Impact of BREXIT on cash payment upon departure

The United Kingdom is expected to withdraw from the EU by March 29, 2019. Until then the CH-EU Agreement on the Free Movement of Persons (FMOPA) and Regulations (EC) no. 883/2004 and 987/2009 remain applicable between Switzerland and the United Kingdom. In case the EU and the United Kingdom come to an agreement about the withdrawal the FMOPA and the corresponding Regulations will continue to apply during a transitional period (expected to last until December 31, 2020). This means that during the transitional period a cash payment of the statutory minimum occupational benefit savings on definite departure from Switzerland to the United Kingdom will only be possible if the person concerned is not subject to compulsory pension, disability and survivors’ benefit insurance in the United Kingdom.

If the EU and the United Kingdom cannot reach an agreement on the withdrawal and an unsorted exit occurs by March 29, 2019, then the United Kingdom as from March 30, 2019 would be regarded as a Non-EU Member State and the limitations concerning cash payment upon departure to an EU Member State would no longer apply. 

25.01.2019

 

 

 


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