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UK State Pension advice please

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Posted: Sun Apr 7, 2019 3:37pm
2 replies116 views4 members subscribed
dave sierra golf

Posts: 42

Location: Balsicas

4 helpful posts

Hola

I still have my State Pension paid into the H.S.B.C bank in the UK

then transfer the funds as and when into the Sabadell Bank

If I transfer 500 pounds  I have (taken the end of last week) €560 transferred 

The D.W.P are willing to pay directly into Sabadell  (via Citi Bank)  

Can anyone work out (or know) what is the best? please      all Citi Bank state is 0.62€  and 0.52 pound ????

PeterC

PeterC

Helpful member

Sun Apr 7, 2019 4:47pm

Posts: 482

Location: Los Alcázares

204 helpful posts

Posted: Sun Apr 7, 2019 4:47pm

We have always had our state pensions paid direct into our Spanish bank, as they DWP do it at the best rate available when they transfer. Makes it easier to declare when submitting Spanish tax return as you simply use what you have been paid in Euros without worrying about exchange conversions.

crissywissy

crissywissy

Helpful member

Mon Apr 8, 2019 9:14am

Posts: 771

Location: San Javier

428 helpful posts

Posted: Mon Apr 8, 2019 9:14am

State pension is paid at the best rate avilable ...ours is paid directly to Sabadell with no problem. Just inform DWP of the details.

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