Receiving a pension from the UK – how would my RPA work?
Let's assume that each month you are living in Australia and receive a UK pension of £800 per month*
|
|
High street bank |
HiFX |
| Commission charge |
2% = £16 |
FREE |
| Transfer fee |
£25.00 |
FREE |
| Receiving fee |
0.50% = $8.94 |
FREE |
| Exchange rate |
£759 x 2.355 = $1787 |
£800 x 2.355 = $1884 |
| Total you receive |
$1778.51 |
$1884 |
In this example, with HiFX you could receive up to $105.49 per month more for your pension than you would by transferring your funds using a bank. Over a year this equates to $1265.88
*Figures are for illustration purposes only and may not reflect present rates and bank charges.