Receiving your pension overseas

If you want to receive your pension into an overseas bank account, you’ll need to complete an Overseas Payment mandate and send it to us with:

There are a small number of countries our paying agent cannot pay as part of the standard payment process. If your country is not listed on the mandate, please contact us.

Once we receive your mandate, we’ll arrange to pay your pension in the local currency of your bank account.

Direct payments to an overseas bank can take longer than payments to a UK bank account, so your pension may arrive a few days after your usual UK payment date.

Overseas Payment Mandates

ID requirements for Overseas Mandate Forms

When you return your Overseas Mandate Form, you must include two forms of ID:

  • Photographic ID - for example a passport or driving licence (see full list below)
  • Proof of bank account - a paper statement or online statement that shows your current address and the date it was produced

Exchange rates and currency

The exchange rate used for your payment is based on business exchange rates, which change throughout the day depending on global markets. Payments are processed in high volumes, meaning you usually receive a better rate than for an individual transaction.

Payments can only be made in the local currency linked to your overseas mandate.

P60 and Advice of Payment

Your pension is paid into our overseas paying authority account before being forwarded to your overseas bank. This means the bank account details shown on your P60 or Advice of Payment will be those of our overseas paying authority, not your own account.

Declaration of Entitlement

We may occasionally ask you to complete a Declaration of Entitlement so we can check that you’re still eligible to receive your pension. If you receive this request, please complete and return the form as soon as possible to avoid any disruption or suspension of your payments.