On 1 January 2021, a new set of rules came into effect which change many parts of our lives, including how we work and travel, and how businesses operate. And while the Brexit deal agreed in December 2020 is another step forward, it does not yet outline all the details of the UK’s future trading relationship with the EU. The full impact of Brexit may not be known for some time.

As a result, we continue to keep a close watch on all Brexit developments, and working closely with our advisers we remain vigilant in regularly monitoring any impact on the UKRF.

We can confirm payments to pensioners who are resident in the EU will continue as normal.