UK state pension - Banking and finances in Villamartin - Villamartin forum - Costa Blanca forum in the Alicante province of Spain
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UK state pension

Posted: Tue Jul 16, 2019 10:07pm
7 replies284 views4 members subscribed
Yvonne53

Posts: 37

Location: Villamartin

2 helpful posts

We are moving over this month and wanted to ask which is better, have my state pension paid into our Spanish bank or carry on having it paid into our UK bank and transfer it to our Spanish?

Thanks in advance.

Villas

Villas

Very helpful member

Tue Jul 16, 2019 10:41pm

Posts: 1773

Location: Sax

968 helpful posts

Posted: Tue Jul 16, 2019 10:41pm

Yvonne53 wrote on Tue Jul 16, 2019 10:07pm:

We are moving over this month and wanted to ask which is better, have my state pension paid into our Spanish bank or carry on having it paid into our UK bank and transfer it to our Spanish?

Thanks in advance.

My opinion. Into the Spanish bank. 

Villas

Yvonne53

Yvonne53

Original Poster

Tue Jul 16, 2019 10:46pm

Posts: 37

Location: Villamartin

2 helpful posts

Posted: Tue Jul 16, 2019 10:46pm

Thank you.

Villas

Villas

Very helpful member

Tue Jul 16, 2019 10:48pm

Posts: 1773

Location: Sax

968 helpful posts

Posted: Tue Jul 16, 2019 10:48pm

thanks. you´re welcome. V

jimtaylor

jimtaylor

Legendary helpful member

Wed Jul 17, 2019 4:18am

Posts: 4341

Location: Mudamiento

5899 helpful posts

Posted: Wed Jul 17, 2019 4:18am

Having it paid into a Spanish bank will give you free banking, which will probably be cheaper than trying to take advantage of exchange rate fluctuations.

Yvonne53

Yvonne53

Original Poster

Wed Jul 17, 2019 8:34am

Posts: 37

Location: Villamartin

2 helpful posts

Posted: Wed Jul 17, 2019 8:34am

Thank you Jim, so many things to think about when moving.

jimtaylor

jimtaylor

Legendary helpful member

Wed Jul 17, 2019 9:31am

Posts: 4341

Location: Mudamiento

5899 helpful posts

Posted: Wed Jul 17, 2019 9:31am

Your welcome. Other topics here:

Jim's guides - your complete guide to Spain

RayD

RayD

Legendary helpful member

Wed Jul 17, 2019 3:54pm

Posts: 3636

Location: Catral

2586 helpful posts

Posted: Wed Jul 17, 2019 3:54pm

Have it paid direct into your Spanish bank.

Not only will this show a regular income into your spanish account when it comes to residency, but will reduce the comission you pay as a non-resident.

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