Published On: Wed, Jun 19th, 2019

State pension: Full list of countries where Britons overseas WILL see payments go up | Personal Finance | Finance

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The full state pension amount increases each year, under the triple lock guarantee. Introduced in 2011 by the coalition government, this means that its rise per year depends on which is the greatest of 2.5 per cent, the percentage growth in prices in the UK as measured by the Consumer Prices Index (CPI), or the average percentage growth in wages in Great Britain. For those with a protected payment, the increase each year is in line with the CPI. The triple lock guarantee is designed to ensure pensioners get significant increases in the state pension each year, allowing them to cope with a gradual increase in the cost of living.

The UK state pension is based on a person’s UK National Insurance record. In order to be eligible for the new state pension (which applies to men born on or after April 6, 1951, or April 6, 1953), at least 10 years of UK National Insurance contributions must have been paid.

These 10 qualifying years may be made up if someone has spent time abroad, and this may be most likely if an individual lived or worked in a number of particular countries.

The gov.uk website explains that these are the EEA, Gibraltar, Switzerland, and certain countries that have a social security agreement with the UK.

It is possible to claim the new state pension overseas in most countries. That said, the annual increases will only be applied to the state pension payments of pensioners living in certain countries.

Those who live abroad will only get the rise if they live in the EEA, Gibraltar, Switzerland, and certain countries that have a social security agreement with the UK.

These may also be known as bilateral agreements or reciprocal agreements.

The full list of these countries may be found on the government website, and includes Barbados, Israel, Turkey, and the USA.

While the UK has social security agreements with Canada and New Zealand, the government website states: “You cannot get a yearly increase in your UK State Pension if you live in either of those countries.”

Full list of countries in which UK expats will usually benefit from annual rise in state pension amount

  • Austria
  • Barbados
  • Belgium
  • Bermuda
  • Bosnia-Herzegovina
  • Bulgaria
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Gibraltar
  • Greece
  • Guernsey
  • Hungary
  • Iceland
  • Ireland
  • the Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Jersey
  • Kosovo
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macedonia
  • Malta
  • Mauritius
  • Montenegro
  • Netherlands
  • Norway
  • the Philippines
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Serbia
  • Sweden
  • Switzerland
  • Turkey
  • USA



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