State Pension entitlement if you retire abroad

You can claim State Pension abroad if you have paid enough UK National Insurance contributions to qualify.

To make a claim you must be within four months of your State Pension age.

You must choose which country you want your pension to be paid in. You cannot be paid in one country for part of the year and another for the rest of the year.

Your State Pension can be paid into:

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

 

You can use:

  • an account in your name
  • a joint account
  • someone else’s account – if you have their permission and keep to the terms and conditions of the account

 

You will need the international bank account number (IBAN) and bank identification code (BIC) numbers if you have an overseas account. You will be paid in local currency – the amount you get may change due to exchange rates.

How your future pension may be affected

If you live outside certain designated areas, you may lose out on the annual increases in the UK State Pension.

Your State Pension will only increase each year if you live in:

  • the European Economic Area (EEA)
  • Gibraltar
  • Switzerland
  • countries that have a social security agreement with the UK (but you cannot get increases in Canada or New Zealand)

However, if you have not qualified for annual increases whilst abroad, your pension will go up to the current rate if you return to live in the UK.

Latest Blog
16
May

Check out the Trivial Benefits rules

Trivial benefits are small gifts or perks given to employees that are exempt from tax...

Read More
14
May

Death and taxes

Death and taxes are certainties of life, according to Benjamin Franklin, and if you a...

Read More
08
May

What to expect in the coming year

It will not have escaped your attention that Prime Minister Sunak will need to call a...

Read More
07
May

Companies House is flexing its muscles

As we have reported previously, one of the key aims of the Economic Crime and Corpora...

Read More