answer text |
<p>The three year State Pension up-rating guarantee was part of the Government’s no
deal preparations. The Withdrawal Agreement has now been ratified.</p><p> </p><p>Under
the terms of the Withdrawal Agreement, UK state pensioners living in the EEA or Switzerland
by 31 December 2020 will have their state pensions increased annually as long as they
continue living there.</p><p> </p><p>Currently, the basic state pension and amounts
of new state pension up to the full rate are increased in line with the “triple lock”
mechanism, which ensures they will rise each year by the highest of either 2.5 per
cent, the rate of price inflation or average earnings growth.</p><p> </p><p>People
will get their state pensions up-rated in the EU even if they claim their pension
on or after 1 January 2021, as long as they meet the UK state pension qualifying conditions
and are covered by the Withdrawal Agreement.</p><p /><p>The position of those who
do not fall within the scope of the Withdrawal Agreement will be covered by the future
relationship with the EU, which is yet to be negotiated.</p><p><strong> </strong></p><p>
</p>
|
|