To ask the Chancellor of the Exchequer, if he will make provision to ensure that UK citizens resident in the remaining EU 27 countries are able to have British Civil Service and other state pensions paid into overseas bank accounts.
30 September 2020
The Civil Service pension scheme offers the facility for members to have their pension paid into a foreign bank account. The amount received by overseas members is their pension entitlement in pounds sterling converted to the local currency using business exchange rates at the time the payment is made.
The UK state pension will continue to be paid worldwide following our departure from the EU, either into a bank in a pensioner’s country of residence or a bank or building society in the UK.