UK Pension and bank account ?

[allgram]

HI ,Not having received my UK pension application forms i downloaded them from the .gov website with a view to reading them before I tell Newcastle about not having received theirs during the time frame stated , anyway , what I need to ask is " after reading the forms (24 pages) I cannot find an application to pay my new pension into a UK bank account " it needs my Spanish bank and IBAN number, does everyone get their UK pension paid into a Spanish bank or am I missing something , phew .

Thank you.

allgram.

[gerryh]

My wife's pension is paid into our UK bank account, my pension is paid into our Spanish bank account.
Cheers
Gerry

[allgram]

Thanks Gerry , did your wife apply from Spain then ? which means she had a choice , is that right.
allgram.

[gerryh]

We were living in Spain before we became UK pensioners.
There was the option, on the form, if which country and bank where we wanted the pension paid.
Perhaps it's changed since we did it.
Phone Newcastle we always found them very helpful.
Just had a look at the website site and it says:-

"Your State Pension can be paid into:

a bank in the country you’re living in
a bank or building society in the UK"

Here is the link https://www.gov.uk/state-pension-if-you ... ad/payment

Cheers
Gerry

[allgram]

Thank you Gerry.

allgram.

[Trooperman]

There was no UK bank option included with my forms so I just returned the Spanish bank details form blank and included a separate note saying I wanted it pain into my UK bank. Went like clockwork.

[CapnBilly]

I applied online a few months ago, and it was one of the options you completed. Mind you, its a very old system, you have to use XP, which i have a image of so that was no problem. However, I had to locate a version of Internet Explorer 6 !, before it would work properly. I think it would also work with versions of Firefox from around the same period.

[Miro]

There was no UK bank option included with my forms so I just returned the Spanish bank details form blank and included a separate note saying I wanted it pain into my UK bank. Went like clockwork.

Ditto

[El Cid]

I originally had both pensions paid into a UK bank. A call to DWP and we transferred one of them to our Spanish bank. It has the advantage that there is no commission on the transfer.

We prefer to keep one payment into the UK so that we can transfer the money when the rate suits us.

Sid

[TorreDelAguila]

UK Pension Agency (DWP) does use absolutely top exchange rates when paying into a Euro (Spanish) bank account - far better than having it paid into a UK account in sterling, and then paying the bank's transfer and/or exchange rates when personally transferring money to here.

DWP will take an instruction to pay into a different account (eg a Spanish one) over the phone, for immediate effect, which will be confirmed by them in writing later.

[Martin Page]

You also need to consider your personal Tax situation depending on your permanent Residency - any pensions paid into Spanish banks can be considered taxable income by Spain

[CapnBilly]

They don't have to be paid in to be considered taxable income.

[El Cid]

You also need to consider your personal Tax situation depending on your permanent Residency - any pensions paid into Spanish banks can be considered taxable income by Spain

Of course they are - it says "pension" on the transfer paperwork.

As CapnBilly says they are taxable irrespective of where the money goes.

Sid