There’s still some uncertainty when it comes to many aspects of leaving the European Union. But we do know that most people will see very little or no difference to financial services going forwards.
If you’re an EU, EEA or Swiss citizen and you plan to remain living in the UK after 30 June 2021, you and your family can apply to the EU Settlement Scheme; you must do this before 30 June 2021. If your application is successful, you’ll get either settled or pre-settled status. However, you may be able to stay in the UK without applying – for example, if you’re an Irish citizen or have indefinite leave to remain. You can find out more about settled status and how to apply by visiting www.gov.uk/settled-status-eu-citizens-families
The Withdrawal Agreement sets out the terms for the UK’s withdrawal from the EU. This provides a transition period up until 31 December 2020. The Department for Work and Pensions (DWP) have issued a new guide for UK nationals living in the European Economic Area (EEA) or Switzerland by 31 December 2020. This includes information specifically on what you can do to prepare for the withdrawal if you are receiving a pension.
You’ll find the new guide and more information online at www.gov.uk/guidance/benefits-and-pensions-for-uk-nationals-in-the-eea-or-switzerland