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Forum: Australia

Jan 12th 2024, 10:06 pm

Replies: 29

UK Private Pension

Views: 4,059

Posted By Jakeinaka

Re: UK Private Pension

Again, Wise is not a bank.

As Pulaski mentioned, it IS a good service, I use it regularly, but some/many pension providers including mine do not accept it.

Forum: Australia

Jan 12th 2024, 7:32 pm

Replies: 29

UK Private Pension

Views: 4,059

Posted By Jakeinaka

Re: UK Private Pension

Don't need to Google it, Wise isn't a bank. Some pension providers may accept a Wise account for payments, but mine doesn't. In my case the conditions are clear:
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Forum: Australia

Dec 26th 2023, 10:17 am

Replies: 29

UK Private Pension

Views: 4,059

Posted By Jakeinaka

Re: UK Private Pension

I'm not a pro but:
1. Open UK bank account: Very difficult if not resident in the UK
2. The day I turn 55 , make a 100 pound withdrawal: I did similar
3. Fill out HRMC forms requesting a...

Forum: Australia

Nov 16th 2023, 2:41 am

Replies: 29

UK Private Pension

Views: 4,059

Posted By Jakeinaka

Re: UK Private Pension

That's sort of what I did, moved to another provider who is more "friendly". There is a BUT, mine needs a UK bank account to pay into. Another can of worms for many...

Forum: Australia

Nov 15th 2023, 10:55 am

Replies: 29

UK Private Pension

Views: 4,059

Posted By Jakeinaka

Re: UK Private Pension

I'm in Japan but I had a different response from my UK private pension company. I can't see why Australia should be different.
In my case at 55 there was no reason why I could not take the tax free...

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