HomePortalLatest imagesRegisterLog in

altText
altText
altText
altText
altText
altText

Share
 

 Has Anyone Transferred their Pension to a BG Bank

View previous topic View next topic Go down 
AuthorMessage
itchyfeet
Mega user
Mega user
itchyfeet

Posts : 2268
Join date : 2010-09-10
Age : 68
Location : Paskalevets

Has Anyone Transferred their Pension to a BG Bank Empty
PostSubject: Has Anyone Transferred their Pension to a BG Bank   Has Anyone Transferred their Pension to a BG Bank Icon_minitimeTue Jul 01, 2014 2:01 pm

I am contemplating having my UK State pension paid into a Unicredit bank here from the UK. Although it would have to be transferred by an Iban or Swift number etc, is there a charge for this or does the UK send it free of any charges? Just working out the costs and any savings because Nationwide charge heavily for drawing Leva at an ATM over here.
Back to top Go down
oddball
Moderator
Moderator
oddball

Posts : 7312
Join date : 2009-10-20
Age : 65

Has Anyone Transferred their Pension to a BG Bank Empty
PostSubject: Re: Has Anyone Transferred their Pension to a BG Bank   Has Anyone Transferred their Pension to a BG Bank Icon_minitimeTue Jul 01, 2014 8:22 pm

Hi Itchy I worked in pensions dept up until last year, many of my clients lived overseas and had their pensions transferred monthly. This worked well for them as there are no charges other than converting the stirling to lev. I assume you are charged a 1 to 3% to draw the funds out anyway, bacs payment there are no charge and you can get a debit card too. Each year you will still be sent a P60.
Back to top Go down
itchyfeet
Mega user
Mega user
itchyfeet

Posts : 2268
Join date : 2010-09-10
Age : 68
Location : Paskalevets

Has Anyone Transferred their Pension to a BG Bank Empty
PostSubject: Re: Has Anyone Transferred their Pension to a BG Bank   Has Anyone Transferred their Pension to a BG Bank Icon_minitimeTue Jul 01, 2014 10:17 pm

oddball wrote:
Hi Itchy I worked in pensions dept up until last year, many of my clients lived overseas and had their pensions transferred monthly. This worked well for them as there are no charges other than converting the stirling to lev. I assume you are charged a 1 to 3% to draw the funds out anyway, bacs payment there are no charge and you can get a debit card too. Each year you will still be sent a P60.

Thanks for the info Berni - Yes, Nationwide very kindly took all my pension increase last to bolster their profits and on average it costs 3% on all Leva extracted from the ATM. I have set up the account with UniCredit, will the UK Pensions do a Bacs payment automatically or do I have to stipulate how I want the money transferred?

Has Anyone Transferred their Pension to a BG Bank 1536469901 Has Anyone Transferred their Pension to a BG Bank 1536469901
Back to top Go down
oddball
Moderator
Moderator
oddball

Posts : 7312
Join date : 2009-10-20
Age : 65

Has Anyone Transferred their Pension to a BG Bank Empty
PostSubject: Re: Has Anyone Transferred their Pension to a BG Bank   Has Anyone Transferred their Pension to a BG Bank Icon_minitimeWed Jul 02, 2014 9:45 am

You will have to send the UK the the BG bank account no, swift code and name on the account and they will set up the back with nominated bank then they will transfer to your account on a set day - might also make a note if the payment date falls on a Saturday your back account will not be credited until the Monday, so be a little careful around Xmas and bank hols. I also understand that if you have an account with a debit card here they charge you 1lev a month nothing much, I know but needs to be taken into account too.

:Let us know how you get on Great:
Back to top Go down
Sponsored content




Has Anyone Transferred their Pension to a BG Bank Empty
PostSubject: Re: Has Anyone Transferred their Pension to a BG Bank   Has Anyone Transferred their Pension to a BG Bank Icon_minitime

Back to top Go down
 

Has Anyone Transferred their Pension to a BG Bank

View previous topic View next topic Back to top 
Page 1 of 1

 Similar topics

-
» State Pension
» Spouses old age pension
» Preserve expats pension rights
» Pension age: Ministers to speed up rise to 66
» New state pension: Winners & losers

Permissions in this forum:You cannot reply to topics in this forum
 :: ExPat Lounge-