Green Party Promises End to Frozen Pensions

The battle is on for expats who have frozen British pensions, and it seems that they have gotten a new ally on their side. The Green Party has given their commitment to restore the full pensions of British expats whose pensions have been frozen.

This would, of course, be a welcome change to expats as they continue to struggle living in countries like Canada without the benefit of having any increase at all to the amount that they are getting. This of course becomes a problem over time as the cost of living is always expected to rise.

Having to budget the same amount of money year after year as commodities become more expensive has become too tough for a lot of them, forcing them to return to their homeland before matters become worse.

Of course, this issue is not the same in every country that expats fly to. Those who choose to move to the USA for example, still enjoy full pension benefits, up to some extent. This has made the US a great option for a lot of people who are considering leaving the UK and taking not only their state pensions with them, but their occupational pensions as well.

As far as occupational pensions are concerned, as long as you find a pension fund under the QROPS list that could accommodate your transfer, then everything else should go smoothly. Of course, certain guidelines have to be met, so it is always best to consult a pension expert to make sure that you have everything you need.

As far as people with frozen British pensions are concerned, they could only hope for changes to come soon if they want to survive living in other countries. Otherwise, expats would eventually be forced to go back to the UK, a country that they have already decided to leave for a vast number of reasons before.