There are different types of UK pensions with varying rules and restrictions, so it’s important to first determine what type of pension you have. However, in general, it’s possible that your pension provider may be correct in saying that you can’t access your UK pension while living abroad.
If you have a workplace pension, the rules will depend on the scheme’s specific terms and conditions. Some workplace pensions may allow you to access your funds while living abroad, while others may not.
If you have a personal pension, you may be able to access your funds while living abroad, but again, this will depend on the specific terms and conditions of your pension plan.
In addition to the type of pension you have, the rules may also vary depending on the country you are living in. Some countries may have agreements in place with the UK that allow you to access your UK pension, while others may not.
It’s recommended that you speak to your pension provider and/or a financial adviser who is familiar with the rules and regulations of your specific pension plan and the country you are living in. Harrison Brook is here to help and provide you with more information and guidance on your options for accessing your pension while living abroad.