Pension payments to overseas accounts

Nov 26, 2020

The United Kingdom is due to leave the European Union (EU) on 31 December 2020. Once this happens, some UK banks will be closing accounts belonging to British people who now live in the EU.

To make sure that you can continue to receive your pension, you should check with your bank to find out if this affects you, if they haven’t been in touch with you already.

If your bank account is closing you will need to fill in what’s known as a ‘mandate form' with details of your chosen alternative bank. You can find the form you need here.

Please email the completed form (or a photograph of it) back to us as soon as possible, using the email address csu@railpen.com.

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Each of Railpen Limited (registered in England and Wales No. 2315380) and Railway Pension Investments Limited (RPIL) (Registered in England and Wales No. 1491097) is a wholly owned subsidiary of Railways Pension Trustee Company Limited (Registered in England and Wales No. 2934539). Registered office for each company: 100 Liverpool Street, London EC2M 2AT. RPIL is authorised and regulated by the Financial Conduct Authority for some of its activities. The administration of occupational pension schemes is not a regulated activity. Full details about the extent of RPIL's authorisation and regulation by the Financial Conduct Authority are available from us on request.