Nearly 500,000 people will not get new State Pension payments worth up to £221.20 per week during the 2024/25 financial year.
Millions 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.
Under the Triple Lock, the State Pension increases each year by whichever is the highest between average annual earnings growth from May to July, the Consumer Price Index inflation rate in the year to September or 2.5 per cent. The campaign also highlights how many of the State Pensioners affected worked as nurses, firemen, police officers and other public servants, some are military veterans.
“Those in countries with reciprocal agreements are unaffected so if you were a pensioner in the USA you would continue to get an uprating, but if you lived just across the border in Canada you would not.As an example of the difference between State Pensions for those living in the UK and those in a non-reciprocal agreement country, a pensioner aged 90 who has lived in a ‘frozen country’ for the duration of their retirement will receive a State Pension of just £43.
Latest State Pension News Online petition An online petition on the End Frozen Pensions website has already received more than 20,000 signatures of support. The petition highlights a number of people who have retired abroad and are missing out on the annual State Pension uprating. You can view the video and petition here.Basic State Pension payment rates 2024/25 These payments will rise by 8.5%:
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