Future of Investment in the UK after Brexit

1. Future of Investment in the UK after Brexit The road was long, but the partnership agreement negotiated by the EU and The UK came into force on January 1st, 2021. The whole thing was also a precision landing because all 27 member states only gave their consent on December 29, 2020. Thus, there was a seamless transition from the transition phase, which ended on December 31, 2020. For many investors, one pressing question remains in the foreground. What happens to my savings that are in a bank in the UK? Will the UK deposit insurance stay in place? The question of how things will go with the overnight money and fixed-term deposits of foreign investors after Brexit is of course not aimed at expropriation. The point in the room is aimed at the UK deposit insurance. To clarify, we are going to answer the 5 most frequently asked questions about Brexit and the future of investment in the UK. Answering 5 of the Most Frequently Asked Questions By Current & Potential Investors in The UK 1. I want to fly to London. Will my UK vacation become more expensive now? At the moment, a vacation in the UK is comparatively higher these, as it is everywhere in the world as a result of the coronavirus pandemic. However, the pound exchange rate has been decreasing in value in recent years, often as a reaction to politics. So, once the pandemic concludes and the restrictions are lifted, a trip to the UK will be more cost effective than in the past, prior to the pandemic. For EU citizens, it’s important to note that travel will remain easy, and nothing will change for the time being with the duty-free maximums for private travelers. Read: 39 Steps to Smart Living in UK

2. 2. I need to book my vacation rental and send money to the UK. Are there any changes I need to know about? For transfers in euros to Great Britain, you can continue to use the usual SEPA transfer. Great Britain remains part of the SEPA area. For payments in British pounds, use the international transfer. For this you need the IBAN and, if necessary, the BIC. 3. What do I have to consider if I order something from the UK online now and in the future? With Brexit, Great Britain will change from an “EU country” to a “third country” from the EU perspective. This changes, for example, sales tax and data protection; new customs regulations will also take effect very soon. Online retailers should be able to tell you exactly how this works for the individual offers on the ordering websites. We recommend that you read the fine print even more carefully than you may have done already. 4. I have savings in a UK bank. Is that no longer protected after a hard Brexit? Uniform rules apply within the European Union - according to this, deposits of up to EUR 100,000 per person per bank are legally protected. In Great Britain, a corresponding value of 85,000 British pounds has already been applied. This value will remain after Brexit. The only requirement: the bank or branch must (still) be authorized in Great Britain. The responsible protection scheme is the Financial Services Compensation Scheme. 5. I have a fund that has shares in UK companies. What happens to it now? The fund continues to exist. However, there may be fluctuations in value, for example, due to currency fluctuations or because the British economy is getting weaker or stronger. This can change the value of the fund - as with other market developments.

3. Plan Your Investments in The UK Looking for the best investment opportunities in the UK? Contact MASECO - an independent wealth management firm seeking to enrich the lives of American living in the UK and global clients through simplifying their multi-jurisdictional wealth management needs. Source: https://vocal.media/trader/investing-in-the-uk-after-brexit-should-investors-be- worried