The DWP has no plans to lift the triple lock on state pensions for UK expats.
Under the triple lock, state pension payouts increase every year, with an increase of 8% expected next year. Many British expats living abroad, on the other hand, will not benefit from the rise, and the DWP has stated that it has no plans to reform the system.
The state pension income for British seniors, which includes a number of people living overseas, grows every year under the triple lock. Payments may increase by 8% in 2022 due to the potential impact of the coronavirus on earnings rates.
Those who live in the following areas will also experience an increase in their payments:
This list includes retirees from all over the world, although Australian and Canadian pensioners are not included.
The Department of Work and Pensions has been requested to collaborate with the governments of these nations in order to add them on the list.
Hundreds of thousands of British seniors living overseas would be affected, but the DWP declined to change the regulations yesterday.
Charlotte Nichols, the Labour MP for Warrington North, recently pressed the Department for Work and Pensions (DWP) for action in the Commons.
“To ask the Secretary of State for Work and Pensions whether she proposes to lift the freeze and increase pensions for British expats in Canada,” Ms Nichols added.
Guy Opperman, the Parliamentary Under-Secretary for the Department of Work and Pensions, answered to this question on July 13.
“The government has no plans to change this policy,” Mr. Opperman added.
“The policy of uprating UK State Pensions paid abroad has been in place for almost 70 years and has been supported by successive postwar governments.”
The All-Party Parliamentary Group on Frozen British Pensions issued an inquiry into the subject in late 2020, addressing the “freezing” of state pensions for foreign retirees.
The Group revealed in December that the governments of Canada and Australia, two countries with substantial populations of British retirees, had submitted scathing evidence condemning the program.
Both of these governments have stated their preparedness and willingness to engage with the UK government to terminate this policy, according to the evidence considered in the report, but the emphasis has been placed on the fact that the issue can be remedied through UK domestic law.
It was noted that both Canada and Australia provide full state pensions to its retirees who live in the United Kingdom, with the United Kingdom being the only OECD country to pay pensioners differently depending on where they live. “Brinkwire News in Condensed Form.”