An expert has said that many people will miss out due to differing rules, despite the fact that they have fully paid their National Insurance contributions
Pensioners are likely to hear from Chancellor Jeremy Hunt when he delivers his Autumn Statement on November 22 about what their income will rise by next year. The State Pension generally rises using what is known as the Triple Lock.
Nigel Green, of deVere Group, said that an estimated 500,000 older people will "continue to have their pensions frozen in value at the point of retirement date or date of emigration". The latest data from the Department for Work and Pensions shows that 12.6million people are now receiving a State Pension in Scotland, England and Wales, including 1.1m living abroad. Some 3.2m are in receipt of the New State Pension, which is currently worth up to £203.
He said: “It seems completely unjust that someone living in the USA will receive an extra £1,000, yet someone just across the border in Canada, in the same situation, will not.”
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