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Pension providers that will pay into an overseas bank account
WastedWords
Posts: 110 Forumite
Due to a planned move to the EU zone, I am looking for pension providers that can pay withdrawals from my DC pension to an overseas bank account.
Currently, my DC pension is held with WTW Lifesight, which can make withdrawal payments to an overseas bank account. However, the available investment choices are limited.
Most major retail SIPP providers will only make payments to a UK bank account (i.e., HL, AG Bell, Fidelity, etc.). Aviva is the only provider I have found so far that will pay into an overseas bank account.
Does anyone know of any others?
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Comments
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That's good to know :-) My pension is wiith Aviva and I'm looking to retire on the continent in about 20 years time
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Often it is best to retain a UK bank account and have it paid to that. Then you can control the transfer using the money transfer service of your choice to get a better conversion rate.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
That is my number one plan, but with quite a few banks having closed expat accounts I am considering a backup plan.dunstonh said:Often it is best to retain a UK bank account and have it paid to that. Then you can control the transfer using the money transfer service of your choice to get a better conversion rate.
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That will be 0.75% please ;-)Mark_d said:That's good to know :-) My pension is wiith Aviva and I'm looking to retire on the continent in about 20 years time0
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