Specific group of people on State Pension will not be due new weekly pay rates in April
dailyrecord.co.ukMillions of people claiming their State Pension can look forward to an inflation-busting boost next month when payments rise by 8.5 per cent from April 8.
Under the wages growth measure of the Triple Lock policy, those on the full New State Pension can expect an annual increase of £902, while those on the full Basic State Pension will see an uplift of £692.
However, while the annual uprating will be welcomed by more than 12m pensioners across the UK, nearly 500,000 older people will not qualify for any increase to their payments - even though they have accrued the required amount of National Insurance contributions before taking retirement.
This is because they have chosen to move abroad in retirement and the country they are living in does not have a reciprocal agreement with the UK Government.
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