As such, the proceeds of British pensions, inheritances or rental income will now buy less in France. Government figures from 2015 show that there were around 61,000 British recipients of UK state pensions resident in France. Concerns that UK state pensions may be frozen have become real now that Britain has chosen to leave the EU. How will the UK state pension be affected? For those with Defined Benefit (DB) pension schemes, it is likely that falling gilt yields as a result of the ‘no’ vote will further drive up pension deficits.

Source: The Local July 20, 2016 11:48 UTC