I don't think you have clearly understood most people. Most young people genuinely can't afford to save for a pension beyond the state-provided pension - if yo

I don't think you have clearly understood most people. Most young people genuinely can't afford to save for a pension beyond the state-provided pension - if you have any significant pension at retirement, you're in a position of luxury. People with private pensions are, objectively, significantly wealthy retirees who don't really need or deserve such tax protection as they presently have. This has already begun to change: the age-related allowance for pensioners has been scrapped, this year. You might be right that the political incentive won't be there (certainly, the media has spun the 'granny tax' impressively), and surely you won't suffer from being able to afford both housing and retirement savings, but the generation gap between wealthy old people and struggling young people is definitely causing increasing political tensions.