£115.95 UK Basic State Pension from April 2015

Forums Living In Crete Pensions and #Retirement Living £115.95 UK Basic State Pension from April 2015

Pensions and #Retirement Living

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        Only a 2.5% Increase

        Following the Chancellor of the Exchequers speech on December 3, the UK government confirms pensioners will get the full 2.5% increase in weekly State Pension payments from April 2015. This will take the weekly rate up to £115.95, an increase of £2.85 per week.

        The government says that around 900,000 of the poorest pensioners will benefit from a further boost. This is because the government has decided to pass through the cash rise in the basic State Pension to the standard minimum guarantee in Pension Credit.

        This measure will help pensioners on lower incomes by pushing the guarantee up to £151.20 for single people from April 2015.

        A number of Brits in Crete could do with such a leg up but of course those living elsewhere in Europe and not in mainland UK are treated like lepers by the people who run Britain these days. How much of an additional expense to the Treasury if ex-pats facing hard times on the continent all up sticks and return home at the same time? Maybe all should go back for a 3 months "temporary visit" and see how that gums up the works!

        UKGov’s original release

        PS – It is an eye opener to see "all" the benefits that will be adjusted for April to be found on the page of the link above.

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