undersigned, ask that the government allow pension owners to have the right to be able to close pensions of their choosing whenever they like, taking the lump sum, subject to the usual capital gains tax, provided that the pension has been both declared frozen and proof of another existing (running, long held and larger) pension can be shown.
This petition is closed This petition ran for 12 months
8 signatures
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