how to get my pension?

halffull


Joined: 26/01/2009
Posts: 571

Message Posted:
22/02/2010 22:49

Hi folks, I have a Royal Navy pension I want to get paid to my bank account over here, but the paymaster is struggling with it. I have seen from previous posts that it must be possible but I keep hitting a brick wall. My bank is Credit West and they have been as helpful as they can be but they don't have a solution, perhaps someone out there knows how it's done?

arrry



Joined: 19/08/2008
Posts: 1235

Message Posted:
22/02/2010 22:58

Why don't you have it paid into the Nationwide in England and then draw it out over here ?Most cash points handle visa cards and with Nationwide you don't pay a penny .

halffull


Joined: 26/01/2009
Posts: 571

Message Posted:
22/02/2010 23:07

Thanks arrry, I don't have a Nationwide account and being over here can't set one up. I know it's free with them at the moment! Don't have the ability to set one up either.

halffull


Joined: 26/01/2009
Posts: 571

Message Posted:
22/02/2010 23:39

There must be someone out there with a useful answer?

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
22/02/2010 23:46

halffull

It maybe an idea to open an account with HSBC in Girne. It may make life a bit easier for you.

AJ

halffull


Joined: 26/01/2009
Posts: 571

Message Posted:
22/02/2010 23:59

Thanks AJ, it is an possible option to look at but I don't know if I can transfer straight there?

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
23/02/2010 02:01

With your account at Credit West it has a swift/iBAN number which allows your pension provider UK bank to transfer to other UK & foreign banks

There is a higher cost to transfer abroad and this could be a stumbling point

But if your your pension provider transfers in sterling you would get the best exchange rate in TRNC

Surely not all navy personnel return to the UK because of their pension entitlement

I have transferred on line direct to CW from a UK bank no problem

Give your pension provider swift iban number @CW and tell him to extract a didgit

scoobydoo


Joined: 10/11/2008
Posts: 2434

Message Posted:
23/02/2010 06:49

Sorry halfful,



We maintained bank accounts in UK and have all our monies paid into these then transfer them over here online.

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
23/02/2010 08:20

Before you make the change, have you checked the charges your pension providor will make on your pension for transfering to a none EU country. I have a UK government based pension and they place a charge to transfer pension out here.



I have a Premium Account with HSBC International (you do need a minimum in the account) where I pay pension into and then transfer for free here.



If you have IBAN you should have no problems transfering to any account here but with a small bank like Credit West may take a little longer. When I transfer on line I always have money in account on same day with HSBC.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
23/02/2010 08:27

Paul, do you still have a UK address?



If so you can set up an online account with Nationwide I do believe. Got to be the way to go. They give good exchange rates with zero commission too.

tonyanita



Joined: 13/02/2007
Posts: 25

Message Posted:
23/02/2010 09:24

I get my Teachers Pension paid direct into Turk Limasol Bank in Girne [tho I now use the Alsancak branch for withdeawals] ... and that has worked successfully since 2002. I am only charged a minimum. I arranged it with the pension provider who pay it into the a bank in London for transfer.

NCMan



Joined: 19/09/2009
Posts: 670

Message Posted:
23/02/2010 12:37

Hi Paul

I to have a military pension (Army), & i find it covenient to have it paid into HSBC .Uk, & draw it out here in Sterling then change it @ the money exchange.



It is free to withdraw, so no problem.



Hope this helps you.

stilluvithere



Joined: 03/12/2008
Posts: 765

Message Posted:
23/02/2010 13:12

I have just checked and you can apply for a nationwide account account online. If you transfer all your direct debits etc they even give you £75. open up http://www.nationwide.co.uk and click on the current account

lovingcyprus


Joined: 02/03/2007
Posts: 1272

Message Posted:
23/02/2010 13:40

message 13



but they will still want ID, they will check if you are on the Electoral Roll if not no go

Mindy



Joined: 27/10/2008
Posts: 1210

Message Posted:
23/02/2010 14:17

Nationwide are now charging for withdrawals abroad. Think it has been doing so for a few months

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
23/02/2010 14:24

Mindy you are wrong there is a charge for visa outside Europe Turkey TRNC in Europe

there is a charge if you draw cash on a credit card

But no charge on debit card just checked my statement for Poland last month top exchange rate and no charge unlike the rest of uk banks except Santanar zero and post office

halffull


Joined: 26/01/2009
Posts: 571

Message Posted:
23/02/2010 14:45

Thanks for all your help, have checked Nationwide out and it looks the way to go. They state that there is no charge for withdrawals within e.u. and turkey as long as it is with a debit card but they do charge with credit cards.

Bit of a pain thought I had everything covered before we moved!!!

laptagal


Joined: 28/05/2008
Posts: 549

Message Posted:
23/02/2010 15:16

Hi, we are in the process of opening a Nationwide account on-line (still in the UK, at present) and have been asked to provide a number of original documents either at a branch or by post, to confirm identity and UK residence. I can let you have a list of what is required if this is what you want to do.

halffull


Joined: 26/01/2009
Posts: 571

Message Posted:
23/02/2010 16:01

Laptagal, thanks for the offer, yes please would be useful. Could come unstuck with the UK resident bit!! But worth a try

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
23/02/2010 16:18

Without UK address and utilities bill you're snookered its all this money laundering anti terrorism stuff

Its bad enough if you've just returned to the UK did you close all UK accounts before you left???

laptagal


Joined: 28/05/2008
Posts: 549

Message Posted:
23/02/2010 16:42

Hi Hallfull,

Proof needed to confirm your name by postal application;

UK based bank or building society statement (less than 3 months old)

Lettter from benifits agency (less than 12 months old)

Birth or adoption certificate (up to the age of 18 years only - so guess this doesn't apply)



Address ID (one original document for each person to confirm current address);

Mortgage statement (less than 12 months old)

Gas or electricity bill (less than 3 months old)

Phone bill (not mobile) (less than 3 months old)

Water bill (less than 12 months old)

oncil tax bill (less than 12 months old)



Hope this helps.

laptagal


Joined: 28/05/2008
Posts: 549

Message Posted:
23/02/2010 16:43

Ooops - last one should have been Council tax bill (less than 12 months)