Money Helper

Retiring abroad

By Mon, March 29 2021 10:06 BSTNo Comments

You can claim and receive a UK State Pension while living overseas.

But Pension Credit stops when you move overseas permanently. This is a means-tested benefit, which can top up your weekly income.

When you move, you need to notify the International Pension Centre. Their contact details are on the GOV.UK website

If you’re from Northern Ireland, you need to notify the Northern Ireland Pension Centre. Their contact details are on the nidirect website

You also need to contact HMRC to make sure you pay the right amount of tax. Their contact details are on the GOV.UK website

Your State Pension can be paid to a UK bank or building society account, or to an overseas account in the local currency.

You’ll need the international bank account number (IBAN) and bank identification code (BIC) numbers if you have an overseas account.

You’ll be paid in the local currency. That could mean the amount you get may change due to exchange rates.

Just as in the UK, you can choose to delay or stop taking your State Pension for a time and get extra State Pension.

If you move to a European Economic Area country on or after 1 January 2021, your right to some UK benefits might change. For the latest information, please see the GOV.UK website