Having UK Pension cheque sent to USA
Aug 6th 2018, 12:46 pm
#1
Just Joined
Thread Starter
Joined: Aug 2018
Posts: 2
Having UK Pension cheque sent to USA
Hi everyone - here's my dilemma:
I have a small UK pension pot (about £3400) in a private (not state) pension find that I am eligible to withdraw in full having reaching 55. I paid into it for about 10 years as a UK resident with indefinite leave.
The problem is I have been back in the US (I'm a US citizen) for over a year and I no longer have a UK bank account.
The fund is making me jump through hoops to prove who I am - fair enough - but they are insistent that the money must be wired to a UK bank account.
My question is: don't I have the right, once I have proven who I am and where I live etc., to have a paper cheque sent to me? They do charge me monthly administration fees.
Thanks - I hope someone has some experience with this.
B.
I have a small UK pension pot (about £3400) in a private (not state) pension find that I am eligible to withdraw in full having reaching 55. I paid into it for about 10 years as a UK resident with indefinite leave.
The problem is I have been back in the US (I'm a US citizen) for over a year and I no longer have a UK bank account.
The fund is making me jump through hoops to prove who I am - fair enough - but they are insistent that the money must be wired to a UK bank account.
My question is: don't I have the right, once I have proven who I am and where I live etc., to have a paper cheque sent to me? They do charge me monthly administration fees.
Thanks - I hope someone has some experience with this.
B.
Aug 6th 2018, 1:23 pm
#2
BE Forum Addict
Joined: Aug 2013
Location: Athens GA
Posts: 2,134
Re: Having UK Pension cheque sent to USA
Hi everyone - here's my dilemma:
I have a small UK pension pot (about £3400) in a private (not state) pension find that I am eligible to withdraw in full having reaching 55. I paid into it for about 10 years as a UK resident with indefinite leave.
The problem is I have been back in the US (I'm a US citizen) for over a year and I no longer have a UK bank account.
The fund is making me jump through hoops to prove who I am - fair enough - but they are insistent that the money must be wired to a UK bank account.
My question is: don't I have the right, once I have proven who I am and where I live etc., to have a paper cheque sent to me? They do charge me monthly administration fees.
Thanks - I hope someone has some experience with this.
B.
I have a small UK pension pot (about £3400) in a private (not state) pension find that I am eligible to withdraw in full having reaching 55. I paid into it for about 10 years as a UK resident with indefinite leave.
The problem is I have been back in the US (I'm a US citizen) for over a year and I no longer have a UK bank account.
The fund is making me jump through hoops to prove who I am - fair enough - but they are insistent that the money must be wired to a UK bank account.
My question is: don't I have the right, once I have proven who I am and where I live etc., to have a paper cheque sent to me? They do charge me monthly administration fees.
Thanks - I hope someone has some experience with this.
B.
https://transferwise.com/us/borderless/
Aug 6th 2018, 2:22 pm
#3
Just Joined
Thread Starter
Joined: Aug 2018
Posts: 2
Re: Having UK Pension cheque sent to USA
Thanks MidAtlantic, will look into it now! 
Aug 6th 2018, 5:13 pm
#4
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Joined: Nov 2007
Posts: 906
Re: Having UK Pension cheque sent to USA
+1 for Transferwise
