Blacktower’s Nexus Fund Reaches £100m Milestone

There has never been a better time than now for British nationals living in the EU to consolidate their retirement plans by properly investigating their expat pensions options.

Post-Brexit, sterling has fallen dramatically against the euro and for many the uncertainty surrounding expat pensions is causing understandable anxiety.

Currently, British expats living in the EU receive an annual rise in the state pension; however, this could change in the post-Brexit environment, meaning that many face the prospect of frozen pensions and as a result are giving serious consideration to the idea of returning to the UK.

While these uncertainties are not to be dismissed lightly it is worth remembering that exit negotiations are yet to begin and freedom of movement and state and expat pensions are all likely to be issues for discussion once talks do start.

Despite the protestations of expats in the Netherlands, expat financial advisers and business leaders, the Dutch cabinet recently announced that it would proceed with plans to reduce the favourable 30% expat ruling from eight to five years.

However, there will now be a transitional period for certain expatriates, meaning they will have time to consult their expat financial advisers in the Netherlands to take the necessary tax planning steps to adjust to the new landscape. Nevertheless, there are still a number of consequences associated with changes to the 30% tax break that need to be explored. Here we will attempt to bring some clarity to those who may be affected by the new rules.