Frozen in time: British expats losing out on pensions in Thailand

Three British expats reveal their nightmare experiences of having their UK pension frozen, thanks to a government policy that leaves them with unadjusted savings, sparking widespread outrage.

David McConkey believed he was heading for paradise when he retired to Bangkok in May this year. After 40 gruelling years as an electronics buyer, the 72 year old Scot was ready to bask in the sun, sandy beaches, and exotic cuisine of his favourite city. But his dream retirement turned into a financial nightmare when he discovered his UK state pension had been frozen.

Despite decades of hard work and contributions, McConkey has been blindsided by a policy affecting 500,000 British expats. Unlike their counterparts in the UK, who enjoy annual increases through the triple lock system, expats like McConkey are left stranded with pensions stuck at their current rate.

“I fully paid my contributions to the last penny, but now I am being penalised. People who emigrate to countries like the US get the annual uplift, but Thailand isn’t included. Why?”

The triple lock guarantees UK pensioners an increase linked to inflation, wage growth, or 2.5%. Next April, this will mean an extra £460 (nearly 20,000 baht) a year for most. But expats like McConkey will miss out unless they live in a country with a reciprocal agreement with the UK.

It’s not just McConkey who is struggling. George Lewis, a 76 year old British citizen, moved to Thailand in 2004 but now lives hand to mouth.

“We don’t have heating bills but air conditioning is expensive, and fans just don’t cut it in 40-degree heat.”

Another retiree, 76 year old Guy Lindsay-Watson, echoes the sentiment.

“We are hardly coping.”

The End Frozen Pensions campaign warns that many pensioners, including ex-nurses, firefighters, and police officers, now live in poverty. Some are even forced to return to the UK, putting extra strain on the NHS and social care system, reported iNews UK.

“Government help is what we need, and we need it soon.”