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Expats’ EHIC-Style Rights Guarantee a Step Closer

“For the 190,000 expat state pensioners who have chosen to live in the EU and those intending to retire to the EU, it will help by safeguarding reciprocal healthcare if there is no EU deal,” announced the government.

Baron O’Shaughnessy, Parliamentary Under Secretary of State at the Department of Health and Social Care commented, “Whether on holiday, working or retiring abroad, British people want to know they can access the same high quality healthcare that they enjoy in the NHS.

“This bill will allow us to implement new healthcare arrangements with other countries – in the EU and elsewhere – so that UK citizens can travel with confidence.”

Furthermore, the government has also reassured expats that it expects the existing EHIC scheme will survive “subject to an agreement with the EU”.

The bill was brought to parliament by Health Minister Jackie Doyle-Price. It lays the “legal basis to fund and implement reciprocal healthcare schemes and share necessary data after we leave the EU”.

Although the move has been criticised by some, it is undoubtedly a positive move as it represents an important contingency in the event of a no-deal.

Blacktower, expat financial services

At Blacktower we make it our priority to help you achieve your financial and retirement goals while also helping you negotiate all cross-border considerations, including those that are related to Brexit.

If you are seeking expat financial advice regarding Brexit and would like to find out more about how Blacktower’s wealth management services could benefit you, contact us today.

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.

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Gibraltar Interesting facts about the Rock

Monkey in GibraltarSince Theresa May’s triggering of Article 50, one prominent hot-button issue arising in Brexit negotiations is the fate of Gibraltar.

Over the past week or two, Gibraltar has leapt back into the public eye as concerns have been raised over the impact Brexit could have on the territory. With Spain certainly appearing intent on reclaiming sovereignty since conceding it to Britain over 300 years ago, tensions are rising between the two countries.

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QROPS transfers to get cheaper

CubeIt has just become more straightforward for those looking to transfer their pensions into a QROPS in France, with many pension providers promising to drastically reduce their exit charges in the wake of comments from Chancellor George Osborne saying he will introduce legislation to cap costs.

This comes in the wake of concerns that some savers have been discouraged from making the most of flexible pensions access because of exit charges of between 5% and 10%.

Osbourne commented, “The government will not allow financial firms to rip off customers who have spent their working lives saving hard for retirement.”

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