Thousands of older people missing out on £5,000 State Pension this year due to frozen payments
dailyrecord.co.ukUK State Pensions for people living overseas in retirement only increase in-line with the annual uprating - the Triple Lock guarantee - where there is a legal requirement to do so.
An example of this is where there is a reciprocal agreement between the UK and the country of residence. New figures from the Department for Work and Pensions (DWP) show that in March 2022, there were around 480,000 people living overseas receiving State Pension payments who do not get the annual increase.
Some 84 per cent (403,200) of those live in Australia, Canada and New Zealand. Earlier this month, during a House of Lords debate on the 75th anniversary of the Windrush Generation, Lord Davies of Brixton, raised the issue, pointing out the “injustice of frozen State Pensions”.
He explained how the policy is the “arbitrary winners-and-losers approach to making increases in UK State Pensions for those who choose to retire abroad”.Lord Davies continued: “Recipients in some countries have increases each year in line with those granted to pensioners in the UK, but those in other countries, totalling half a million, do not - their pensions are frozen at the date they moved abroad and in real terms their State Pension falls each year.“The impact is substantial.
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