THE UK government has announced it will continue to uprate the UK State Pension paid to people living in the EU each year for the next 3 years.
The State Pension has already been uprated in the EU for the year April 2019 to March 2020.
But the government is now committed to uprating the UK State Pension paid to those living in the EU until March 2023 – in the event that the UK leaves the EU without a deal.
The government plans to negotiate an agreement with the EU to make sure UK State Pensions will continue to be uprated, according to a statement issued today.
The UK basic and new State Pension is uprated by either 2.5%, average wage growth or by prices growth as measured by the Consumer Price Index – whichever is highest.
British Consul Charmaine Arbouin said: “From the many outreach events that we have held across Spain and the Facebook live sessions that we’ve done for UK nationals, we know that the uprating of pensions is an issue of great concern to many people living here.
“I hope that the news will provide reassurance that their pensions will continue to rise.”
There is no need for individuals to take any action unless your circumstances change between now and 31 October, in which case you should contact the office that pays your pension or benefit to let them know.