Just looking at this chart you can see the impact of the the Frozen Pensions Policy changes every year. As each year passes, the loss felt by each pensioner is felt in two areas – the change in the exchange rate and the ever increasing pension loss. Click on this chart (which is based on the “old” state pension) and you will see that. So, if you retired on a “full” state pension 20 years ago, you will have received a state pension of £66.75 a week which was then frozen at that level. Today you would be getting £134.25 a week, and you will have received over £40,000 less than your peers in the UK.
BY USING THE CHART HOW MUCH HAVE YOU RECEIVED LESS THAN YOUR PEERS IN THE UK?