All EOS blogs All Spain blogs  Start your own blog Start your own blog 

Spanish Business News

The latest business, economic,property, stock market and financial news from Spain. Keep up to date with what is happening with the Spanish economy, stock market, the economic crisis, the euro zone debt sovereign debt crisis and the Spanish property market.

Expats in Spain fight for increased pensions
12 November 2011 @ 19:03

A group of British expats in Spain are campaigning for an increase to the state pension

British Pensioners Abroad (BPA) was set up by Rachelle Hughes and Dee Chesson, two expats living on the Costa del Sol, after they became concerned by the financial distress which many retired Britons in their area were suffering.

The pair, aged 67 and 63, are pressuring the Government to introduce a non-means tested state pension of around £174 a week – which they say is the minimum income required to keep a pensioner out of poverty – and to bring its spend on pensions more in line with other European countries. Currently, Britain spends around 6.7 per cent of its GDP on pensions, compared to a European average of 11.2 per cent, with a basic state pension of only £102.15 a week.

"In Britain, the current basic state pension is already below what... you need to live on, and abroad the situation is much worse,” said Ms Hughes, who lives in Benalmadena, and receives a weekly pension of £62. “Both in Britain and abroad, people are having to deal with increased cost of living and virtually no interest on their savings, but if you’re living overseas, you also have to deal with currency fluctuations. Many expats here have had their income reduced by about a third just in the past few years, while things like food or internet bills can be much more expensive abroad than in Britain.”

Although most of its members so far have come from Spain, the group has already received enquiries from struggling British retirees in other EU countries, including neighbouring Portugal, and there are plans to expand the campaign even further – including, hopefully, to the locations where expat pensions are not inflation-proofed.

In these 150 or so countries, British emigrants’ pensions are frozen at the rate they were when they first started drawing them abroad. This means that, for some expats, a pension can be just a few pounds a week.

Source: The Telegraph



Like 0




16 Comments


sandy reid said:
19 November 2011 @ 09:25

although a pensioner of 76, on limited pension, I think that this is one of the areas that has helped cause euro problems, the more of your GDP you hand out the bigger the problem, saying that, living in the euro region is hurting.

sandy


sandy reid said:
19 November 2011 @ 09:34

although a pensioner of 76, on limited pension, I think that this is one of the areas that has helped cause euro problems, the more of your GDP you hand out the bigger the problem, saying that, living in the euro region is hurting.

sandy


Jeff Sears said:
19 November 2011 @ 10:22

I agree with Sandy Reid. Why people think that a government has a bottomless pit of money to give away is beyond me. One persons increase in benefits is somebody elses tax rise. Greece and Italy are reducing their unaffordable state pensions and Spain will follow after the elections this weekend. Whilst I sympathise with people who only have the basic state pension it would be better if they concentrated on forcing governments to work to reduce inflation by cutting tax and eliminating a bloated, overpaid public sector.


George Fee said:
19 November 2011 @ 11:17

I live in Spain and have the State Pension plus small savings. I did almost ten years military service in Kenya/Borneo/Middle East etc. My view is a totally selfish one in that I demand better treatment from the government. I have done my duty, paid my taxes, never been on the dole. I am at my age no longer interested in the governments policies on roads, foreign affairs, and the like. IF all the pensioners get together in time for the next election, we can decide who will be in government. Our demands are simple: guarantee a state pension of double the present level by taking from the bankers and we will guarantee you get in.


John Burton said:
19 November 2011 @ 12:02

Jeff Overpaid public sector workers are a myth the average pay for these workers are approx 21k with some earning 15k per year the Government brainwashing society we now live in has you believing everything your told.
The greed of unregulated Bankers has caused the Global problems who can now still unregulated pay themselves big bonuses.
Untill Governments correct this the World is held at ransom to the Big Banks.and the likes of Joe public pay the price.


G. Robson said:
19 November 2011 @ 12:25

It is an individual choice to live abroad and therefore you should be fully aware of the costs before you make that decision. This includes potential currency fluctuations which are a gamble. You would not support someone would flutters on the horses to supplement the income so why should you support someone who gambles on currency fluctuations. I am all in favour of a fair pension for individuals but lets be realistic in our demands.


Sandy Q said:
19 November 2011 @ 13:02

I get so very angry when I read about members of parliament who get away with stealing, sorry no other word to use, from us. even though I live away from the UK NOW I have worked hard and paid my taxes, which is used to pay these thieves. If everybody who misled the public about their expenses paid back that money its a good start. Have just read an article in the Daily Mail about a member of Camerons lot, a Baroness no less who owes over a hundred thousand pounds, and it doesn't look like she has any intention of paying it back.
How much money is owed by people in Government, and yet if we do anything wrong we are made to suffer.


















Peter said:
19 November 2011 @ 15:01

The pension problem is a huge one, and of crucial importance to those who have no private provision. It is astounding that anyone can think a pensioner can properly live off the current amount, and this after a lifetime, in many cases, of hard work and dilligent tax-paying. Contrast this with benefits paid to many who do not deserve them, some of whom have not even lived in the UK, and some who have never worked nor intend to. Whether british pensioners live in the UK or abroad, surely they deserve enough to feed and clothe themselves, and to keep warm.


Jane B said:
19 November 2011 @ 15:15

While I think the UK basic state pension is wholly inadequate, as someone who has chosen to retire to Spain, I could not support a movement to require the government to increase pensions on the grounds that the exchange rate is crucifying us. By all means, let's try to persuade them to increase pensions overall to a realistic level but I think the BPA is unlikely to make any headway by highlighting the exchange rate as a major reason to do so - it is our choice to be overseas. I think I am with G Robson on this one.


alison Lister said:
20 November 2011 @ 13:17

I also think we have to readjust our attitude to pensions. We know we live in uncomfortable times, but as one of those 'bloated public workers' I worked bloody hard as a nursing sister for 35+ years. I have earned my pension, which is not excessive. However we have to understand that there are going to be more of us oldies than workers, and we cannot expect them to pay for us. So no, I dont think we should expect too much from this goverment.


catman said:
20 November 2011 @ 15:55

Sandy, the ''lady'' in question is a member of the other side, not Camerons.


Peter West said:
22 November 2011 @ 11:55

John Burton ;

Cut the left-wing political propaganda.

The current crisis was not caused by greedy bankers. It was caused by governments ( mainly socialist ) spending far more money than they had and then borrowing far more money than they could possibly pay back.


heather meston said:
23 November 2011 @ 12:20

Hi
Its my choice to live in Spain and yes its hard living with the euro but we cannot expect the UK government to subsidise us. A better pension for all pensioners would be great but hardly likely in the present economic climate.
I worked all my life and was a teacher in the state sector for over 26 years, paying taxes and never once recieved any handouts from the government. I had my children in the days before all the maternity allowances, I think we recieved a one off payment of 20pounds and had to leave work at 6months. The UK government gives too much away to non citizens and its laws are dominated by Human Rights and all the so called lawyers who make a great living out of this. If I was in Government this where my be my first Austerity cuts would be. As for jobs for the youth of the country, they would all have to work for a company on an apprentice basis at the cost of immigrant workers who should be invited to go back to their country of origin. I too am an immigrant in Spain but I pay for everything, there are no handouts here.


heather meston said:
23 November 2011 @ 12:22

Hi
Its my choice to live in Spain and yes its hard living with the euro but we cannot expect the UK government to subsidise us. A better pension for all pensioners would be great but hardly likely in the present economic climate.
I worked all my life and was a teacher in the state sector for over 26 years, paying taxes and never once recieved any handouts from the government. I had my children in the days before all the maternity allowances, I think we recieved a one off payment of 20pounds and had to leave work at 6months. The UK government gives too much away to non citizens and its laws are dominated by Human Rights and all the so called lawyers who make a great living out of this. If I was in Government this where my first Austerity cuts would be. As for jobs for the youth of the country, they would all have to work for a company on an apprentice basis at the cost of immigrant workers who should be invited to go back to their country of origin. I too am an immigrant in Spain but I pay for everything, there are no handouts here.


Rick said:
07 December 2011 @ 19:45

Surely, the big debate that should be going on at present is the one about the new pension reforms whereby after a certain date in the near future, all new pensioners who, by the way, need to contibute over a shorter time period than existing pensioners, will be getting something like £140 a week whilst existing pensioners remain on something nearer £100 per week. We can't allow a 2 tier pension scheme, but nobody seems to be creating a furore about this, or have I got my facts wrong - perhaps I missed something.


Pat Dean said:
02 May 2013 @ 13:10

You should be campaigning for the new universal pension (£147) to be paid to all pensioners from April 2016 and not just to new claimants.

If I as a British pensioner get about £5,500 per annum state pension after 34 years contributions. How much would I get as a Spanish pensioner after the same number of years contributions.
I also have an employer pension of £19,750.

Do the Spanish also pay into private or employer pension schemes and if so, do you have an estimate of the amount of pension they would get at the salary level of a secretary or office manager, for instance.

What I'm trying to establish is the difference in total pension between Spain and the UK. I have seen figures of £30k used for the Spanish state pension and frankly if that figure is broadly right, we have a lot of campaigning ahead of us.



Only registered users can comment on this blog post. Please Sign In or Register now.




 

This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x