Overview

• Some 450,000 UK state pensioners abroad in frozen jurisdictions receive no annual uprating beyond their initial payment level
• Interactive Investor calculates affected retirees could lose nearly £70,000 over 20 years and around £26,000 over 15 years
• The triple lock guarantee—linking annual increases to inflation, earnings growth or a 2.5% floor—applies only in the UK and in countries with reciprocal agreements
• Reciprocal uprating deals cover nations such as the US and EU member states but exclude key retiree destinations like Canada and Australia
• Financial advisers urge topping up National Insurance records, considering pension deferral and building private savings to offset frozen state pension income