PERSONAL EMPLOYER ADVISER Scottish Widows Contact us Register Log in Home Brexit Q&A BREXIT Questions & Answers Following the UK’s exit from the EU, we have taken the opportunity to clarify our approach to servicing all customers who are resident overseas. This has meant making some changes to our products and services, including accessibility. We are committed to ensuring we continue to meet our customers’ needs and expectations, and will keep customers informed of any changes that affect them. We’ve included the most frequently asked questions on your products and services below. The answers are based on our current understanding of UK and EU laws and regulations, and may be subject to change. We’ll update our answers to reflect the latest information available to us. Section links: General Individual pensions Workplace savings Annuities Investments (OEIC/ISA/Endowments) Bonds Insurance GENERAL Can I still apply for the same products and services following Brexit? Is my personal data still secure if I am living outside the UK? Can I continue to make payments to my product while I’m living outside the UK? Will I continue to receive payments from my product while I’m living outside the UK? Which countries are in the EU? Which countries are in the European Economic Area (EEA)? How am I protected? Can I continue my plan while living outside the UK? I have recently been informed that my UK current account is being closed due to Brexit. Can I arrange to pay my monthly premium by standing order, cheque, or electronic transfer? I have recently been informed that my UK current account is being closed due to Brexit. What will happen if I want to make a withdrawal or receive a payment from my policy or plan (including an annuity in payment) in future? I have recently been informed that my UK current account is being closed due to Brexit. Can I provide you with my overseas bank account details? I have opened a new UK bank account. How do I update the payment details for my plan / pay any missed premiums? I have recently been informed that my UK current account is being closed due to Brexit. I have tried to take out another UK current account, but I am having difficulty obtaining one, what alternative payment arrangements are available? For general updates and guidance on the UK leaving the EU, the UK Government has set up an online hub. INDIVIDUAL PENSIONS How are you protecting my retirement savings from Market Volatility? Will I be able to transfer the value of another pension arrangement into my Scottish Widows pension plan if I am living abroad? Will I still be able to make payments into my plan while living abroad? Will I be able to access my pension benefits if I am living overseas? [Personal pensions] Will I still receive tax relief on my payments into my plan while I am living abroad? Will I still be able to choose how I want to take my pension benefits, if I’m living abroad at retirement? Should I take my money out now? Will I be able to change how my pension is invested, if I’m living abroad? WORKPLACE SAVINGS Scottish Widows offers different types of workplace pension schemes including Group Personal Pensions (GPP), Group Self Invested Personal Pensions (GSIPP), Occupational Money Purchase (OMP) schemes and a Master Trust scheme. How your pension will be affected if you reside overseas depends on the type of scheme it belongs to. How are you protecting my retirement savings from Market Volatility? Will I be able to access my pension benefits if I am living overseas? Will I be able to transfer the value of another pension arrangement into my Scottish Widows pension plan if I am living abroad? Will I still be able to make payments into my plan while living abroad? [Personal pensions] Will I still receive tax relief on my payments into my plan while living abroad? Will I be able to change how my pension is invested while living abroad? ANNUITIES How will my annuity payments be impacted by Brexit? If I’m living abroad, will my annuity payments still be paid into my bank account (in country of residence)? Will I continue to receive yearly increases to my annuity payments while I’m living abroad? Can I ask for my annuity payments to be made to an overseas bank account in future? I have recently been informed that my UK current account is being closed due to Brexit. What do I need to do to ensure that I can continue to receive regular income payments from my Scottish Widows Annuity Plan? INVESTMENTS (OEIC/ISA/ENDOWMENTS) Will the value of my investment/shares be impacted as a result of Brexit? Should I take my money out now? Will I still be able to make further investments while living abroad? Will there be any changes to my investment while I am living abroad? BONDS Will I still be able to take withdrawals from my plan? Will Brexit impact the value of my plan? Should I take my money out now? Can I make payments into my plan while living abroad? INSURANCE Will I still be covered by my plan while living abroad? Can I make changes to my plan while I am living overseas? Back to top CONTACT US Get in touch How would you like to hear from us? Make a claim Make a complaint Existing customer centre PRODUCTS Pensions & Annuities Life Insurance Savings & Mortgages SERVICES Fund prices Find a financial adviser ABOUT US About Scottish Widows Responsible investment Personal Employer Adviser Scottish Widows Bank Lloyds Banking Group Careers Media Centre Cookies Legal Information Accessibility Sitemap Facebook Twitter Youtube