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Raise the Pension “Triviality” amount

Comment 14th July 2010

Raise the Pension "Triviality" amount to at least £30,000 to allow those that cannot access the lump sum to draw down the money and look after themselves.

I have a small amount lodged with a pension company that, should the level be raised, I could use to take early retirement thereby freeing up work for a younger person.

I know that there are a lot of us stuck in the situation of not being taken on for work "due to age", law or not, and yet unable to free up what is our own money, to allow us to retire early.

Why does this matter?

To lower the unemployed statistics and take a large number of people out of poverty



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