BREXIT: cash payments of pension assets  

The United Kingdom left the EU on 31 January 2020 and the transitional period expired on 31 December 2020. The Treaty on Free Movement, and Regulations (EC) nos. 883/2004 and 987/2009 between Switzerland and the EU States therefore no longer apply between Switzerland and the United Kingdom.

For persons residing in the UK who are not gainfully employed in any EU State, the restriction on cash disbursements of compulsory insurance benefits no longer applies as of 1 January 2021. These persons are entitled to payment of their full occupational pension assets. There is no further need to ascertain any compulsory social insurance obligation, even if the person left Switzerland before 1 January 2021.

Liberty Pension Ltd.