State Pension Claim Form - Department For Work & Pensions Page 3

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International Pension Centre

International Pensions

The Pension Service 11

Mail Handling Site A

Direct Payment

Wolverhampton

WV98 1LW

United Kingdom

Notes to help you fill in Part 9 of IPC BR1 GOV

What is International Pensions Direct Payment?

International Pensions Direct Payment is the Department for Work and Pensions’ way of paying your pension or benefit direct to an account of your choice

outside the United Kingdom.

The advantages

Getting your money paid in this way has many advantages:

•

it is secure

•

it is convenient

•

you will benefit from competitive exchange rates based on bulk buying of currency

•

there are no postal delays

•

there are no cheque clearance delays

•

it is less expensive for us to arrange, which saves taxpayers’ money.

How does it work?

The £ sterling value of your money will be converted to local currency and paid directly to your account. Your pension or benefit will be paid in arrears.

You can choose to be paid at the end of 4 or 13 weeks

If you choose to be paid every 4 weeks

The money will be paid into an account for you in the week following each 4 week period. Your first payment might cover a period of 2 to 5 weeks, but

after this all payments will cover a 4 week period.

If you choose to be paid every 13 weeks

The money will be paid into an account for you in the week following each 13 week period. Your first payment might cover a period of 2 to 14 weeks, but

after this all payments will cover a 13 week period.

But if you are only going to get a small State Pension or benefit you will be paid once a year.

IPC BR1 GOV Banking Notes 12/13