If you\u2019re entitled to a UK state pension then retiring abroad won\u2019t change that. You\u2019ll still receive the UK state pension and any workplace or private pension income.<\/p>
In this guide we take a look at the rules affecting your state pension if you move abroad. We also answer common questions like \u201ccan I get my state pension if I live abroad\u201d and \u201care there any changes since Brexit?\u201d.<\/p>
You can still get your UK state pension and any other private pensions<\/a> you\u2019ve paid into if you are retiring abroad.<\/p> UK state pension entitlement is based on your contributions to the UK national insurance system. If you\u2019re entitled to a UK state pension then you can still claim it while living abroad. You won\u2019t get any increases in state pension unless you live in the European Economic Area (EEA), Switzerland or countries where the UK has a social security agreement (apart from Canada and New Zealand). If you move back to the UK, your state pension will increase to the current rate.<\/p> You\u2019ll still receive any private or workplace pensions while you\u2019re abroad and you\u2019ll still be entitled to any annual increases while you\u2019re abroad.<\/p> Here\u2019s what you need to do if you already receive a pension and you are retiring abroad:<\/p> It\u2019s important to get independent financial advice before you leave the UK. That\u2019s because tax rules are different in other countries and it may make sense to take action and plan for any tax charges before you move abroad.<\/p> For example, in the UK your main residence is usually exempt from capital gains tax, but that may not be the case in another country. That means you could be hit with an unexpected and hefty tax bill.<\/p> Your state pension can be paid into any UK bank or building society, or a bank in the country you are living in.<\/p> You can also pay a private pension into any bank account. However, some providers might only authorise payments into a UK bank account or charge extra bank fees for payments into a foreign account. You will need to provide details of your international bank account number (IBAN) and bank identification code (BIC) if you have a foreign bank account.<\/p> You can choose to be paid every 4 weeks or every 13 weeks. If your pension is less than \u00a35 per week then you\u2019ll be paid once a year in December.<\/p> If you live abroad then local bank holidays can cause a delay to your pension payment. That\u2019s because local banks process the payments when they are working.<\/p> You can claim a state pension abroad by contacting the international pension centre. You can\u2019t claim until you\u2019re within 4 months of qualifying for a state pension which is currently 66 years old for men and women.<\/p>What you need to do if you move abroad<\/h3>
What you need to do before you leave the UK<\/h3>
Bank accounts your pension can be paid into<\/h3>
When you\u2019ll get paid your state pension<\/h3>
How to claim state pension abroad<\/h3>
Can you pay into the UK state pension while you live abroad?<\/h3>
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