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Ethnic minority UK citizens retiring abroad miss out on full state pension
02 December 2011
Ethnic minority UK citizens retiring to countries outside of Europe could lose up to £24,000 over 20 years due to their UK Basic State Pension not being up rated in line with inflation.
The discovery was made in our latest report “To Stay or Not to Stay: Retirement Migration Decisions among Older People”.
The report found that while UK pensions are uprated in a small number of non-European countries such as the USA, Jamaica and Barbados, pensions are frozen in the vast majority of Caribbean, Asian, African and South American countries.
This affects many Black and Asian Britons retiring to their country of birth in the Caribbean, Africa and South Asia, as well as others who choose to leave the UK to retire in Australia or Canada.
Read the full press release.
