State pension is an important sum to help elderly Britons stay out of poverty in later life.
However, some pensioners are receiving lower sums than others, based on where they live.
Despite paying in, expat pensions are frozen in certain countries.
Where are British pensioners missing out on their state pension?
State pension: 510,000 UK pensioners have payments FROZEN – how much are you entitled to?
The 510,000 retired expats don’t benefit from increases to pensions.
This includes those living in Canada, Australia and New Zealand.
Those living in USA, the European Economic Area, the Philippines, Barbados, Bermuda and Israel do get the same increases as those in the UK.
Now a former MP has spoken out about the rules, and a statutory instrument that he claims is making it hard to end the frozen pensions.
Conservative and former minister Sir Peter Bottomley said: “The government has cynically tied together the unjust freezing of the pensions of 510,000 UK pensioners who paid into the system, many of whom served this country, with increases in important social security benefits.
“This blocks many MPs from joining me in standing against this injustice.
“This is grossly unfair and against democracy. I firmly believe that MPs deserve a vote on the frozen pension policy and that is why I am praying against this statutory instrument to force the government to allow debate on the issue.”
What happens to your state pension if you choose to retire abroad?
The UK government said: “You can claim State Pension abroad if you’ve paid enough UK National Insurance contributions to qualify.
“You must be within 4 months of your State Pension age to claim.”
Pensions: Everything you need to know
Pensions: Everything you need to know about your pension.
How much should I put in my pension?
It added: “Your pension will go up to the current rate if you return to live in the UK.”
Is the state pension taxable?
The short answer is yes, state pensions are taxed as they are treated as income.
However, many people may not pay any tax on their state pension, depending on how much they are getting annually. State pension is paid to Britons gross (without any tax deducted) for this reason.
The full state pension is currently £168.60 per week. Yearly, this equates to £8,767.20.
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