Resident for over 15 years - Banking and finances in Mojacar - Mojacar forum - Costa de Almería forum in the Almeria province of Spain
Have Tools Will Travel
Mini Digger Almera
ASSSA Insurance
Grupo Platinum Estates
UK DIRECT REMOVALS

Join the Mojacar forum

Join the Mojacar forumMy name's Alex and this is my website all about Mojacar in Spain. Register now for free to talk about Banking and finances in Mojacar and much more!

Resident for over 15 years

Posted: Thu Jul 7, 2022 11:20pm
5 replies384 views5 members subscribed
Dinkytoys2

Dinkytoys2

Helpful member

Posts: 71

64 helpful points

Location: Mojacar

Joined: 19 Apr 2021

Has anyone seen any information about forthcoming changes to UK pensions payable to people who have been residents in Spain for over 15 years? I cannot find mention of anything on the UK.gov site.

Alicia 11

Posted: Fri Jul 8, 2022 9:05am

Alicia 11

Super helpful member

Posts: 2103

1781 helpful points

Location: Mojacar

Joined: 30 Sep 2019

Posted: Fri Jul 8, 2022 9:05am

not seen anything  to say this any where.  the only problem seems to be with certain banks in the UK who are withdrawing the accounts from ex pats even if the have been loyal customers for many years because of Brexit and the banking laws where they have to have a licence to operate in Europe.

Shay123

Posted: Mon Jul 11, 2022 12:20pm

Shay123

Helpful member

Posts: 160

146 helpful points

Location: Palomares

Joined: 4 Jul 2021

Posted: Mon Jul 11, 2022 12:20pm

This happened initially when the Brexit vote was first announced and the banks seemed to sense just how much business was going to be lost if they acted like this.

Thanks for the heads up on this, it will surely be tried by banks and resisted by customers?

Might be worth reviewing other banks more geared up to European life - a few suggestions and no recommendations but my kids use Revolut, I have an N26 and there are others are already operating across Europe and EU borders, mostly accessed online and phones. I took mine out for the reasons that some of the main banks in the UK made these kind of anti-europe nuisances as I said above.

Advertisement - posts continue below

Andymac

Posted: Sun Jul 17, 2022 9:10am

Andymac

Helpful member

Posts: 162

101 helpful points

Location: Lubrín

Joined: 1 Jul 2021

Posted: Sun Jul 17, 2022 9:10am

Sorry, a little confused between the question and the answers.

Was the question regarding a potential change in UK banking rules and pension payments or getting the best exchange rates?

Alicia 11

Posted: Sun Jul 17, 2022 6:59pm

Alicia 11

Super helpful member

Posts: 2103

1781 helpful points

Location: Mojacar

Joined: 30 Sep 2019

Posted: Sun Jul 17, 2022 6:59pm

Andymac wrote on Sun Jul 17, 2022 9:10am:

Sorry, a little confused between the question and the answers.

Was the question regarding a potential change in UK banking rules and pension payments or getting the best exchange rates?

potential changes in banking rules and holding accounts in UK when not a resident.

Dinkytoys2

Posted: Sun Jul 17, 2022 7:47pm

Dinkytoys2

Original Poster

Helpful member

Posts: 71

64 helpful points

Location: Mojacar

Joined: 19 Apr 2021

Posted: Sun Jul 17, 2022 7:47pm

Alicia 11 wrote on Sun Jul 17, 2022 6:59pm:

potential changes in banking rules and holding accounts in UK when not a resident.

Neither of those two matters which, broadly speaking, are settled.  Somewhere, but unfortunately I can not retract to find out where, I saw a suggestion, possibly a rumour, that the UK government were considering withdrawing the right to have UK state pensions payable to those who have been permanently resident abroad for fifteen years or more, frozen and no longer be eligible for the increases that UK residents would get automatically.

Sign up for free or login to reply to this topic

Want to reply to this topic? Login or register for free to post your message:

Find more Banking and finances topics from a particular area:


Register for free!

Login to your account

Have Tools Will Travel
Mini Digger Almera
ASSSA Insurance
Grupo Platinum Estates
UK DIRECT REMOVALS
Advertise your business here
Advertise your property
Help with my computer