453000 People Not Due Pension Increase
They’re the “frozen” pensioners. You know, the ones who moved abroad to sunny Spain or a cottage in France. Living the dream, right? Well, not exactly.
Their pensions are stuck at the rate they were when they left the UK. No annual increase. No cost-of-living bump. Zilch. It’s like their pension clock stopped ticking the moment their plane took off.
Think of it as a travel time capsule. A retiree who moved to Canada in 2015 is still getting 2015 money. Meanwhile, their neighbor back in rainy Manchester just got a juicy 8.5% raise. Ouch.
The funny (and cruel) twist
Here’s where it gets absurdly specific. The freeze only applies to some countries. Move to Australia? Frozen. Move to the United States? Frozen. Move to the European Union? Frozen—unless you moved to a country with a special deal.
Got a villa in Gibraltar? Congratulations, you’re getting the full increase. Gibraltar—the tiny rock at the bottom of Spain. But if you’re across the border in Spain itself? Nope. Hard luck. It’s a lottery, but the only prize is a slight sense of injustice.
Even funnier? The UK has deals with places like Jamaica and Barbados to increase pensions. But Canada and New Zealand? Frozen. It’s like the pension system was designed by someone playing a giant game of darts with a map.
Pensioners to pay “retirement tax” within three years, according to