Good news only, please

Ever since the UK chancellor announced he was going to allow pension freedom on UK private pensions from April 2015 the papers have had articles galore on what you can spend your money on, then some started to focus on the fact that there was a nasty sting in the tale for many people who cash in their pension and that was TAX. Now the time is nearly upon us the main concern seems to be the number of scammers and fraudsters that are after your money.  

Expatriate Brits living in Germany have been advised to look into the possibility of becoming German citizens, as, amongst other things, naturalisation is likely to make the practicalities of Germany wealth management more straightforward.

Expat group British in Germany has said that British people living in the country should act quickly as it will likely be harder to achieve citizenship if the UK leaves the EU on March 29 2019 without a deal. In the event a deal is reached, Brits will have until 31 December 2020 to apply for dual citizenship, according to Germany’s foreign ministry.

Effectively, this means that if Brits want to be able to ensure dual citizenship, they must act quickly as a no deal scenario could mean they have to renounce their British citizenship if they wish to become German citizens. The sooner Brits attend the Ausländerbehörde (Foreigners’ Registration Office) for advice the better their chances of securing a favourable outcome.