EU nationals will have until 30 June 2021 to confirm their status. It will cost £65 for those over 16 and £32.50 for those under 16, although there will be no charge for those who already have indefinite leave to remain in the UK or permanent residence.
People will have to have been resident before 31 December 2020, when the proposed post-Brexit transition period ends, in order to apply.
All those who have been living continuously in the UK for five years will be eligible for settled status, giving them broadly the same rights as they have now.
Anyone who has not be in the UK that long will be eligible for pre-settled status and be able to qualify for settled status once they have completed five years residence.
So if the EU reciprocate then any British citizen living in the EU may have to leave if they moved there within the last 5 years?