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drawing a uk pension in oz


marknhelen

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Hi All,

Father - in law is wanting to come out to visit when we move to oz, can he have his uk state pension transfered to an oz bank if he was allowed to open one. Or if he decided that he wanted to retire for good in Oz will he be able to have his state pension transfered then as well.

 

regards

 

marknhelen :notworthy: :chatterbox: :wacko:

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Guest dwaldron

Yes, many people get their pension paid into an Australian account, and I think that a lot of people get it paid into a Nationwide account as wqell as they can access the money abroad without incurring fees.

 

He needs to bear in mind that (quite unfairly in my opinion) when he emigrates his State pension will be frozen at the level it was when he left the country and he will not enjoy the regular CPI increases.

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