Pensions: British Citizens Overseas Debate
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Lord Kinnock
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Pensions: British Citizens Overseas
Lord Kinnock Excerpts(8 years, 9 months ago)
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Baroness Altmann
My noble friend referred to Australia, which is an interesting example of one of the potential issues with uprating. The Australian pension system is means tested. Therefore, the estimate is that over 25% of any payment made to uprate overseas state pensions in Australia would merely go to the Australian Treasury.
Lord Kinnock (Lab)
“Three times for a Welshman”, my Lords. May I ask for a third time: does the Minister resile from the statements that she made on her own website?
Baroness Altmann
My Lords, the statement on my website referred to the position before the 2011 Act when women were facing up to two extra years. That was brought down during the 2011 Act to 18 months.