Spain Retirement & Pensions

Britons living abroad - Pensions

If you are retiring abroad, you can continue to receive your UK state pension.

If you are moving permanently, you will only get yearly increases in your pension if you are in another European Economic Area (EEA) country, including Spain, or one of the other countries that have a special agreement with the UK. You will also need to match the relevant regulations.

If you are living in the UK and are not planning to live in another EEA country for some time, you will need application form BR19 from your local Jobcentre Plus office or social security office.

If you are moving to another EEA country or anywhere else in the world you will need to inform The UK Pensions Service that you are moving abroad and give them your new address (contact details are below):

International Pension Centre
Tyneview Park
Newcastle-upon-Tyne
NE98 1BA
United Kingdom

Tel: +44 (0) 191 218 7777;
Fax: +44 (0) 191 218 3836

Further information can be obtained from:

www.direct.gov.uk

and

The Pension Service



Claiming your pension in the EEA

Remember to tell the Pension Service when you move abroad; every EEA country has its own rules and the pensionable age may vary.

If you have been paying in to a state pension in the UK, you will usually be sent a claim form from the Pensions Service four months before you reach the UK pensionable age. It will ask you if you want to claim a UK retirement pension and for details of any periods of residence and state insurance you have in other countries. If you are living in another EEA country and claim a pension from that country, the UK Pension Service will pass details of your claim to any other EEA country where you have been insured.

Remember to tell the Pension Service when you change your address or the form may not get to you. If you have an enquiry about your pension when you are abroad, you can either complete the online form or contact the Pension Service International Pension Centre at:

International Pension Centre
Tyneview Park
Newcastle-upon-Tyne
NE98 1BA
United Kingdom

Tel: +44 (0) 191 218 7777;
Fax: +44 (0) 191 218 3836



Transferring money to Spain



The Regular Payment Plan

Our Regular Payment Plan will be of great help to you if you have regular currency transfers to make. Such transfers might include overseas mortgage payments, pension payments or any other regular currency transaction.

The Regular Payment Plan offers you three simple payment options. Whichever you choose, you will always receive an excellent rate of exchange and enjoy the convenience of making payments by Direct Debit as opposed to arranging individual payments through your bank.

How does it work?

The Regular Payment Plan is flexible to suit your needs. Your regular payments will be paid to Moneycorp by Direct Debit. Moneycorp will then arrange for all currency transfers to be made to an account specified by you. Moneycorp will not debit your account more than 5 working days before the value date of your currency payment. Please note that the minimum monthly transfer amount is 250.

How much will it cost?

The only charge for this service is a 4 transfer fee for each transfer made on your contract.

Bank receipt charges are eliminated. We guarantee that our clients will not pay any bank receipt charges when sending funds abroad. This guarantee applies regardless of the amount being transferred or to which bank.