Pensioners are "really worried" after a new poll has revealed that 70 per cent of Britons over the age of 55 feel their financial security is under threat, Cameron Parry, CEO of Tally Money has claimed.
The survey also found that a staggering 93 per cent of respondents believe the current Labour government will not protect their pensions.
The research, conducted by Tally Money this month, polled over 2,000 people aged 55 and above.
With the upcoming spring budget, many older Britons are expressing growing anxiety about potential changes to pension rules and taxation.
Cameron Parry, CEO of Tally Money told GB News that the research was conducted this month
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Cameron Parry, CEO of Tally Money, told GB News: "We conducted research this month on over 2000 over 55s.
"And found a whopping 93 per cent felt that this Labour government wasn't going to protect their pensions.
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"There's an upcoming spring budget. People are concerned about this. And we've sort of seen the economy go in a different direction to what the last budget was based off.
"People are concerned. They're worried. They've worked all their lives, built up some wealth, and now there's a bit of a money grab coming from the government."
When asked about specific concerns, Parry explained that fears centre around changes to "inheritance tax rules and limits."
The poll also revealed that 40 per cent of respondents plan to withdraw money from their pension pots in response to these concerns.
He added: "We found 93 per cent of the participants in the survey felt that this Labour government would not protect their pensions.
"A whopping eight out of 10 actually felt that they're deliberately being punished.
"For a long time, a lot of people have been encouraged to invest in their pension, not just for old age, but because it's a good, tax efficient investment route. And now that's all changing."
Pensioners are worried about their retirement futures GETTYThe money expert fumed: "People are trying to be self responsible. They're not just sitting back and relying on the government to make good decisions in their interests all the time.
"You try and build something up so you're not a burden on your family or society, and then they change the rules when you can no longer adapt to that."
"It doesn't flow into what the growth sort of priority that this government speaks about. It's just wrong."
