how do you get your pension paid

Pugsey


Joined: 22/03/2008
Posts: 173

Message Posted:
12/07/2009 01:12

Probably been asked before but my mother in law is moving over in September and is wondering how she should get her pension paid. Should she get paid into uk bank and transfer or can it be paid direct to cyprus accounts?



any help appreciated



pugsey

nurseawful



Joined: 06/02/2009
Posts: 5934

Message Posted:
12/07/2009 01:15

Depends I think on the pension but Hubby could NOT get his paid into a bank in TRNC as not a recognised country! They said they could not pay into a foreign bank but they are a Dutch company, and pay into UK bank no probs!

arrry



Joined: 19/08/2008
Posts: 1235

Message Posted:
12/07/2009 01:17

Pugsey i don't think you can have it transferred here you have to put it in your UK account first .

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
12/07/2009 01:17

Only way is HSBC A/C UK transfered to HSBC TRNC take out cash in Stg and go to Bureau de Change for best rate for TL



Richard

CarrieRBag



Joined: 23/12/2008
Posts: 1374

Message Posted:
12/07/2009 08:26

My husband's pension is paid DIRECT from UK to our HSBC account here. No transferring, it just appears each month (thank goodness).

Mindy



Joined: 27/10/2008
Posts: 1210

Message Posted:
12/07/2009 08:34

Some time ago HSBC Girne advised us not to have pension transferred into their bank due to funds going missing in the system.

batgirl


Joined: 04/02/2009
Posts: 676

Message Posted:
12/07/2009 08:36

Start a Nationwide acc get pension paid into this acc withdraw at cash points in TRNC no transfer fees and rate of the day

waddo


Joined: 29/11/2008
Posts: 1966

Message Posted:
12/07/2009 09:14

batgirl comment: I have been doing this for the past two years without any problems at all - best advise I could give is to do the same. Nationwide class TRNC as Cyprus and will not charge you for cash withdrawals!

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
12/07/2009 09:45

I agree with batgirl & waddo,





My pension is already paid in to the Nationwide in the UK, when I am in Cyprus I just draw it out at an ATM machine. No problems & no charges.





The butlers wife

Pugsey


Joined: 22/03/2008
Posts: 173

Message Posted:
12/07/2009 12:19

Thanks everybody.



This is my best kept secret. My mother in law thinks I am the font of all knowledge.



If she did open HSBC uk account, would she pay fees to transfer to HSBC Cyprus account each time or is it free?



pugsey

paddywack


Joined: 04/05/2009
Posts: 959

Message Posted:
12/07/2009 12:52

Pugsey,

Forget HSBC,stick with Nationwide it will save you money.

Pugsey


Joined: 22/03/2008
Posts: 173

Message Posted:
12/07/2009 13:15

Money I like to save. Why give it away???



thanks paddywack

harita


Joined: 14/08/2008
Posts: 1343

Message Posted:
12/07/2009 19:34

batgirl & waddo ..

How can you open a Nationwide account if you reside 24/7 in TRNC .. Will they accept Kibtec for a utility bill .. Is it possible to open a HSBC account in the UK from here if you have a HSBC account in TRNC and do internet transfers ..

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
12/07/2009 19:40

If you are a permanent resident here, you are very unlikely to be able to open a new UK bank account.



You could return to the UK. though & give a UK. address but you would have to get round the UK utility bills in your name problem.



I have several UK. bank accounts but they were all opened prior to coming out here & all years ago. I have my pension paid into UK banks & I transfer funds here for free. I don't use ATMs either.

harita


Joined: 14/08/2008
Posts: 1343

Message Posted:
12/07/2009 19:46

scruff ... How do you transfer money for free ..

waddo


Joined: 29/11/2008
Posts: 1966

Message Posted:
12/07/2009 20:50

harita, prior planning prevents p*** poor performance is something I was always told. Therefore, before we left the UK behind us for good, we opened a Nationwide account. Nationwide do not care if you then move abroad on a permanent basis but once you have done it, then you will no longer have a UK address (unless you cheat just a little and give a mates address instead) you can not open an account.



Think ahead and save the worry - my dad's last great thought!!!

harita


Joined: 14/08/2008
Posts: 1343

Message Posted:
12/07/2009 21:05

waddo .. Didn't need Nationwide account .. Had Natwest account for years & still have ..



Is it possible to open a HSBC account in the UK from here if you have a HSBC account in TRNC and do internet transfers .. Is the question I asked ..

I know what can be done .. But my mum always said "Be sure your sins will find you out"

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
12/07/2009 21:14

I beleive you can open a account in the UK from the TRNC but i'm sure there is a £10 charge for transfers unless you have a premier account in the UK. You need £50.000 to open the type of account.



Cooper

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
12/07/2009 22:51

I told the DWP i live and work here but they told me to use an UK address which i keep one account in. my pension goes there. I dont get the increases or fuel allowance as they know I live here but I can draw it out on my card unless m transferring it to my son xxxx

Pugsey


Joined: 22/03/2008
Posts: 173

Message Posted:
12/07/2009 22:59

have suggested they open nationwide account and they can use my address for refernece/letters etc. Does the Nationwid ehave internet access for the account so they can keep an eye on things while over there?

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
13/07/2009 08:00

Yes they do Pugsey.



Cooper

Woodspeckie


Joined: 25/01/2009
Posts: 2263

Message Posted:
13/07/2009 10:42

Msg 19. I understood from previous postings you would get increase in pension and get the fuel allowance even if you lived in NC or Turkey. I am sure people on here have said they know people who live here get fuel allowance.

maybemike


Joined: 12/01/2009
Posts: 188

Message Posted:
13/07/2009 10:44

they do if you keep a uk address son daughters or friends

Pugsey


Joined: 22/03/2008
Posts: 173

Message Posted:
13/07/2009 20:58

Does that mean they just don't tell the powers that be that they are here? So if they kept my address they would still get all the allowances?

catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/07/2009 21:34

oh yes without a doubt

Pugsey


Joined: 22/03/2008
Posts: 173

Message Posted:
13/07/2009 22:07

naughty but nice

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
14/07/2009 01:32

be careful they do check. I think they may be confused about TRNC I rang last year and was told as long a I was in UK for 2 weeks in sept I could claim. I know many people here that do but they have ways of checking. I would not risk it. If you want to go back you may be charged I have heard so mant horror stories. give up your links and live in peace xxxxx