Pensions from oversea

Cutyourcloth

Hi,
First post although I have been reading it with interest for quite a while.
I was wondering if anyone has any experience in receiving company pensions from abroad.
It's payable in euro from Ireland. Also I expect it will be taxed like a UK company pension , so I was looking for an efficient method of getting access to it.
One thought was a euro account and use for holidays.?
Any thoughts?

Brynsam

A euro account was avoid exchange rate fluctuations.

xylophone

https://transferwise.com/gb/borderless/euro-account

might be worth a look - have the pension paid in and use the cash when you visit RoI/other euro zone countries.

Cutyourcloth

Thanks the transferwise looks intresting if you can get a bank card. Definitely looks like the best way will be with a euro account.

nigelbb

Cutyourcloth wrote: »

Thanks the transferwise looks intresting if you can get a bank card. Definitely looks like the best way will be with a euro account.

Transferwise are OK but if you prefer a UK institution where your money is guaranteed by the Financial Services Compensation Scheme (FSCS) then take look at Starling Bank who are a proper UK based banking operation. Their exchange rates are better than TransferWise as the don't charge a per transaction fee. The only interaction is through the smartphone app but it's very slick. Unlike the more dedicated foreign exchange operations like Transferwise Starling Bank do all the normal bank things like overdrafts, direct debits, standing orders etc

coyrls

nigelbb wrote: »

Transferwise are OK but if you prefer a UK institution where your money is guaranteed by the Financial Services Compensation Scheme (FSCS) then take look at Starling Bank who are a proper UK based banking operation. Their exchange rates are better than TransferWise as the don't charge a per transaction fee. The only interaction is through the smartphone app but it's very slick. Unlike the more dedicated foreign exchange operations like Transferwise Starling Bank do all the normal bank things like overdrafts, direct debits, standing orders etc

Starling Bank will charge a 0.4% fee for euro conversions from 1st September.