John Duguid is one of the estimated 500,000 British expats receiving what is known as a frozen state pension
When John Duguid, 74, retired at the age of 65 his UK state pension was frozen at £82 per week in April 2015. He calculates he has lost £7,100 in those nine years.
Mr Duguid is one of the estimated 100,000 British expats in Canada receiving what is known as a frozen pension – where recipients’ state pension payments remain fixed, gradually becoming less and less valuable.which means it will go up in line with inflation, average wage growth or 2.5 per cent . Mr Duguid, chair of the International Consortium of British Pensioners said the frozen state pension is a “serious shock” for many ex-pat pensioners but he is in a “different position”.
“I enjoy living in Canada, it’s a beautiful country – the scenery is beautiful and it is a wonderful place to live. “ comes as retirees living on the full new state pension would face a tax bill of at least £130 by the end of the decade if Rachel Reeves goes ahead with plans to extend a freeze on income tax thresholds
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