450,000 state pensioners set to miss out on the next DWP payment rise

Half a million pensioners are set to miss out on a state pension rise after a "lack of commitment" in the General Election manifestos. The Conservative Party and Labour Party head to the polls on July 4, with Sir Keir Starmer leading the race.

The Liberal Democrats have launched their Party manifesto which pledges to maintain the State Pension Triple Lock, in a move similar to that of Labour and the Conservatives. But no party has committed to frozen pensions.

Edwina Melville-Gray, board member of the International Consortium of British Pensioners (ICBP), said: “We are deeply disappointed by the lack of commitment in the Liberal Democrat manifesto, towards ending ‘frozen’ pensions and the longstanding injustice dealt to nearly half a million British pensioners living overseas.”

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She added: “Despite this Party’s previous support on this issue, we are faced once again with empty promises and a political party unwilling to stand up for this key, yet further forgotten, group.” Helen Morrissey, head of retirement analysis at Hargreaves Lansdown said: "Different countries have different rules and regulations and it’s really important that you understand how these are going to affect you before you make the decision to retire abroad.

"For instance, tax rules can differ, and you could find yourself massively out of pocket if you fall foul of them. State pension is no different - it’s vital you check with the International Pension Centre about the rules before you go to save yourself a nasty shock.

"The government has been challenged on whether it could reverse the policy, but it has refused to do so on the basis of cost.” A DWP spokesperson said: “Our priority is ensuring every pensioner receives the financial support to which they are entitled. We understand that people move abroad for many reasons and we provide clear information on GOV.UK about how this can impact their finances.

“The Government’s policy on the uprating of the UK State Pension for recipients living overseas is a longstanding one of more than 70 years and we continue to uprate State Pensions overseas where there is a legal requirement to do so.”