For immediate release
Responding to reports that the chancellor is preparing to raise allowances for pension savings, Phil Basey, head of research of the TaxPayers' Alliance, said:
"Raising pension allowances would be a step in the right direction.
"These taxes on pension pots punish those who want to work for longer and drive people in their prime into an early retirement.
"Allowances should be raised further, so there's no reason for experienced employees to be taken out of the workforce by these pension limits."
TPA spokespeople are available for live and pre-recorded broadcast interviews via 07795 084 113 (no texts)
Media Campaign Manager, TaxPayers' Alliance
24-hour media hotline: 07795 084 113 (no texts)
Notes to editors:
Founded in 2004 by Matthew Elliott and Andrew Allum, the TaxPayers' Alliance (TPA) campaigns to reform taxes and public services, cut waste and speak up for British taxpayers. Find out more at www.taxpayersalliance.com.
- TaxPayers' Alliance's advisory council.