Skip to main content

State Retirement Pensions: Overseas Residence

Volume 487: debated on Thursday 29 January 2009

To ask the Secretary of State for Work and Pensions if he will take steps to ensure that payments made by his Department in sterling to UK pensioners resident abroad can be made by direct deposits into overseas sterling accounts; and if he will make a statement. (248819)

Pension payments to UK pensioners resident abroad are paid directly into an account overseas in local currency. This is more convenient for the majority of customers and the rates the Government have negotiated to convert from sterling to the relevant currency are more competitive than those that could be obtained by individual customers.

Customers can choose to have their payments made in sterling to a UK bank account if they wish.