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Brexit would prompt need for expat financial advice

Expats “currently enjoy a range of specific rights to live, to work and access to pensions, health care and public services that are only guaranteed because of EU law. There would be no requirement under EU law for these rights to be maintained if the UK left the EU,” stated the government report.

“If the UK were to leave the EU then the UK government would need to disentangle the regulatory framework from EU law for the financial sector. Regardless of the exit negotiations outcome this would be a large and complex task,” it added.

As it stands, EU law accounts for most of Britain’s legislative framework, with many laws transposed from EU directives – this means that that should the “No” vote win in June, the need for sound and promptly delivered expat financial advice may be greater than ever before.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Being multi-lingual is a much sought-after and important skill

Welcome signIf you’ve moved abroad to live as an expat, have you attempted to learn the language? If you do decide to make the effort, then you’ll be learning an extremely valuable skill, one that, as recent research has shown, many Britons are intent on achieving.

In fact, a new poll has suggested that one in five are planning to pick up a new language in 2018.

The survey was conducted by the British Council, the UK’s international organisation for cultural relations and educational opportunities, which questioned 2,109 UK adults. The British Council is hoping that more Brits pick up a second language because it will help the UK to remain “globally competitive post-Brexit”, according to British Council schools advisor Vicky Gough.

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