7. Private pension provision/ Financial services



Problems can arise with company pensions if the pension beneficiary takes up permanent residence outside of the United Kingdom. Since 1 January 2021 British pension providers are no longer authorised in the EU and therefore will no longer be able to make payments to persons resident there.

Therefore if you are planning to leave the United Kingdom permanently, you should contact your pension provider in good time to make sure that you will still be able to access your pension.

Further information can also be found on the website of the EIOPA (European Insurance and Occupational Pension Authority)

The United Kingdom’s exit from the EU single market on 31 December 2020 may affect the cross-border availability of financial services such as insurance and banking services between the EU and the United Kingdom. It is advisable to contact your financial service provider directly if you have any questions. As a rule, though, rights and obligations under insurance policies already in place continue to apply even after Brexit.

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