450,000 British expats face a £4,900 annual pension shortfall due to frozen pensions.
A financial disparity is emerging between British pensioners abroad and those in the UK, with over 450,000 expats facing a £4,900 annual shortfall due to frozen pensions. This gap, affecting 40% of retirees overseas, has doubled in a year, raising concerns about financial security amid inflation. Experts warn that the UK's state pension triple lock may be re-evaluated for affordability, potentially leading to a shift to a less generous system.
October 03, 2024
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