Pension paid to UK account
#1
Forum Regular
Thread Starter
Joined: Sep 2009
Location: Edmonton, Alberta
Posts: 141
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?
#2
Re: Pension paid to UK account
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
#3
Forum Regular
Thread Starter
Joined: Sep 2009
Location: Edmonton, Alberta
Posts: 141
Re: Pension paid to UK account
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
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
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.