Frozen UK pensions: why Thailand’s British retirees lose out
Frozen UK pensions mean British retirees in Thailand receive a State Pension that stays at the same weekly rate for as long as they live in the Kingdom, however much prices rise. A campaign group is now urging those affected to register to vote in the UK, arguing that organised pressure on MPs is the … The story Frozen UK pensions: why Thailand’s British retirees lose out as seen on Thaiger News .
Frozen UK pensions cause British retirees in Thailand to receive a stagnant State Pension, failing to adjust for inflation or other factors that increase the payment for those living in the UK, European Economic Area, Switzerland, or other countries with reciprocal agreements. Since Thailand lacks such an agreement, retirees' pensions remain the same for life, regardless of inflation or other economic changes.
This freeze leaves some retirees earning as little as £20 (880 baht) per week, far below the full new State Pension of £241.30 (10,600 baht) in the UK. The government maintains that the pension is payable to all pensioners, regardless of nationality, but campaigners argue that those living abroad should receive annual increases, similar to those receiving the pension in countries with reciprocal agreements.
The British Overseas Voters Forum (BOVF) is leading a campaign to register overseas voters to pressure MPs for policy change, arguing that current efforts have not yielded results.
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