1 week Ago By [email protected] (James Rodger)
MILLIONS of state pensioners will NOT receive the £473 Triple Lock hike from the new Labour Party government next year. Millions of individuals over the State Pension age are set to see a 4.1 per cent increase in their weekly payments next April.
But ome will miss out. Nearly half a million pensioners will miss out on increased payments because they have chosen to retire abroad. Under the earnings growth element of the Triple Lock (4.
1%), those on the full New State Pension will see payments rise by £9.10 per week from £221.20 to £230.
30. Individuals on the full Basic State Pension are set for a significant increase in their weekly payments. In the financial year 2025/26, recipients will see a rise of £6.
95 per week, from £169.50 to £176.45.
This equates to an extra £921.20 every four weeks, leading to an annual increase of £473.60, with total payments going from £11,502 to £11,975.
60. READ MORE TMZ issues major update after publishing Liam Payne dead body photos Pensioners will enjoy an additional £705.80 per four-week period.
Annually, this represents a boost of £361.40, raising the total yearly pension from £8,814 to £9,175.40.
Meanwhile, the International Consortium of British Pensioners (ICBP) is championing the 'End Frozen Pensions' campaign. Representing approximately 453,000 expatriate pensioners affected by 'frozen pensions', they aim to "end the injustice" experienced by UK pensioners living abroad in countries without a reciprocal pension agreement with Britain, such as Canada, Australia, and New Zealand. These expatriates receive a static State Pension at the rate it was when they left the UK, ignoring their history of employment and National Insurance Contributions made while in Britain.
John Duguid, Chair of the End Frozen Pensions campaign,said: "Every single one of us forgotten British overseas pensioners impacted by this cruel, outdated policy are immensely indebted to Anne for shedding light on this poorly understood scandal." He added: "That she is prepared to travel halfway across the world, aged nearly 100, to fight for others is testament to her relentless drive and profound sense that it should not be this way. While she should not have to make this journey, it is my sincere hope that the Prime Minister will grant her this one small wish.
Out of courtesy for her wartime service, her lifelong dedication to Britain, and the suffering she has unnecessarily endured.".
