This year, state pension payments are rising in line with wage growth, which was 4.1% - but half a million older Brits won't see any increase at all
Around 453,000 UK state pensioners living abroad, particularly in countries like Australia, New Zealand, and Canada, will miss out on a 4.1% state pension increase (worth up to £470 annually) due to a lack of reciprocal agreements with the UK. While state pensions are rising in line with wage growth under the triple lock, these expats' pensions will remain frozen at their initial rate unless they reside in the EEA, Switzerland, or a country with a social security agreement with the UK (excluding Canada and New Zealand).
