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Barclays Closing the Accounts for Ex-pats.

Discussion in 'General Discussion' started by Bobby Dazzler, 11 Sep 2020.

  1. trazor

    trazor

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    There are some on here that will turn every thread into a Brexit thread.
     
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  3. Mottie

    Mottie

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    And what about those outside the EU?
     
  4. JohnD

    JohnD

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    RTFT.
     
  5. ellal

    ellal

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    Not specifically, but it will have a disproportionate effect on those in smaller 'third countries' such as the UK - as it will soon become one of those as regards the EU...

    But then people like 'knock knock' don't seem to understand the concept of financial passporting :rolleyes:
     
  6. Bobby Dazzler

    Bobby Dazzler

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    Their contributions now fund the healthcare for ex-pats abroad.
    And there is no guarantee that they "have paid into the NHS for a fair proportion of their working lives when they were young, fit and not in so much need of it". We have no idea how long or if they paid in before they became ex-pats.
     
  7. Mottie

    Mottie

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    Don’t put yourself down.
     
  8. Bobby Dazzler

    Bobby Dazzler

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    Well it is, in the same way that UK insurers will not be able to service EU ex-pats, whereas they could before.
    But the fact that Barclays are repositioning their market base may probably be a red herring, as far as Brexit is concerned.

    I suppose the clincher is in what one describes as 'financial services'.
     
  9. Bobby Dazzler

    Bobby Dazzler

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    There does seem to be some confusion. According to the This is Money website, link posted by ellal, it was 2018 when Barclays were going to close some accounts, but France and Germany would not be affected.
    The US is not on the list, along with the majority of EU countries. Barclaycard says the list is based on countries that can be serviced by a UK-based financial organisation.
    A spokesman said: 'We regularly review our policies and have made changes to the list of "supported countries" in which customers can reside and hold an open personal credit card account.
    The full list of supported countries is now as follows: UK (England, Scotland, Wales, Northern Ireland, BFPO), Australia, France, Germany, Gibraltar, Spain, and Jersey, the Isle of Man, Guernsey, Bermuda, Cayman Islands and Falklands Islands.​
    But now they are.
    So it's unlikely to be linked to tax liability, nor to repositioning their market.

    I can only assume that in 2018, France and Germany could be serviced by a UK bank, but times have changed.
     
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  11. JohnD

    JohnD

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    Tax-dodgers refuges.
     
  12. Mottie

    Mottie

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    Now you’re splitting hairs and being silly.
     
  13. Bobby Dazzler

    Bobby Dazzler

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    Is that your best counter argument?
    There is still no guarantee that they "have paid into the NHS for a fair proportion of their working lives when they were young, fit and not in so much need of it"

    It's just your assumption to suit your argument. But you have no way of knowing how accurate or inaccurate your assumption is.
    Ex-pats are not just retired people. From my experience there are as many ex-pats active in the labour market as there are 'retired' ex-pats, or probably more.
    Even retired ex-pats may start work again in their adopted country.
     
  14. JohnD

    JohnD

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    I'm told there are some people who spent their younger years in foreign parts (not paying UK tax or NI) and then came back and are claiming government handouts.
     
  15. ReganAndCarter

    ReganAndCarter

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    Yes, they're called asylum seekers.
     
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  16. JohnD

    JohnD

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    Mottie likes that.
     
  17. ellal

    ellal

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    'knock knock' doesn't have a clue!
     
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