Nov 28 2015

UK Chancellor cuts Pension benefits for Brits abroad

Anyone who is out of Britain for more than a month will lose their pension credit.

Anyone who leaves Britain for more than a month will lose their pension credit, in a blow for retirees who spent time overseas

The above headlines look very scary…

The story from the Telegraph

The cut-off point for losing the means-tested pension credit will be reduced from 13 weeks spent overseas to just four from next April, Chancellor George Osborne announced on Wednesday.
“The benefit system should not subsidise those on benefits to go abroad for extended periods”
Chancellor George Osborne’s spending review
Pension credit is an extra payment that guarantees most people over 62 a minimum income. The same reduction from 13 weeks to four is being applied to housing benefit, which is often claimed alongside the pension credit.

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