Your pension is paid directly into your bank or building society account. The account must be in your name or include your name, in the case of a joint account.
You can have your pension paid into an overseas account in the local currency if you are living or plan to live abroad. We can set this up for you via Citibank’s World Link Payment Service at a cost of £2 per transaction.
To set up World Link payments, you will need to complete a mandate that depends on the country in which the payments will be made. You can download a mandate from ‘Documents & Publications’.
To reduce instances of IBM not being informed of the death of a retiree member abroad, members who live abroad will be asked to verify their eligibility to still receive their pension. This exercise is carried out every two years.