The House of Lords EU Justice subcommittee has urged the Government to “end the anxiety” of 1.3 million pensioners living in Europe, who have endured “a state of anxiety and uncertainty” about their pensions over several years.
In a letter to Brexit Department Minister, James Duddridge, Committee Chair, Lord Morris of Aberavon, demanded that the Government “do more” to protect the rights of UK citizens in the European Union (EU) after Brexit.
Amongst other things, the Committee want the Government to agree to a list of assurances to avoid British citizens suffering what it calls “significant healthcare and pensions difficulties” after Brexit.
The Committee would like to see an indefinite right for UK citizens and their families to return to the UK in future, continued funding for healthcare until any post-Brexit agreement is reached and uprating the pensions of UK nationals living in the EU for as long as they continue to live there.
This is because, according to the Committee, those citizens currently living in a country in the EU risk losing access to healthcare, welfare benefits and pensions entitlements, amongst other things, despite the fact that access to these benefits seemed certain when they first moved to the EU.
Committee members said they were also concerned about the impact on individuals and businesses if people are unable to aggregate social security contributions they may make in a number of different EU countries and called for the current arrangements for student fees and finance to apply to all children born before the Brexit referendum.
Steve Horton, Partner at Milsted Langdon Financial Services, said: “The Committee need to ensure all potential issues are covered and addressed with the Government for those living in Europe post-Brexit.
“Anyone who is concerned that their pension may be affected should seek specialist advice to explore their retirement planning options.”
For more information about how Milsted Langdon can help, please contact Steve at email@example.com or by calling 01823 445566.