[Anonymous]

Hi All,
just a quicky, i have a pension with my uk bank (that is currently not in use just gathering minimal interest)
when i move over to Spain permanantly, can i transfer it to my spansih account??

is it worth doing this ?

i can’t cash in the pension for many years

Chilly 8)

[Anonymous]

In theory you can transfer UK private pensions to qualifying overseas pension schemes if the rules of your scheme allow but you require the agreement of the Pensions Service Overseas.

There is info on the Inland Revenue website and the Pensions Advisory Service site at
http://www.pensionsadvisoryservice.org.uk/pension_rights/overseas_transfers/

Some more info in these articles:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/02/12/cmretire12.xml
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/08/05/cmsun05.xml&sSheet=/money/2006/08/05/ixperson.html
http://money.uk.msn.com/MyMoney/Insight/Money_Spinner/article.aspx?cp-documentid=143697&wa=wsignin1.0

It’s something you should really take professional advice on to find out if it worthwhile doing.

[Author]

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