Fact or Fiction
There is a lot of misunderstanding about frozen pensions among Ministers and other MPs. Here we expose the fictions and correct them with the facts.
|It would cost an awful lot of money to unfreeze the frozen pensions.||Most recent figure is £400 million annually, which is less than 1% of the total annual outlay for pensions.|
|Pensions are paid by the government out of taxpayers' money.||Pensions are paid by the National Insurance Fund out of
contributions to the fund; it is our money.
See National Insurance Fund
|You knew about pension freezing before you emigrated.||Nobody told us. A few found out "on the gangplank" after they had committed to a decision to emigrate.|
|Australian residents have their pension frozen because Australia terminated the reciprocal agreement.||Australia terminated the reciprocal agreement because Australian residents already had their pensions frozen, and Britain refused to negotiate.|
|There is no fund. Benefits are paid out of current contributions.||There is a huge and growing surplus ever year. Surplus funds are invested, just like any other pension fund.|
Please contribute by suggesting other fictions that need to be corrected
Power Point Slide Show
Email: Facts and fictions
See also Frozen Pension Myths
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