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Pension paid to UK account

Pension paid to UK account

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Old May 12th 2021, 1:17 pm
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Default Pension paid to UK account

I was wondering if anyone who has returned from Canada and get their Canada Pension Plan (CPP) and Old Age Security (OAS) payments sent to a UK bank account incur any monthly fees?
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Old May 12th 2021, 5:20 pm
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Default Re: Pension paid to UK account

Hi

Originally Posted by Linotype
I was wondering if anyone who has returned from Canada and get their Canada Pension Plan (CPP) and Old Age Security (OAS) payments sent to a UK bank account incur any monthly fees?
1. Assuming you have 20 years of residency after the age of 18 your OAS and CPP can be direct deposited to your overseas bank accounts in the local currency. Read: https://www.canada.ca/en/services/be...it-amount.html
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Old May 12th 2021, 6:01 pm
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Default Re: Pension paid to UK account

Originally Posted by PMM
Hi



1. Assuming you have 20 years of residency after the age of 18 your OAS and CPP can be direct deposited to your overseas bank accounts in the local currency. Read: https://www.canada.ca/en/services/be...it-amount.html
Thank you, but does the UK Bank where it is deposited charge a fee for each deposit?
Anyone have any experience of this?

I am resident in Canada.
For instance my UK State Pension is deposited to my Canadian bank account each month no fee.
A State Pension I get from The Republic of Ireland is sent to my Canadian bank account each month as a wire transfer with a $14 fee.

Last edited by Linotype; May 12th 2021 at 6:05 pm.
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