anagerbera2014

Thanks a lot, Loco. That is why I would prefer to receive the Teachers Pension in Wise, this way, I am freer to do the exchange into Euros when it is a good moment.

I have written to the Teachers Pension asking whether they accept Wise for the monthly pension payments. I shall report here when they reply to me.

Best regards.

Loco

My pleasure.

They do. Just give them your Wise UK Iban details.

Best Loco

anagerbera2014

Hi, could someone tell us, please if they receive their "UK State Pension" into a Wise account? That would be very useful to know indeed!
Many thanks to all.

anagerbera2014

Hello Loco, do you happen to know if the "UK State Pension" can be paid into a Wise account? Thank you very much.

spainrico

I have not actually done it but was informed by HMRC that it could be done (in preparation if Lloyds Bank closes expat accounts) and I think other posters have commented that they are doing it. I can also confirm Aviva will pay into Wise but Scottish Widows will not.

Barriej

I think the uk state can be paid into a wise account as it can be paid to whichever country you live in, so IBAN isn't an issue.
Personal private pensions are a different matter though, my provider (Transact) will only pay to a UK bank or building society.

If it were me I would just put the wise account details down when applying but add an extra account in case it's a no.

However you do know that the exchange rate when it's paid direct to a Spanish account will be better than any deal you will get elsewhere. As the UK will be paying out millions of euros....

anagerbera2014

Thanks very much, Barrie, that is very good news regarding the "UK state pension". I asked the Teachers Pension if they can accept "Wise.com" for sending payments, but they have not replied yet with an answer... I hope they say yes! Best regards.

anagerbera2014

Thanks very much for commenting, Spainrico, good to know. Kind regards.