Expats to be hit with additional pension access charges post-Brexit

Pedro Gonçalves
clock • 1 min read

Pension savers living abroad could face additional charges and significant delays when accessing their retirement savings once the UK leaves the EU, PensionBee has warned. The provider has warned that pensioners may be forced to re-route their retirement funds through accounts held by European banks, leaving them exposed to hidden fees and poor exchange rates, after some of Britain's biggest banks said that they would close expats' accounts at the end of the transition period on December 31. In addition, savers may also be forced to confront low interest rates - likely to have an effe...

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