State Pension payment calculations will change for some people next year
The changes are linked to Brexit and the UK leaving the EU.
14:19, 3 MAY 2021
Updated
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State Pension provides essential financial support every month for over 12.6 million people across the UK.
State Pension if you ve lived in Australia, Canada or New Zealand
Changes to how your UK State Pension is calculated if you live in the EU, EEA or Switzerland and previously lived in Australia, Canada or New Zealand.
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The government intends to change the rules on how the UK State Pension is calculated if you move to live in the EU, EEA or Switzerland and you have previously lived in:
Australia, before 1 March 2001
Canada
This is because the UK has left the EU.
From 1 January 2022, you will no longer be able to count periods living in Australia (before 1 March 2001), Canada or New Zealand, towards calculating your UK State Pension if both the following apply:
State Pension payments are rising this week - here are the new rates
The DWP increased State Pension payment rates by 2.5% on April 12.
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Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice This includes State Pension payments, which have now increased by 2.5 per cent and means those claiming the full, new State Pension will receive £179.60 per week - an increase of £4.40 on the current rate of £175.20. This equates to an extra £17.60 a month and £228.80 for the 2021/22 financial year.
State Pension new weekly rates as payments increase liverpoolecho.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from liverpoolecho.co.uk Daily Mail and Mail on Sunday newspapers.