Britex Begins To Bite.

[sandyRoe]

It was mentioned on Radio 4, about noon today, that ex-pat pensioners are finding their UK pensions buy10% less Euros than they did before the vote to leave.
In these difficult times will they just need to tighten their belts?

[Sqad]

\\\that ex-pat pensioners are finding their UK pensions buy10% less Euros\\

That is true......costing me approx €7,000 per year and i did not have the opportunity to vote.

[dannyk13]

Until we officially leave the Eu we have to wait for things to settle down

[anneasquith]

They may have to dip into their winter heating allowance ? -)

[dannyk13]

Sqad, £7,000 per year? That is over £134 per week,more than some pensioners get in total.Slight exaggeration?

[hc4361]

After Brexit the pensions maybe frozen for those expats living in Europe, the same as it is if they currently live outside the EU.

[-Talbot-]

They survived in 2013 why wouldn't they in 2016?

[retrocop]

Sqad
It's a cruel old world. My elderly F.I.L was born ,bred and studied at Edinburgh Uni (Medic) and was a GP and Physio at Halesowen FC in Birmingham where he still resides. He wasn't allowed a vote on the Scottish referendum but a Polish or Latvian chambermaid newly arrived to work in Edinburgh was given a vote!! You makes your bed......

[dannyk13]

I'd just like Sqad to justify his claim of losing £7.000 PA

[Sqad]

Danny....not sure that I need to justify my finances.........but as it is you:

Annual pension.....€70,000 per year.......10% drop due t0 Brexit is €7,000 per year loss.

[dannyk13]

Sqad, I think the OP was referring to Oaps living on a pension alone,not those on a private pension.

[Sqad]

danny....quite true.
But pensions to me are pensions....that amount of money that you earn, save and rely on for your retirement.

[dannyk13]

As I said at 14.20 we will have to wait to see what happens.

[-Talbot-]

Since 2008 it has been all gravy, Sqad. Didn't you look after that extra money?

[hc4361]

Since 2008 it has been rubbish for savers and investors.

[Sqad]

-Talbot- "extra money" what is "extra" about it?

That was MY money, that i had worked hard to obtain. "Extra?" don't know what you mean.

[Sqad]

hc4361.......^^^ exactly.

[hc4361]

I had a mortgage when the interest rate was 15% and I had no savings. Now I have no mortgage but I do have savings and the interest rates are not doing me any good at all.

Bah humbug

[webbo3]

unless you have at least 150k in your pension pot to but an annuity I wouldn't bother, you will recieve next to nothing, I work in the business and I see some pitiful pensions, 15 or 20 pounds per annum.



Dave.

[-Talbot-]

Since 2008 it has been rubbish for savers and investors.



We're talking about the exchange rate.

[-Talbot-]

And why has it been rubbish for investors?