Just a quick Google and went with Legal & General calculator not bad annuity rates. (Biggest provider of annuities in the UK) I would take at a guess that you could get better annuity rates than in Japan. One thing I would like to know is can non-resident Brits apply for these. Already non-residents are not permitted to access high interest savings accounts- Although I am sure there is a way....
Slightly off topic, but relating directly to the question above.
I think it'll probably be quite difficult to get an annuity from the UK while tax-resident in Japan.
My wife wanted to vest her private pension in the UK into an annuity while the rates were good. When I called the various best buy annuity providers they all refused to quote as non-UK resident. Luckily her pension was with an annuity provider so they did it without complaint. It wasn't their 'best buy' rate - I guess that's because they don't have the actuarial info on people outside the UK/in Japan - but was still pretty good.
This might be why the other annuity providers refused - there's no UK post code to put into their system - or could be that old KYC = mendokusai issue.
torata
That's very useful information for future reference albeit 15-16 years away for me.
If you don't mind me asking, is your wife Japanese?
Slightly off topic, but relating directly to the question above.
I think it'll probably be quite difficult to get an annuity from the UK while tax-resident in Japan.
My wife wanted to vest her private pension in the UK into an annuity while the rates were good. When I called the various best buy annuity providers they all refused to quote as non-UK resident. Luckily her pension was with an annuity provider so they did it without complaint. It wasn't their 'best buy' rate - I guess that's because they don't have the actuarial info on people outside the UK/in Japan - but was still pretty good.
This might be why the other annuity providers refused - there's no UK post code to put into their system - or could be that old KYC = mendokusai issue.
torata
That's very useful information for future reference albeit 15-16 years away for me.
If you don't mind me asking, is your wife Japanese?
Yes, but that was never mentioned. The response was always, 'we don't provide annuities for non-UK tax residents'.
I didn't though bother to check with any annuity brokers.
This is the same message I was given in writing by a leading UK pensions and investment provider.
The only option given was to cash out my DC pension started with them long ago.
I hold a UK passport and have Japanese PR.