Retirement plans could be scuppered in non-EU countries

Those looking to retire abroad, however, have been warned that emigrating may affect their pension payout in the long run. When individuals emigrate, increases to their UK state pension only apply if they are living in an EU state or in a country with a reciprocal social security agreement with the UK. Outside of these countries, migrants' yearly state pension income is frozen at the amount paid when first claimed. This means that Brits emigrating to Australia, Canada, New Zealand and South Africa would all face pension freezes, which in real terms could mean an income cut. Andrew ...