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Powered by Stock Trader| UK Pension Decisions leaves Expatriates' Benefits Frozen |
| Written by Martin Young |
| Monday, 22 March 2010 05:20 |
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The Long awaited decision by the European Court of Human rights has found in favour of the British Government. The Strasbourg court voted by 11 to 6 to maintain the pension freeze. Under current rules British Pensioners retiring in Australia, Canada or Asia will find that their UK pension benefit is frozen and will not increase with inflation. This is in contrast to retirees in Europe or the USA who still receive the inflation-linked pension benefit. The decision is expected to save the UK exchequer £500 million per year.
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