twowindsbear wrote:
Again, how does your money actually get to you, here in the USA? It looks like your SIPP sends your withdrawals & transfers & such go to a UK bank, & that bank transfers your money to you. Do I have that right? Contact THAT bank, that actually does the 'sending,' have them transfer the funds to your USA bank. It should be very quick, little to no fees and you'll get the BEST exchange rate. Good luck.
The SIPP pays out to a UK Building Society (BS), as in a type of bank, and the money is routinely transferred by me across to our American bank. I leave a small percentage of the sterling in the BS and balance comes across the pond! Leaving me to find a beneficial exchange rate!
Thank you for your good luck wishes.