web analytics

Over half a million expats denied full pension

Posted by on Mar 20, 2012 in Retirement | 0 comments

Over half a million British retirees living overseas had their pensions frozen when they started drawing them abroad
The Telegraph
By Leah Hyslop

10:42AM GMT 20 Mar 2012

The statistics were revealed by Lord Freud, the minister for welfare reform, after the Liberal Democrat peer Lord Jones of Cheltenham applied for a written answer identifying “how many people living outside the United Kingdom received non-uprated United Kingdom state pensions in the most recent period for which data is available, broken down by country and territory”.

They show that there are now well over half a million (555,650) British retirees abroad whose pensions are not inflation-proofed, as well as identifying which locations are home to the most people affected.

Nearly half (45 per cent) are living in the popular expat destination of Australia, with Canada, New Zealand, South Africa and India making up the rest of the top five.

Reacting to the figures, Tony Bockman, chairman of the International Consortium of British Pensioners, said they underlined “the shocking scale of the frozen pensions scandal”.

“Over half a million people who have worked hard and contributed to the life and health of Britain are being discriminated against because of where they have chosen to retire,” he said.

READ MORE

Leave a Comment

Your email address will not be published. Required fields are marked *

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Anti-spam image