My name's Alex and this is my website all about Catral in Spain. Register now for free to talk about General Catral discussion and much more!
swcoulthurst wrote on Thu Oct 6, 2022 3:34pm:
I am in Spain. The reason your pension payment has dropped is because of the exchange rate. Nothing to do with Spain. So for simplicity sake, if you are on state pension of £185.15 per week. 185.15x52/12 gives you the monthly amount of £802.31. At an exchange rate today of 1.14, your pension is...
Read more...
... €914.63. Maybe I'm being thick, but which is the largest amount to spend? However after the recent rate of 1.11 it would have been €890.56 and you can blame Spain for Lizz Truss opening her mouth. Just think 3 years ago at the same monetary value of £802.31 and an exchange rate of 1.16 you would have got €930.67. It is the money market and weakened pound that effects your pension, not living in Spain.
Sounds good but the older pensioners don’t get anywhere as much pension, they gave a big rise to new claimants but existing pensioners didn’t get it.
