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briley

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Posts posted by briley

  1. Sinbin - slight error

    Yes you get no increase in pension if outside the UK for over 6 months, but when you retire you do get the full rate at that date. So if you retire this year you will get around GBP100 pw (current rate) frozen at that rate even if you have been non-resident for hundreds of years.

    Don't hold your breath waiting for the court hearing. I personally very much doubt it will come down in pensioners favour. But once the case is over the UK gov might have a change of heart. I'm hoping.

    But for thecatman I'd start 'living' in the UK for some time before retirement. Then you retire as a UK resident and can quietly stay that way. These days I see little advantage in being non-resident if not working.

  2. Was made more complicated in the late 1990's but as far as I know

    If you are resident in the UK for tax purposes you pay UK capital gains.

    If non-resident for less than 5 years you might pay capital gains tax unless your non-resident period goes over 5 years

    If non-resident for more than 5 years you do not pay capital gains tax

    You can reduce your capital gains tax due by any tax on the gain made that you paid to the Thai authorities.

    Now I duck as I am sure bits of this are not quite correct - but hopefully the gist of it is OK!

  3. Ditto - 15 baht charge in bank of Ayuddah 2 days ago. Confirmed by Nationwide (15,015 baht withdrawn)

    But no charge in Airport plaza, Chiang Mai, 5 days ago. That machine was inside their branch, the other charging machine was in Tesco.

    Also told to contact bank on a number of occasions, but then the card works again next day. I assume they are having problems and just put up that message.

    I have withdrawn 15,000 and 16,000 baht this week so no special restrictions

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