Context
The question arises from concerns about the cost and fairness of ensuring that UK state pensions are uprated to current levels for British citizens residing in other countries.
Question
What recent assessment has been made regarding the potential annual cost of restoring parity in the level of state pension received by UK citizens living overseas, based on data from March 2022?
Answer from Paul Maynard
According to the latest estimate, uprating the state pension where we do not currently do so would cost about £0.9 billion a year if all UK state pensions in payment were increased to current UK levels.
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