Many retirees living abroad can now vote for the first time due to the recent changes in the overseas voting rules.
The Conservative Party manifesto confirms that a General Election win on July 4 will see the introduction of the ‘Triple Lock Plus’, a new measure that will ensure the Personal Allowance - which has been frozen at £12,570 since April 2021 - rise in-line each year with the Triple Lock. This guarantee would mean that the Personal Allowance is always higher than the maximum rate of the New State Pension , which is now worth £11,502 annually.
However, nearly half a million older people living overseas currency do not qualify for any uplift to their payments - even though they have accrued the required amount of National Insurance Contributions before taking retirement. “Some of those affected are receiving a UK State Pension as little as £20 per week. It seems politically bizarre not to have done so. Many of the overseas pensioners can vote for the first time due to the recent changes in the overseas voting rules introduced by his Government.
Campaigners warn “many are now living in poverty despite paying their National Insurance contributions in full”. Retired expats in the European Economic Area will continue to receive annual increases to their State Pensions under the Triple Lock, as will those in a host of other countries including the Philippines and Turkey.
Benefits Retirement General Election Pensions Personal Finance Money Worries Poverty UK Government
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
What will the election mean for your pension: Is the state pension 'triple lock' safe?We look at the promises the parties are making, what they will avoid talking about during the campaign, and what they might really do after the polls close.
Weiterlesen »
New plans for State Pension 'Triple Lock Plus' to stop older people paying taxRishi Sunak has promised to increase the Personal Allowance threshold for State Pensioners.
Weiterlesen »
New State Pension 'Triple Lock Plus' plan could see people working longerA retirement expert warns the next government will need to do a full review of the State Pension to ensure its sustainability.
Weiterlesen »
State pension triple lock is ‘too expensive for UK to keep’International Monetary Fund warns the UK's state pension mechanism should be abolished
Weiterlesen »
State pension could rise to £935 a month as experts make triple lock predictionThe triple-lock means that, even if inflation falls, pensioners will still get a payrise
Weiterlesen »
Long-term plan for State Pension and Triple Lock key parts of General ElectionThe planned increase to the State Pension age could also be a key factor on the campaign trail.
Weiterlesen »