Pension draw down difficulty as an expat

Emmia

poseidon1 said:

Emmia said:

Bostonerimus1 said:

Paşa said:

I have a large private pension in the UK.  I reside abroad. HMRC are aware. 

My issue is my pension provider, who will not make any payments into a foreign bank account, only British. Has anyone experienced this problem, and if so what was their solution?

Where do you live now and what contacts do you have in or with the UK. Ask if they will deposit to something like Wise, a Channel Island account or maybe you can open up an account with HSBC and get a UK account.

As the OP isn't resident in the UK I think they'd need the HSBC expat account I linked to above - I think that account is operated out of Jersey. 

They set a high bar to be eligible. Either £75k to invest with them or £120k salary or equivalent income . Can OP meet the criteria?

"large private pension" would indicate the OP is likely to be not as poor as a church mouse.

They'd need to check the criteria though.

watervolume

Do you have other UK pensions that might allow draw down to a foreign bank account?

If so, transfer your LV pension into one of them.