UK Pension but No UK Bank Account

Published / Last Updated on 29/08/2019

Foreign Bank Accounts and Pensions: Many UK pension schemes do not have the facility to pay pension lump sums or pension income into overseas bank accounts.

Always keep open a UK bank account.  It is difficult to open a UK bank account if you have moved overseas.

You may end up having to transfer your pension in its entirety to a UK pension scheme that can pay lump sums or income to overseas accounts.

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