CITIZENS' PENSION

Motion Text

That this House welcomes the report from the Pensions Policy Institute calling for a flat rate pension to lift pensioners out of poverty and for reform of the current system of tax relief on private pensions; notes that the Turner Commission and the Government in its initial response specifically ruled out reform of tax relief; and believes that this stance is misguided and that reform of the current unfair system of tax relief is essential and would provide much of the funding required to introduce a Citizens' Pension for all pensioners.