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Withdrawal Agreement Pensions

When you return to the UK, your pension entitlement will be calculated on the basis of the same rules that are currently in force under the Withdrawal Treaty. Eu rules on social security coordination remain applicable to France and the United Kingdom, regardless of the date of the pension count. There are also places where many people receive public pensions in the United Kingdom but do not benefit from a revaluation, such as Australia, Canada, New Zealand and South Africa. The UK Government has confirmed that no changes to the public pensions of UK nationals living in a European Economic Area (EEA) state or Switzerland will take place before 31 December 2020. Under UK law, occupational pensions can be paid abroad. The government does not expect that to change because the UK has left the EU. The UK will only increase pensions if it has an agreement with the EU as a whole or with the various countries, so that state pensioners residing in the UK also benefit from an annual increase. The UK has left the EU. The withdrawal agreement sets out the terms of the UK`s withdrawal from the EU and provides for a transitional period until 31 December 2020. This is a limited period of time before changes are made. In accordance with the provisions of the withdrawal agreement, this will continue for all persons entitled to receive a state pension in the United Kingdom which resides in one of these countries before the end of 2020. This guide describes the rights of British nationals in the European Economic Area (EEA) or Switzerland to be entitled to a pension from 1 February 2020.

Information has been added on the evidence you may have to provide to prove that you lived in the EEA or in Switzerland until December 31, 2020, if you declare a new entitlement to benefits or pensions or if you declare certain changes in circumstances as of January 1, 2021 or after January 1, 2021. This is still the case under the withdrawal agreement, but not for those who will move to an EU country after 2020 – again, it will depend on whether negotiations continue. The withdrawal agreement between the UK government and the EU sets the conditions for the UK`s withdrawal from the EU. It provides for a transition period until December 31, 2020. Under the terms of the withdrawal contract and if your situation remains the same, your health insurance coverage and the conditions under which you are insured will not change. You will continue to receive benefits under the same conditions as you do now. As things stand, Brexit should have no influence on how you can withdraw or transfer other British pensions. However, the UK currently applies a 25% “foreign transfer tax” (actually an exit tax) on pension transfers outside the EU/EEA. This could be easily extended as soon as the UK is no longer linked to the free movement of EU capital, which would limit the transfer period without penalty.

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