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EXPAT PENSIONS

UserPost

21:58
Oct 27


Ross

Santri

posts 25

1

Some of my UK expat friends have asked me about the September hearing at the European Court, when overseas residents sought to force the British Government to give them equal treatment, changing the current position whereby their pensions are frozen at the level reached when they departed the Olld Country's shores.

Basically, it was just an initial hearing, no judgement likely till next Spring. Brit pensioners in Canada and Australia are affected, and their counterparts in Indonesia too.

Perfidous Albion gives priv status to those who move to (inter alia) the old Axis countries, but not to those dwelling in Britain's oldest allies.

The folks in Canada and Oz have organised themselves into pressure groups so why don't all you guys and gals here do the same.

20:22
Nov 2


dejavu

Abangan

posts 9

2

i dont understand the UK's welfare system..what is that.Could u please explain it in the simple way? thx

23:51
Nov 3


Ross

Santri

posts 25

3

The welfare system is a mess. It would take pages to explain it, and Canad's is pretty skewed too.

What I was focusing on is the fact that you get a senior citizen pension when you hit 65, though that may be changing. Every year it rises, as of course do prices and wages. But if you move abroad, you don't get the rises!

Happily I am not yet old enough to worry about my pension status, British, Canadian or otherwise, but for those in that position, it seems very unfair.

20:19
Nov 21


bs

Santri

posts 12

4

I think the problem is how to calculate the rise. The pension correction in most European countries is based on the rise of the consumer price index, calculated by the state statistcs agency each year.

If prices rise in the U.K., that does not mean they (equally) rise in other countries. Even if they did, the same increase in pension for someone living in Indonesia would give him (or her) a higher increase in purchasing power than the person living in the U.K.

That does not seem fair does it? So I guess there's not really a simple solution to this. Anyway, a I know Dutch nationals do not get any benefits over the period they did not work in the Netherlands. This probably is the same for other countries as well. I think this has more impact on your budget at old age than the "rise" problem.




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