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Pension uplift

Posted: Thu Nov 24, 2022 7:50am
13 replies1054 views11 members subscribed
Brightonsuperwomn

Brightonsuperwomn

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Can someone put my mind at rest please.  Does Spain have an uplift agreement with the UK over pensions?  I have seen an alarming news report about expat pensions being frozen.  (I can’t post it on here as it came to me in a WhatsApp and I don’t know how to repost it?!)

aitchc1401

Posted: Thu Nov 24, 2022 8:01am

aitchc1401

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Posted: Thu Nov 24, 2022 8:01am

See the attached from the UK Gov website, you will get increases living in Spain.

https://www.gov.uk/state-pension-if-you-retire-abroad/rates-of-state-pension

Aitch.

Brightonsuperwomn

Posted: Thu Nov 24, 2022 8:31am

Brightonsuperwomn

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Posted: Thu Nov 24, 2022 8:31am

aitchc1401 wrote on Thu Nov 24, 2022 8:01am:

See the attached from the UK Gov website, you will get increases living in Spain.

https://www.gov.uk/state-pension-if-you-retire-abroad/rates-of-state-pension

Aitch.

Thank you so much Aitch.  Regards 

janiceroquero

Posted: Thu Nov 24, 2022 12:37pm

janiceroquero

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Posted: Thu Nov 24, 2022 12:37pm

Brightonsuperwomn wrote on Thu Nov 24, 2022 7:50am:

Can someone put my mind at rest please.  Does Spain have an uplift agreement with the UK over pensions?  I have seen an alarming news report about expat pensions being frozen.  (I can’t post it on here as it came to me in a WhatsApp and I don’t know how to repost it?!)

What is an uplift agreement?

Cheers, J

aitchc1401

Posted: Thu Nov 24, 2022 3:14pm

aitchc1401

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Posted: Thu Nov 24, 2022 3:14pm

janiceroquero wrote on Thu Nov 24, 2022 12:37pm:

What is an uplift agreement?

Cheers, J

Annual UK pension increases is what I assumed, as described in the UK Gov link.

Aitch.

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janiceroquero

Posted: Thu Nov 24, 2022 3:17pm

janiceroquero

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Posted: Thu Nov 24, 2022 3:17pm

aitchc1401 wrote on Thu Nov 24, 2022 3:14pm:

Annual UK pension increases is what I assumed, as described in the UK Gov link.

Aitch.

Thank you, Aitch. Never heard that phrase before.

Cheers, J

Brightonsuperwomn

Posted: Thu Nov 24, 2022 5:39pm

Brightonsuperwomn

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Posted: Thu Nov 24, 2022 5:39pm

janiceroquero wrote on Thu Nov 24, 2022 12:37pm:

What is an uplift agreement?

Cheers, J

It’s an agreement between the uk and some countries that they will continue to pay its ex pats any increases in the state pension.  Countries such as Canada don’t have this uplift agreement’ with the uk so pensioners have their benefits frozen when they go to live in Canada…not sure what other countries do this?   I saw that Canadian officials were in the uk recently trying to get this changed. Regards 

SClayton

Posted: Sat Nov 26, 2022 11:49pm

SClayton

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Posted: Sat Nov 26, 2022 11:49pm

janiceroquero wrote on Thu Nov 24, 2022 3:17pm:

Thank you, Aitch. Never heard that phrase before.

Cheers, J

GerryJ

Posted: Sun Nov 27, 2022 12:51pm

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Posted: Sun Nov 27, 2022 12:51pm

The thing I can't get my head around, is why an 'Agreement' is required between the UK and other countries to raise pensions. Surely, what they pay expats, who have paid into the system exactly the same as everyone else, should be between them and the pensioners. How on earth does this have any bearing on the host country, other than more money coming in? It's not like the host country are footing the bill.

Kimmy11

Posted: Sun Nov 27, 2022 11:53pm

Kimmy11

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Posted: Sun Nov 27, 2022 11:53pm

GerryJ wrote on Sun Nov 27, 2022 12:51pm:

The thing I can't get my head around, is why an 'Agreement' is required between the UK and other countries to raise pensions. Surely, what they pay expats, who have paid into the system exactly the same as everyone else, should be between them and the pensioners. How on earth does this have any b...

...earing on the host country, other than more money coming in? It's not like the host country are footing the bill.

Hi GerryJ,

Without seeing the article, I think the "Agreement" referred to is probably the Brexit Withdrawal Agreement, in which Section 2 protects Citizens' Rights, both in the EU and the UK.  People who are covered by the Withdrawal Agreement, i.e. those UK citizens who became legally resident in Spain (and elsewhere in the EU) before Brexit, will have generally the same rights to work, study and access public services and benefits as they did before the UK left the EU.  But you're correct to say that the UK pays the pension to its' State retirees living here and only the UK decides whether uprating will continue to be applied to our pensions.  Spain's interest in this is that UK State pensions are taxed in Spain, rather than the UK.

Kind regards,

Kim

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