Did you believe that slavery was abolished in the United Kingdom? Then you have to check out things if you want to bring your state pension abroad.
If you move to countries outside the European Economic Area, Switzerland, and certain countries which have a social security agreement with the UK, your state pension will be FROZEN. That means that if you e.g. receive a pension of 10.000 Pounds in 2015, your pension in 2030 will still be 10.000.
This is modern slavery. If you move to most countries in the world your pension will be slashed. Most pensioneers in the UK have a meager pension. They are in fact slaves because they are forced to stay in their home country the rest of their life.
It is NOT necessary to say that the rich who do not have to live and rely on state pensions are exempted from this modern slavery.
IF YOU YOU GET YOUR PENSION FROM NORWAY YOU CAN BRING YOUR FULL PENSION WITH YOU ANYWHERE IN THE WORLD.
2. Rates of State PensionFind out what the current State Pension rate is.
Your State Pension will increase each year, but only if you live in:
- the European Economic Area (EEA)
- certain countries that have a social security agreement with the UK