How to move my British pension to China?

chloewright89

Member

Member since 06 April 2016

chloewright89

07 April 2016 14:32:48

chloewright89

07 April 2016 14:32:48

Hey as my previous post stated i am looking to move to China, what have British expats done with their pensions? and how do i move it across to China?

Jeff Ngoi

Active member

Member since 05 April 2014

Shanghai

Jeff Ngoi

08 April 2016 05:31:23

Jeff Ngoi

08 April 2016 05:31:23

Shanghai

Hi Chloe,

If you have plans to retire outside the UK, you can transfer the money out and invest it with an offshore provider under the " Qualified Recognised Overseas Pensions Schemes" (QROPS).

You cannot take out the money for other uses.
All the best to you and feel free to ask if you need further details.

cheers,
Jeff

megane59

Active member

Member since 09 March 2016

megane59

14 June 2016 09:53:50

megane59

14 June 2016 09:53:50

Hello Chloe,

It depends on the amount that you need to transfer but new services like Azimo, WorldRemit, Transferwise... are very interesting. They allow you to transfer your money from UK to China fastly, cheap and easily. You can do it by bank transfer and to pay by several means.

I suggest you to compare them to find the cheapest one, you can use a money transfer comparison tool to save time if necessary.

have a good day

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