How to make pension go further
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IN REPLY to Bob Adcock’s letter (“Exchange rate hits OAPs hard”, February), we presume that his county council pension is being remitted on a monthly basis direct from the LGPS.
This is the most expensive method of transferring money from the UK.
We have found it more advantageous to have our pensions paid to a UK bank and then transferred to our French account on a quarterly basis.
This reduces the number of annual payment transfers which makes a saving of nearly 70 per cent on the bank charges.