When the 4% rise in state pension was announced, many breathed a sigh of relief but 500,000 pensioners already know they won’t see a penny of that
The triple lock mechanism was originally introduced by the coalition government in 2011 to shield pensioners from inflation by promising to raise the state pension every year by the highest figure between inflation, wage increases and 2.5%. However, many pensioners haven’t been able to get a single one of these increase.
She receives no other help from the UK or South African government and is struggling to make ends meet. The 87-year-old revealed that her husband was never advised that his pension would be frozen if he decided to retire in another country without a reciprocal agreement. Join the Money Saving Club WhatsApp channel aimed at saving you money and powered by the best content from Reach's national and regional titles
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