With the continuing uncertainty around Brexit and the potential impact on freedom of movement within Europe, many British retirees are moving to Europe while they still can.
With the Brexit deadline of March 2019 looming, many British retirees (in particular) are heading to Europe to settle before it potentially becomes more difficult. Move now – or wait?
Experts believe that it’s unlikely that any Brexit deal will make it as easy as it is now for retirees to move overseas. Unless there is free movement for EU workers in the UK, there is little chance of maintaining retirement rights such as being allowed to use the health systems on the continent, even though these are paid for by the NHS in some countries – Spain for example. This is backed up by research which has found that young immigrants provide an economic boost to most OECD countries, but people turn into a net drain on national finances when they reach the ages of 40-45.