Thailand-UK ประเทศไทย-สหราชอาณาจักร

Forums ฟอรั่มส์

Thanks Thanks:  14
Likes Likes:  22
Dislikes Dislikes:  1
Page 2 of 2 FirstFirst 12
Results 21 to 32 of 32
  1. #21
    Forum Dinosaur ไดโนเสาร์ Flip's Avatar
    Join Date
    14 Apr 2003
    Location
    Pateley Bridge, North Yorkshire/ Khao Yai, Korat
    Posts
    6,636

    Default

    I wasn't aware of the arrangement Tom refers to above but I presume that's for people that have actually retired? I've a long time to go until then so only asked Scottish Widows what the position was in my case.

  2. #22
    Premium Member Tom & Nok's Avatar
    Join Date
    27 Jul 2014
    Location
    London
    Posts
    632

    Default

    That HMRC account arrangement applies in the case of anyone who pays income tax, retired or not.
    "I can calculate the movement of the stars, but not the madness of men" Sir Isaac Newton

  3. #23
    Forum Regular สมาชิกประจำ
    Join Date
    29 Oct 2011
    Posts
    984

    Default

    25 percent tax free then im sure you can take lump sums out following years every pension is different and good advice is best suggested by a pension expert only problem is they all want you to invest in something or other ,and are not looking after you rather themselves ,

  4. #24
    Forum Dinosaur ไดโนเสาร์ Flip's Avatar
    Join Date
    14 Apr 2003
    Location
    Pateley Bridge, North Yorkshire/ Khao Yai, Korat
    Posts
    6,636

    Default

    Quote Originally Posted by Samsung View Post
    25 percent tax free then im sure you can take lump sums out following years every pension is different and good advice is best suggested by a pension expert only problem is they all want you to invest in something or other ,and are not looking after you rather themselves ,
    Yes Samsung, you can take further lump sums out and you can also take the whole lot in one go. Nobody is saying you can't - we have been talking about the tax situation. The only time you can take the whole lot without paying tax is if you can provide evidence that you are not expected to live more than 12 months.

  5. #25
    Forum Regular สมาชิกประจำ
    Join Date
    29 Oct 2011
    Posts
    984

    Default

    are as i near the age been looking so difficult the company's dont make it easy for you guess they dont want to lose money who would and the guys that advise you just want to make money .
    The cake is there and everyone wants a slice

  6. #26
    Forum Dinosaur ไดโนเสาร์ Flip's Avatar
    Join Date
    14 Apr 2003
    Location
    Pateley Bridge, North Yorkshire/ Khao Yai, Korat
    Posts
    6,636

    Default

    You can get free pensions advice at www.pensionwise.gov.uk

    I have no idea if the service is useful or not, I haven't used it but it should be impartial.

  7. #27
    Forum Regular สมาชิกประจำ Sammy Shrimper's Avatar
    Join Date
    21 May 2018
    Location
    Basildon/Pattaya
    Posts
    284

    Default

    I hate it when you're not on a level playing field. At 66 I will receive my state pension. I will be subject to the tax laws of the UK. However, because I have moved to Thailand lock stock and barrel, I won't be subject to any future increases in the pension rate. I feel it's a tad unfair.
    Get busy living or get busy dying

  8. #28
    Forum Regular สมาชิกประจำ Big AL's Avatar
    Join Date
    16 Aug 2007
    Location
    Luton
    Posts
    687

    Default

    Quote Originally Posted by Sammy Shrimper View Post
    because I have moved to Thailand lock stock and barrel, I won't be subject to any future increases in the pension rate. I feel it's a tad unfair.
    People resident in some countries receive increases, those resident in others (including Thailand and Australia) don't. The Government recognise that it is very unfair. It just says that it cannot afford to change this anomaly.

  9. #29
    Forum Dinosaur ไดโนเสาร์ Flip's Avatar
    Join Date
    14 Apr 2003
    Location
    Pateley Bridge, North Yorkshire/ Khao Yai, Korat
    Posts
    6,636

    Default

    Quote Originally Posted by Big AL View Post
    People resident in some countries receive increases, those resident in others (including Thailand and Australia) don't. The Government recognise that it is very unfair. It just says that it cannot afford to change this anomaly.
    The government talk crap then. I'd love to see what they'd do if all the expats came home, got their up to date pensions and started visiting NHS hospitals and dentists etc. The impostion of this unfair policy was done purely to save money - just another form of stealth tax.

  10. #30
    Forum Regular สมาชิกประจำ
    Join Date
    29 Oct 2011
    Posts
    984

    Default

    Quote Originally Posted by Sammy Shrimper View Post
    I hate it when you're not on a level playing field. At 66 I will receive my state pension. I will be subject to the tax laws of the UK. However, because I have moved to Thailand lock stock and barrel, I won't be subject to any future increases in the pension rate. I feel it's a tad unfair.
    thats why i said its very complex a uk address and bank account might help this situation out ,but basically your cheating then again,, with all the cuts in widow pensions why should joe public care complex again with the strain on our public services with migrants eu influx and stowaways ,
    Last edited by Samsung; 17th Oct 2018 at 23:13.

  11. #31
    Forum Regular สมาชิกประจำ Essex boys's Avatar
    Join Date
    1 Feb 2016
    Location
    Romford/ nam phong
    Posts
    203

    Default

    Hi gents, thank you all for your replys and input, it is very helpful as always, my position is that I will retire in October next year at 59, I was going to hang on untill I was 60 but the jobs getting to me and I can't be arsed to stay any longer.....I have a very good company pension that's looking healthy, it isn't a final salary one, but I have been fortunate enough all my working life to have worked for big company's with good pension schemes. I also have a good amount of savings and my house which has been mortgage free for the last 14 years, so I'm in a good position, my intention is to retire next year, live in Thailand for a year with a small amount of money, if I can hack it and I like Thailand then I will live there and start the house building process, so I'm going to take my 25% tax free lump sum after say two years, I will then do a drawdown pension but I will keep the pension invested so it gives me a return each year, at the moment my fund is in a high risk plan, but it's earning up to 16% per annum, after my first year in Thailand I'm going to switch this into a lower risk plan or fund that will pay about 5% per annum but will be less risky on the stock market. I have taken good advice from a financial advisor, but I also looked into a lot of stuff myself. I won't receive my state pension untill I'm 66, so I'm keeping an eye on my finances untill the state pension kicks in. I have the house as another means of income either by renting it out or selling it, and my money grabbing, lazy dole scrounging, family who I never see or hear from will get nothing!!
    many thanks
    essexboys

  12. #32
    Forum Regular สมาชิกประจำ
    Join Date
    29 Oct 2011
    Posts
    984

    Default

    Quote Originally Posted by Essex boys View Post
    Hi gents, thank you all for your replys and input, it is very helpful as always, my position is that I will retire in October next year at 59, I was going to hang on untill I was 60 but the jobs getting to me and I can't be arsed to stay any longer.....I have a very good company pension that's looking healthy, it isn't a final salary one, but I have been fortunate enough all my working life to have worked for big company's with good pension schemes. I also have a good amount of savings and my house which has been mortgage free for the last 14 years, so I'm in a good position, my intention is to retire next year, live in Thailand for a year with a small amount of money, if I can hack it and I like Thailand then I will live there and start the house building process, so I'm going to take my 25% tax free lump sum after say two years, I will then do a drawdown pension but I will keep the pension invested so it gives me a return each year, at the moment my fund is in a high risk plan, but it's earning up to 16% per annum, after my first year in Thailand I'm going to switch this into a lower risk plan or fund that will pay about 5% per annum but will be less risky on the stock market. I have taken good advice from a financial advisor, but I also looked into a lot of stuff myself. I won't receive my state pension untill I'm 66, so I'm keeping an eye on my finances untill the state pension kicks in. I have the house as another means of income either by renting it out or selling it, and my money grabbing, lazy dole scrounging, family who I never see or hear from will get nothing!!
    many thanks
    essexboys
    all sounds great should get a nice monthly rent return and if your in thailand pension and income from house rent all should be good .just a quick one would it be better to get the misses to borrow from the thail bank rather than dip into your savings and capital that way if anything goes wrong .You dont lose as i would say the uk market is more kinder ,offset your rental income to building another just a thought what would be best ,Remember what your put into Thailand will no doubt stay there ,also depends were you choose to live in Thailand 12 months at the misses home town i couldn't do never ,,maybe 3 months then off for a bit of civilization .

Similar Threads

  1. UK Sate Pension and Pension Credit Queries
    By SingerSongwriter in forum UK Benefits and Pensions
    Replies: 6
    Last Post: 30th Jan 2015, 14:51
  2. Idiot Abroad 3
    By Flip in forum Entertainment Lounge
    Replies: 8
    Last Post: 2nd Dec 2012, 19:13
  3. An Idiot Abroad 2
    By millermac in forum TV, Computers and Internet
    Replies: 16
    Last Post: 9th Oct 2011, 14:10
  4. Brits Abroad
    By prikphet in forum News and Views
    Replies: 3
    Last Post: 7th Aug 2011, 09:51
  5. Internet to be taxed in Thailand
    By prioritypress in forum TV, Computers and Internet
    Replies: 6
    Last Post: 11th May 2007, 06:44

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •