Taking UK pension lump sum
 

I'm having trouble getting good info on taking my Prudential personal UK pension as a lump sum. It's value is only about $16,500. I only have USA bank accounts, one person at the Pru said it shouldn't be a problem but an advisor here seems to think the Pru probably won't transfer the money to a USA account. Anyone on here had experience of this? I have sent an email to the Prudential but they say they will reply by mail and goodness knows how long that will take.

Re: Taking UK pension lump sum
 

No direct experience, but if they do insist on paying to a UK bank account you could set up a Transferwise Borderless Account to have it paid into, then convert the funds and send it to your US bank account.

https://transferwise.com/us/borderle...e=publicNavbar

Re: Taking UK pension lump sum
 

10 years ago Prudential wouldn't pay my pension into a US account, so it's paid monthly into my UK bank. Of course I have never asked again in the intervening years. MidAtlantic suggests a feasible solution and certainly one I would use if my UK bank decides to close US citizens accounts.