Brexit Britons can still retire in EU after Brexit | But only if they have enough money.

[vc_row][vc_column][vc_video link="https://www.youtube.com/watch?v=OY6Z9bu_aUw"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]britons can still retire in eu after brexit but only if they have enough money brexit has made life harder for britons looking to retire in european hot spots such as france spain and portugal but it can still be done if you follow the rules and can show you have enough income the expat retirement dream is not dead but it could be more costly and complicated here's what you need to do make it work from january 1st 2021 british citizens became third country nationals and cannot spend no more than 90 days in any 180 day period in any country within the eu's border-free schengen area for stays longer than 90 days either for holidays or residency you need to apply for a visa said jason porter director of specialist expat financial advisors blevins franks if planning to stay for 12 months and beyond britain's will generally require a residency permit you can get these from the relevant consulate in the uk he said to secure a visa or residency permit in an eu country brits have to show they are financially independent the local authorities will want to make sure you have enough income to see you through retirement and won't end up falling back on the state britons must jump through further hoops to demonstrate that they and their dependents have sufficient income and won't be a financial burden each country sets different rules on property ownership income financial means and medical insurance in france for example expats need to show they can at least match the local minimum wage porter said for 2021 this is 18 655 euros but falls to 14 667 euros once social insurance charges have been deducted the french authorities will use the lower figure which works out at around twelve thousand five hundred and fifty pounds a year at current exchange rates porter said that is above today's new basic state pension of 9 39 pounds a year so expats must show they can generate income from investments and retirement savings a couple with two-state pensions should be okay he said portugal also demands brits have enough income to match its national minimum wage currently seven thousand nine hundred and eighty euros six thousand eight hundred and thirty eight pounds a year for an individual and eleven thousand nine hundred and seventy euros ten thousand two hundred and fifty pounds for a couple rules are tougher in retirement hot spot spain though where single people need twenty three thousand five hundred and seventy eight pounds a year and couples twenty nine thousand four hundred and seventy three pounds you must show you have general wealth such as cash at the bank or other savings and investments which can be readily liquidated porter said uk citizens who move to the eu can no longer access free nhs health care on visits except in emergencies this applies even if they are state pensioners and made national insurance contributions for decades because nhs access is based on residence you may have to buy travel insurance which includes health cover for visits to the uk porter added once you have registered to live and work in an eu country you cannot rely on the european health insurance card ehic or its successor the global health insurance card ghic to get local health care expats getting a uk state pension can apply for state health care in their chosen country using form s1 porter said this is provided by the eu state where they live but paid for by the nhs you can get form s1 from the overseas healthcare services call 019-121-8199 registrations at nhs.net britain's who are resident abroad will have to pay tax locally rather than in the uk and will lose tax benefits they take for granted money held in isis will no longer be free of tax overseas nor will the 25 tax free pension lump sum local capital gains tax and inheritance tax rules are also different and in some cases may be more punitive than in the uk<br><!-- wp:image {"id":1776,"sizeSlug":"large","linkDestination":"none"} -->rn<figure class="wp-block-image size-large"><img class="wp-image-1776" src="https://en.videoencontexto.com/wp-content/uploads/2021/10/Brexit_Britons_can_still_retire_in_EU_after_Brexit__But_only_if_they_have_enough_OY6Z9bu_aUw.jpg" alt="Brexit Britons can still retire in EU after Brexit | But only if they have enough money." /></figure>rn<!-- /wp:image -->[/vc_column_text][/vc_column][/vc_row]

Brexit Britons can still retire in EU after Brexit | But only if they have enough money.

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