Author Topic: No deal = no pension uprating  (Read 1681 times)

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Offline Maik

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No deal = no pension uprating
« on: Monday, 02 September, 2019 @ 01:45:02 »
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Government branded immoral over pensions of UK citizens in EU
Failure to guarantee link to state pension increases for life condemned by campaigners

The government will not give a lifetime guarantee to index-link the pensions of British nationals who have retired in the EU if there is a no-deal Brexit, a decision that has been described as “immoral” by campaigners.

The government currently continually increases the payout of the basic state pension by either 2.5%, average wage growth or by the consumer price index, whichever is higher, on a reciprocal basis under EU regulations, a practice known as uprating.

The government has resisted calls for an indefinite continuous uprating for the 222,000 Britons living in EU member states after Brexit, despite the financial hit they have already taken.

Since the referendum, the value of the pension, worth up to £130 a week, has decreased by up to 20% because of the collapse in the value of sterling.

The decision will also affect around 240,000 EU citizens who have worked in the UK and are entitled to a British state pension.

Under a no-deal Brexit, all pension increases for British nationals in the EU were due to have stopped in March but the government has now said it will continue with the rises, in line with those given to retirees living in the UK, for the next three years.

Campaigners for UK citizens resident in the EU have welcomed the three-year stay but say they are disappointed pensioners will be used for negotiations again three years down the line.
https://www.theguardian.com/money/2019/sep/01/government-branded-immoral-over-pensions-of-uk-citizens-in-eu

Offline Maik

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Re: No deal = no pension uprating
« Reply #1 on: Sunday, 08 September, 2019 @ 17:04:26 »
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Living in Greece

Last updated 3 September 2019

    Brexit update: Pensions section updated to include further details on State Pension uprating. 

Pensions

You will need to tell the UK government offices that deal with your benefits, pension and tax if you are moving or retiring abroad.

If you retire to Greece, you can claim:

    your UK State Pension or new UK State Pension - contact the International Pension Centre to claim
    your pension from your local EOPYY (in Greek) office, if you have worked in Greece
    pensions from working abroad, if you have worked in other EU countries

Life certificates for UK state pensions

If you get a ‘life certificate’ from the UK Pension Service, you need to respond as soon as possible. Your payments may be suspended if you don’t.

The UK government will continue to pay a State Pension to those eligible in the EU after Brexit. Your UK State Pension will be uprated in April 2020, 2021 and 2022 if you live in the EU, EEA or Switzerland. 

Read our guidance on pensions if there’s no deal.
https://www.gov.uk/guidance/living-in-greece