Finland will pay state pension to its citizens in the UK in no-deal Brexit

Finland has said it will continue paying state pensions to its eligible citizens living in the UK for up to one year, if the UK leaves the European Union (EU) without a deal.

As reported by Bloomberg, the ‘protection period’ already applies to recipients who move outside the EU.

The announcement that it will continue this protection in the event of a no-deal Brexit , is part of Finland’s preparation for the UKs withdrawal, its Ministry of Social Affairs and Health said on Thursday, 29 August.

The Finnish state paid an average of around €105 in pensions to 320 recipients living in the UK in 2018.

A no-deal Brexit is now looking more likely for the UK, following the Queen’s approval to shut down parliament for around 23 working days before the Queen’s Speech, which will take place on 14 October 2019.

    Share Story:

Recent Stories

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows

Europe’s pensions challenges
Francesca Fabrizi meets Matti Leppälä, Secretary General and CEO of PensionsEurope, to discuss the key aims and objectives of the association today.