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UK state pension WILL be paid abroad after Brexit

BayRadio | October 2, 2020
UK Brexit state pension civil service pension

The UK’s Brexit Minister has confirmed the state pension and civil service pension will continue to be paid into foreign bank accounts after Brexit.

Steve Barclay said: “The UK state pension will continue to be paid worldwide following our departure from the EU, either into a bank in a pensioner’s country of residence or a bank or building society in the UK.”

He said the Civil Service pension scheme also allows members to receive payments into a ‘foreign bank account’.

“The amount received by overseas members is their pension entitlement in pounds sterling converted to the local currency using business exchange rates at the time payment is made.

READ MORE: MP defends British expats over fears of UK banks closing accounts



Written by BayRadio

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