PLSA warns most pension tax reform options would leave many with lower savings By Duncan Ferris 24/2/21 The Pensions & Lifetime Savings Association (PLSA) has said that none of the four "main" options for pension tax reform that are commonly discussed meet its 'Five Principles for Pension Taxation'. Its report outlined five principles on which the PLSA believes any reform should be based, including the need for reforms to help savers make the right decisions about retirement saving, and to be simple for employers and schemes to adopt and administer. Other listed principles were the need to help everyone, regardless of their type of employment, to save for retirement, and to promote adequate incentives and financial support for retirement saving.