Nearly half a million people will not get the State Pension uprating next April.
Earlier this week, the Office for National Statistics announced the UK inflation rate for May fell to the lowest level in nearly three years. The Consumer Price Index slowed to 2.0 per cent, down from 2.3 per cent in April, and is now at the lowest level since July 2021.
Using the current measure of the earnings growth , some 2.7 million people on the full New State Pension could see weekly payments rise from £221.20 each week to £234.45 - some £937.80 every four-week pay period. This is because they have retired abroad and now live in a country that does not have a reciprocal agreement with the UK Government. This means that some retirees have seen their State Pension frozen at the point of emigration. However, the ‘End Frozen Pensions’ campaign aims to end the “injustice of pensions for Britons who have moved abroad” who do not receive the annual increase in line with the Triple Lock policy.
The End Frozen Pensions campaign explains: “They moved, often to be near family, to live in one of the countries without a reciprocal agreement to inflation link their State Pension, so their pension is ‘frozen’ at the level it was at when they left the UK. Retired expats in the European Economic Area will continue to receive annual increases to their State Pensions under the Triple Lock, as will those in a host of other countries including the Philippines and Turkey.
Her State Pension doesn’t increase in-line with the triple Lock, so it falls in real value year-on-year. If she had stayed in the UK she would be receiving £156.20 per week on the Basic State Pension rate.
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