Using your pension overseas is possible. You've got two main options: you can either leave your pension in the UK or transfer it to an overseas pension scheme.
There's just a couple of things you might need to consider: first, some banks might not let you maintain your UK bank account if you move abroad; second, not all pension providers are able to transfer money to a non-UK bank. And even the ones that do might ask for a fee. So, to avoid any unexpected surprises, it's a good idea to chat with your bank and pension provider about your plans. Thinking about transferring your pension to a new, non-UK scheme? You'll need to pick one that's a Qualifying Recognised Overseas Pension Scheme or QROPS. |
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