PENSIONS UPDATE - The UK leaving the EU will not affect UK pensioners’ entitlement to continue getting the UK State Pension if they live in European Economic Area (EEA) states or Switzerland. Payments will automatically continue after 31 October into their bank account.
Uprating will also continue for 3 years in EEA states and Switzerland. This means that the UK State Pension is increased using the triple lock. The triple lock ensures that the State Pension goes up by 2.5%, the rate of inflation or average earnings – whichever is highest.
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