Don’t lose out on your UK pension or benefit payments

Don’t lose out on your UK pension or benefit payments

1172
0
SHARE

Department of Work and Pensions

From the 31 January 2014, all payments made by the Department for Work and Pensions (DWP) to accounts in a Eurozone country such as Spain will need an International Bank Account Number (IBAN) and Bank Identification Code (BIC). After that date banks in the Eurozone will not accept any DWP direct payments without these details.

If the DWP does not already hold these details for your account then you will soon receive a letter asking for them. You should complete the attached form and return it to them as soon as possible. Failure to do so may mean your payments will be stopped. You can get the IBAN and BIC details from your bank account statement or directly from your bank.

If you have not received a letter from the DWP then that will mean they already have your details so you don‘t need to do anything further. Those who receive their pension or benefit into a UK bank account are not affected by this change.

For more information about the change to European bank account numbers visit The European Commission website at: ec.europa.eu/internal_market/payments/sepa/index_en.htm