Contact

News & Insights

Expats say they are being “penalised” for freedom of movement

“It might well delay the referendum if we’re successful but it doesn’t have to. There are cases where legislation has been fast-tracked through Parliament in a few days,” said one man, a 94-year-old World War Two veteran currently living in Italy.

A problematic issue

It is an issue that is proving problematic for a Conservative Party already reeling from internal divisions exposed by the referendum debate and the fallout from Iain Duncan Smith’s recent resignation, not least because, in their 2015 manifesto, they pledged to introduce a “votes for life bill” that would abolish the 15-year rule which currently prevents some expats from casting a vote in the referendum.

A group of expats, including the 94-year-old war veteran, have taken the case to the High Court, arguing that the EU Referendum Act breaches their fundamental rights under European Law. It is easy to see why these people feel so unfairly marginalised when they are among the Britons likely to be most affected by the outcome of the June 23 referendum, with many fearful that they will have to revisit all their expat financial services decisions in the event of a Brexit.

“Penalised” for freedom of movement

“Our clients are being penalised for exercising their EU free movement rights,” said one of the lawyers representing the claimants. “The people [the EU Referendum Act] arbitrarily excludes are those UK citizens who are among those most likely to be affected by the decision taken by voters in this referendum.”

The government now has until April 1 to prepare and submit a written response to the legal action; only once this process has been completed will the court be able to decide if and how the case can proceed.

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

Saving for education fees – new factors to consider

Man holding piggy bankToday’s long term savers face many challenges. At Blacktower, we want to help you through all financial planning adversity, whether you need advice on regular savings in Grand Cayman or help with inheritance tax planning in France.

One major savings goal that many parents wish to work towards is having enough money to send their children on to higher education. This goal became harder to attain when university tuition fees were increased back in 2012, some by as much as three times. Now, a new proposal may further shake things up in terms of how much money parents will need to save.

Read More

Planning for a Long Retirement in Spain

PaellaPeople across Europe and the Western world are living longer than ever before. This is likely to be the result of a combination of many factors – for example, good diet, technological and medical advances. and increased access to healthcare.

However, simply moving to a country with high longevity is, in itself, not enough to confer any benefit.

For example, if you move to Spain but eat a ‘Full English’ breakfast every day, followed by fish and chips for lunch and roast beef with Yorkshire pudding for dinner, while all the while smoking 20 cigarettes a day and downing several pints of beer every evening, the Spanish climate and great healthcare is probably not going to help increase your lifespan by a particularly significant amount.

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information: