Overseas EU residents and UK pension uprating fixed until 2023

[PhotoLady]

A quote from the article - the full update from the UK Gov website can be read through the link below:

The UK State Pension has already been uprated in the EU for the year April 2019 to March 2020. The government has now committed to uprating the UK State Pension paid to those living in the EU each year until March 2023, in the event that the UK leaves the EU without a deal.

Some of those living abroad will soon receive text messages to inform them of the commitment.

A new dedicated call centre team based in Newcastle has also been established in order to answers any questions from those affected.

Work and Pensions Secretary of State Amber Rudd said:

This government is working hard to prepare for leaving the EU on 31 October, whatever the circumstances. We will be fully ready for Brexit, and are leaving in a way that protects the interests of citizens here and in EU member states. This guarantee will provide reassurance to the hundreds of thousands of people living in the EU who receive a UK State Pension that their pensions will continue to rise significantly each year, however we leave.

During this 3-year period the UK government plans to negotiate a new arrangement with the EU to ensure that uprating continues.

https://www.gov.uk/government/news/upra ... ving-in-eu

[PhotoLady]

I tried to look before I posted - but didn't see any subject line that was relative.

[Jim B]

Further information on pensions for all those who may be affected.

Jim



https://finance.yahoo.com/news/what-nod ... ccounter=2

[PhotoLady]

Great for those who have sold their properties and exchanging EUR to GBP though....

[panoscouse]

The possibility of the pound falling to euro parity or less is truly scary for those of us living in Cyprus

It is indeed, Les. But trust me when I tell you the pound's demise is nothing to do with Brexit

That's a very strange statement to make. Would you care to elaborate?

[Jim B]

Another one to consider in the case of a No Deal Brexit; medical insurance will only last for six months so we will all have to get insurance which won't be available for pre conditions.
This comes from Matt Hancock, the Tory Health Secretary but no doubt will be labelled as Project Fear.

Jim

https://www.theguardian.com/politics/20 ... 1569222710