My partner has a few small pensions which are currently paid into a Canadian bank account. (At one stage she lived, worked and had property there )
There are 2 small UK pensions and 2 small Canadian pensions. Total around $900 p/m.
There are 2 small UK pensions and 2 small Canadian pensions. Total around $900 p/m.
We are trying to work out the most cost effective way of receiving the pensions and minimising bank transfers fees, transaction costs, change of currency fees etc. Also one of the UK pensions receives COL adjustments if it is paid to Canada but not if it comes to OZ. At present I’m thinking of just leaving the current arrangements in place and making 6 monthly withdrawals through Forex. The bank charges $11 a month fees.
Any suggestions ?
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