The full, New State Pension is set to rise to £221 per week from April under the Triple Lock policy.
More than 3,150 people have signed an online petition calling on the UK Government to unfreeze State Pension payments for nearly half a million retirees living abroad in a country that does not have a reciprocal agreement with Great Britain. Petition creator Robert Lloyd Crutchlow proposes that expats should have their State Pension increased to the current payment rates and receive the annual uprating every April.
The latest figures from the Department for Work and Pensions 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 of those live in Australia, Canada and New Zealand. 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 injustice of the policy is clear, but the Government and past Governments have hidden behind the need for so-called reciprocal agreement - we pay increases to our pensioners in countries only if it pays increases to its pensioners in the UK.” The 'Give 500,000 UK overseas State Pensioners with frozen pensions parity' petition is hosted on the petitions-parliament website here.Latest State Pension News The UK Government has pledged to honour the Triple Lock guarantee for 2024/25. As it stands, the September Consumer Price Index measure is 6.7 per cent and earnings growth measure is 8.
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