There are many reasons why you might need to send money home whether you're working abroad or sending to loved ones. Caxton is a payments specialist and will ensure you avoid paying less than you have to compared to banks. We’ll ensure you avoid wasting money. No hidden fees. No additional charges. Just a great rate.

BREXIT: AN END TO THE GOOD LIFE?

There are many reasons why people might need to move large sums of money back to the UK, but none can have had such a dramatic and rapid an impact as Brexit. Of the 4.5 million Britons who live abroad, just under a third have made their home in Europe. That means more than a million people are faced with tough questions over how the June 2016 referendum will affect their life. If you have already made the difficult decision to move back home, this guide offers some reassuring advice.

YOU HAVE THE RIGHT TO FEEL ANXIOUS

Rights that British people have taken for granted for over 40 years are suddenly cards to be played at a negotiating table. The right to work, reside and own property in the European Union might soon be taken away. It’s true that nothing has yet been decided and both sides have many common objectives, despite all the rhetoric. After all, Europeans live and work in our country too. But the anxiety felt by 1,300,000 Brits abroad is all too real.

HOME IS WHERE THE HEART (AND HEAD) IS

There are several reasons why British citizens living in Europe might be feeling nervous after the 2016 referendum. They might soon need a visa to enter their adopted country. The increasingly weak pound means their money won’t go as far. But there are three factors in particular that may impact your thoughts on a return to Blighty.
PENSIONS

As things stand, British retirees who emigrate to Europe see their state pension rise by a minimum of 2.5% per year under the so-called “triple lock” system. Exiting the European Economic Area means the UK would need to negotiate individual reciprocal agreements to replace the current system. An impasse could lead to a reduction of 50k over next 20 years.

TAX

Non-EU citizens wanting to sell property in France are subject to crippling capital gains charges of as much as 49%. This contrasts to a tax of just 19% for EU citizens. In Spain, European citizens get preferential tax treatment, for example paying the same inheritance tax as locals. It’s unlikely the tax protections would be as comprehensive post-Brexit – if they remain at all.

HEALTHCARE

Under current rules all UK citizens are entitled to the same services at the same cost as local natives. All bets are off post Brexit. If we leave the European Economic Area we’d likely lose the European Health Insurance Card which allows us to receive state-provided medical treatment free of charge. For older ex-pats who are dependent on local healthcare services, this might just be a risk too far.

“Caxton were professional and proactive, ensuring I was kept updated about relevant currency issues. This meant I got the best possible rate as result of receiving the right support at every step of the process”.

INTERNATIONAL PROPERTY OWNER

4 SIMPLE STEPS TO INTERNATIONAL TRANSFERS

1
SPEAK TO ONE OF OUR ADVISERS
2
OPEN A PREMIER ACCOUNT
3
CHOOSE THE RIGHT TIME TO EXCHANGE

Choosing the right time to exchange currency can save you thousands. Let our dedicated account team help you safely navigate the market.

4
TRANSFER MONEY ON AGREED DATE

SPEAK TO A REPATRIATIONS CONSULTANT

If you would like more information about our international payments services, please get in touch with one of our consultants.

MICHAEL BIRD

ACCOUNT MANAGER

MICHAEL BIRD

ACCOUNT MANAGER

Overview: Assisting a large portfolio of clients, with a wide range and variety of requirements.

Specialist Area: Currency repatriation, Property exchange, Forward guidance and Hedging solutions.

How long: October 2018

Why a customer should believe: Proven experience in the Fx industry, attributed with professional accreditations and qualifications.

020 7201 0535