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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.

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One of the biggest challenges that expatriates confront when moving abroad is the complexity of expat finances. According to HSBC’s Expat Explorer Survey, 75% of respondents (9,288 respondents worldwide) say that their finances have become more complicated since they left their home country.

Compounding this, many expats don’t consider all aspects of their finances before, during and after moving abroad, therefore making organising their finances even more complex than it needs to be. What are the common mistakes seen time and time again?

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Brexit Minister Provides Assurances of “Cooler Heads”

Pension fileThe government has provided further reassurance on the future of expat pensions and other financial products and services post-Brexit, with Brexit secretary Dominic Raab dismissing a Department for Exiting the EU technical paper which had appeared to cast their futures into doubt.

During a press conference, Raab had no hesitation in saying that access to expat pensions was little more than “a practical issue that we will be able to resolve”.

Raab’s statements were measured and entirely unflustered by some of the more recent sensationalist pronouncements on the subject. For example, he carefully explained that although a no-deal Brexit would have an inevitable impact on Britain’s contractual arrangements with EU member states, it was extremely unlikely that individual country to country relationships would suffer.

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