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UK pensioners & euro conversions

  • 08-07-2015 8:28am
    #1
    [Deleted User]
    Posts: 0 ✭


    Can anyone tell me how a UK pensioner would go and convert there pension from sterling to Euro for means test purposes and tax purposes?

    A Uk pensioner in Ireland has to fill in a self declaration for income and sometimes has to fill out means test forms for Irish additional benefits. Every time they request their income be converted to Euro`s however the exchange rate changes every day!

    Does anyone know what the standard accepted exchange rate is?

    Thanks


Comments

  • #2
    mp22
    Moderators, Business & Finance Moderators, Regional South Moderators Posts: 6,854 Mod ✭✭✭✭mp22


    If your UK pension is payed into your bank account you will have to take the banks exchange rate ie you can show how much you get in euro`s.


  • #3
    haveringchick
    Closed Accounts Posts: 1,380 ✭✭✭haveringchick


    irishfreeview wrote: »
    Can anyone tell me how a UK pensioner would go and convert there pension from sterling to Euro for means test purposes and tax purposes?

    A Uk pensioner in Ireland has to fill in a self declaration for income and sometimes has to fill out means test forms for Irish additional benefits. Every time they request their income be converted to Euro`s however the exchange rate changes every day!

    Does anyone know what the standard accepted exchange rate is?

    Thanks
    Just put the amount in GBP. SW will apply their own exchange rate.


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