UK Pensions and Benefits Overseas after BREXIT

Monday 19 August, 2019 Written by 
UK Pensions and Benefits Overseas after BREXIT

PENSIONS UPDATE -The UK leaving the EU will not affect your entitlement to continue receiving your UK State Pension if you live in the EU, EEA or Switzerland.

The UK government would wish to continue uprating pensions but will take decisions in light of whether reciprocal arrangements with the EU are in place.

You will carry on receiving other UK benefits you already receive while you are living in the EU, EEA or Switzerland, as long as you continue to meet the eligibility criteria.

Pensions and benefits paid by an EU country, an EEA country or Switzerland

If you are paid a pension or benefit by an EU country, an EEA country or Switzerland, check with the organisation that pays you to find out what will happen after Brexit.

Annuities and personal pensions from a UK pension provider

Your pension provider should have made plans to make sure you can still get payments from your annuity or personal pension after Brexit.

Your pension provider should contact you if they need to make changes to your annuity or pension or the way you are paid after Brexit.

If you have any questions, contact your pension provider.

UK workplace pensions

UK law allows for workplace pensions to be paid overseas. The government does not expect this to change after Brexit.

If you have any questions, contact your pension provider.

If your workplace pension is paid into a UK bank account, your bank should contact you if they need to change the way you receive your pension after Brexit.

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