You can keep your Cushon pension when moving overseas. Here are your options:
- Keep your pension in the UK
- Combine your pension with an overseas pension scheme
If you keep your pension in the UK, you can:
- Have payments sent to your UK bank account
- Have payments sent to a bank account in your new country
Check these first:
- Some banks may close UK accounts after you move abroad
- Not all pension providers pay into non-UK accounts
- Fees may apply for overseas payments
- Check with your bank and pension provider before you move.
If you want to combine your pension with a scheme outside the UK, the scheme must be a qualifying recognised overseas pension scheme (QROPS). Transfers can be complex, so speak with a financial adviser before deciding.