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Oz minister condemns frozen pensions
| Published: | 22 May at 6 PM |
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Jenny Macklin, Australia’s minister for families and community services, has censured the UK’s frozen pensions policy.
Issued a statement in Canberra, Ms Macklin stated that Australia’s government considered Britain’s indexation policy as unfair and discriminatory. She said that all British pensioners have, in good faith, paid into the National Insurance Fund following the same rules.
She announced that the Australian government believed that British pensioners should be given their pensions with the same conditions regardless of where they currently live.
The frozen pensions rule currently punishes about 555,000 UK expats in more than 100 nations. However, over half of all these expats (252,000) now live in Australia.
Along the lines of the frozen pensions rule, their UK pensions have not been uprated with inflation since they left Britain. As a result, several frozen pensioners who left a long time ago are surviving only with the aid of Australian assistance.
Ms Macklin stated that about 190,000 of the UK’s frozen pensioners now collect an Australian age pension, for which the cost is about AUS $100 million per year.
Australia could be saved this amount if the UK government gave their expats their "fairly indexed" pensions, as reported by The Telegraph.
Issued a statement in Canberra, Ms Macklin stated that Australia’s government considered Britain’s indexation policy as unfair and discriminatory. She said that all British pensioners have, in good faith, paid into the National Insurance Fund following the same rules.
She announced that the Australian government believed that British pensioners should be given their pensions with the same conditions regardless of where they currently live.
The frozen pensions rule currently punishes about 555,000 UK expats in more than 100 nations. However, over half of all these expats (252,000) now live in Australia.
Along the lines of the frozen pensions rule, their UK pensions have not been uprated with inflation since they left Britain. As a result, several frozen pensioners who left a long time ago are surviving only with the aid of Australian assistance.
Ms Macklin stated that about 190,000 of the UK’s frozen pensioners now collect an Australian age pension, for which the cost is about AUS $100 million per year.
Australia could be saved this amount if the UK government gave their expats their "fairly indexed" pensions, as reported by The Telegraph.
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