What impact will BREXIT have on the cash payment of pension assets?

What impact will BREXIT have on the cash payment of pension assets?

The United Kingdom of Great Britain and Northern Ireland left the European Union on 31 January 2020. In addition, the agreed transition period expired on 31 December 2020. As a result, the previously applicable Agreement on the Free Movement of Persons and Regulations (EC) No. 883/2004 and No. 987/2009 between Switzerland and the United Kingdom of Great Britain and Northern Ireland will no longer apply as of 1 January 2021.

The restriction on cash payments in the case of compulsory insurance no longer applies to persons who have settled in the United Kingdom of Great Britain and Northern Ireland and are not gainfully employed in any EU state. These persons can now have their entire 2nd pillar assets paid out. The previously necessary clarification of the social security obligation is therefore no longer necessary, even if you emigrated from Switzerland before 1 January 2021.