US pension to UK bank

I saw one post on this around 2010 and the comment was you couldn't do it. I am currently having my pension go into a credit union in the town we lived near in the US and then I use xe.com to move the money over to Lloyds here in the UK. I don't really mind doing it this way, but I am planning on staying here in the UK for good so continuing this process forever isn't something I wish to do. And.....at some point I may still get hit in the head with a golf ball and go kaput. I don't want my wife to have to continue dealing with this either. I know that the SS will allow this (in another 4 years for me).....but I was hoping there was a way to do this before I enquire through my OPM (Office Personal Management) to see if it can be done.

I would think that it is totally dependent on the pension provider, but I agree that it would be nice to find someone that is already doing this before asking, then you can tell your provider for sure that you know that SS and other pension providers transfer money to a foreign bank account.

My husband has both his TIAA-CREF pension and his Social Security pension paid into our UK bank.  It was very easy to set up this way.

OK....finally got around to getting an answer for my Pension going to my bank account here in the UK. No problem, they can send to a number of European banks and the UK is one of them. Went down today to ask them how things work for them (Lloyds)......kind of confusing answer. Not sure what the difference will be from the stated exchange rate.....when I transfer money form our US credit union each month (about $1800) it is usually about 3 cents added on for the exchange (through xe.com). When I was moving bigger amounts when we were moving it was only about 1 cent.  When I mentioned to the lady at Lloyds about getting a 3 cent add on per exchange, she just said "Yeah.....that's about right".....I'm not filled with confidence, I don't think she had a clue. Also there would be a £7 cost on top every time the pension went to the bank. Anybody else have a better way of moving pensions? I've seen some posts here about moving SS money that they thought was pretty cheap. I guess I could always just try it for 6 months or so and see how it goes......

Also there would be a £7 cost on top every time the pension went to the bank. Anybody else have a better way of moving pensions? I've seen some posts here about moving SS money that they thought was pretty cheap. I guess I could always just try it for 6 months or so and see how it goes......

We have a pension deposit made directly from the pension provider in the US into a TSB account each month and there is no extra monthly fee for that from the bank.  We did meet with our bank manager before setting this up, and she was much more knowledgeable about the details than the tellers probably would have been ...

I plan to just stick with the XE.com method, and show the wife how to do it.  (she is pretty tech savvy so no worries if I'm incapacitated or worse).

A few years ago she asked me to write a "what to do when I'm gone" set of instructions and keep them with our wills.  Moving money from the US to UK is one of the simpler tasks she'll have to take on......