Petition to make Pussers pension tax free?

#12
Maybe it should be re worded, to those that have been injured (disabled) in service to this country armed or civil forces (999 responders) should have all their pensions tax free, for service rendered? Or words to that effect, as words are not my gift.
 
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#13
The Government has responded to the petition – “Make the uk armed forces pensions tax free.”.


Government responded:


All pensions in payment are taxed as income at the relevant rate, including the Armed Forces Pension Scheme and other public sector pension schemes.


The Armed Forces Pension Scheme is a defined benefit public service pension scheme. The Armed Forces Pension Scheme is non-contributory, meaning members pay no pension contributions, with the costs of the scheme met through employer contributions paid by the Ministry of Defence.


The Government wishes to encourage pension saving, to help ensure that people have an income, or funds on which they can draw, throughout retirement. This is why, for the majority of savers, pension contributions are tax-free. Furthermore, investment growth of assets in a pension scheme is not subject to tax. When an individual takes his or her pension, up to 25% of the pension benefits can be taken tax-free. After this, payments of pensions are subject to income tax at the relevant rate, to reflect the fact that these are a form of deferred income and have not been previously taxed. It would therefore be unfair to give pensions a beneficial and tax-free status above all other forms of taxable income.


HM Treasury


Click this link to view the response online:


https://petition.parliament.uk/petitions/217852?reveal_response=yes


The Petitions Committee will take a look at this petition and its response. They can press the government for action and gather evidence. If this petition reaches 100,000 signatures, the Committee will consider it for a debate.


The Committee is made up of 11 MPs, from political parties in government and in opposition. It is entirely independent of the Government. Find out more about the Committee: https://petition.parliament.uk/help#petitions-committee


Thanks,
The Petitions team
UK Government and Parliament
 

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