British expats face losing £50k with pension freeze

Pedro Gonçalves
clock • 2 min read

Britons who decide to retire to a country with no social security agreement with the UK could lose as much as £50,000 in pension income over the years as a result of their pension being frozen. The 666,000 retired expats who live in Europe and a handful of countries further afield, such as the US, Jamaica and the Philippines see their payments regularly uprated. But 528,000 have their pensions frozen, the vast majority of them living in Commonwealth countries including Australia, Canada, New Zealand and South Africa. The state pension only increases annually if a person lives in the E...

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