More than 500,000 British pensioners currently living overseas will not see a penny of the £460 state pension rise due in April 2023 because of a 'totally immoral' DWP rule
The triple lock mechanism, introduced by the coalition government in 2011, was designed to protect pensioners from inflation. It promised to increase the state pension annually by the highest figure between inflation, wage increases and 2.5%.
Since his death in 2016, her only income has been the British state pension she inherited, which amounts to just £67 a week, reports the Manchester Evening News. Pensioners are calling on the Prime Minister to overturn what they describe as the "totally immoral" policy that prevents them from receiving an annual increase in their pensions. This rule has been in effect since 1955, which predates the birth of some of the pensioners who are now adversely affected by it.
Statistics suggest that 40% of British pensioners living abroad are in countries without these agreements, with more than 80% of 'frozen' pensions being received by those in Australia, Canada, and New Zealand. In contrast, Canada and Australia have secured agreements that allow their pensioners residing in the UK to benefit from annual increases.
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