Wednesday 3 March 2010

Expat pensions 'should be election issue'


Expatriates' pensions should be an issue in the forthcoming general election, a group of campaigners has argued. 



Of the 1.1 million British expats who are entitled to claim UK pensions, 540,000 cannot draw the full amount because of rules surrounding pensions being fixed at a flat rate, acording to research carried out in the Daily Express.

Most expats living in all EU countries and 15 others including Bermuda and the United States have their pension index linked to their country of residence. However, expatriates in 150 other countries have had their pensions fixed to the rate at which they were first drawn.

Campaigner John Markham, 76, from the Canadian Alliance of British Pensioners said the expat vote in the upcoming general election would be much higher than in the last.

"We want to get Britons living abroad to vote, but only for the parties that support our cause," he said.

Expats are advised to check they are covered under their overseas health insurance as it could help avoid being landed with costly medical bills or expensive hospital treatment.

April Medibroker specialise in providing international health insurance to clients living abroad or working abroad to both choose and place the right international health insurance products, to suit their expat medical insurance needs and budget.

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