UK government admits Brexit may affect tax-free pension transfers

We are often asked what will happen to UK pension rules for expatriates after Brexit and the reality is that no-one knows for certain – including the British government.

On leaving the EU, the UK loses its obligation to maintain freedom of movement for capital, offering more scope for the Treasury to recoup revenue from UK nationals living in Europe. As such, many spectators expect the overseas tax charge could extend to capture transfers within the EU/EEA post-Brexit.

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