
JB300
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Posts posted by JB300
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Budget???
Edit: I find http://www.ddproperty.com is a good site to use when looking for condos.
Sent from my iPad using Tapatalk
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Not to be pedantic (ok, maybe a little) but which 2 Singapore dollar denominated notes did he take that would add up to SGD50, given they come in s$2, s$5, s$10 & s$50 (I'm ignoring the s$100+ notes here for obvious reasons) he either took 1 note or took an amount different than SGD50.
Re Wallets/Money (and phones & watches), I always put mine in the bottom of the middle compartment of the bag I'm carrying well before going through security, pet peeve of mine is people who will stand for 30 minutes in a queue then only start to prepare to go through when they get right up to it
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Online 90 day reporting (due to go live in April) should take the major hassle out of it & I haven't seen it mentioned in this thread, but believe that TE will do your 90 day reporting for you if you live in Bangkok.
Indeed.What is "12 month entry"?If have a 5 year elite card can we stay in Thailand anytime within 5 years and leave for travel needing a re-entry permit?
As a member, you receive a PE visa (Privileged Entry).
Each time you enter the country you receive a stamp valid for one year.
Every time you go out of the country and in again, you are stamped for one year.
You can go in and out as many times as you want. No need for re entry permit.
If you stay more than three month in the country, you just have to do the 90 day reports, as with any other visa. This may change in the future and there may not be any 90 day report to do anymore.
If you stay one full year in the country, you can extend your stamp without the need to leave the country.
Highly convenient.
If they knock out that 90 day reporting requirement then that might put me over the edge to get the 5 year Elite. I can qualify for retirement but I am willing to pay for ease and convenience and much less paperwork. The cost differences are still leaning me towards my plan to get a nominal Retirement type of visa. Will a Retirement visa get me unlimited ins and outs with no re entry permit needed? That is not quite clear to me but could be the deciding factor.
Have to say the news of a privileged lane in Phuket has re-peaked my interest in the TE (I'm 49 & just retired so trying to balance getting the TE against a triple-entry Tourist visa that will get me to 50), it's taken me around 1 hour to get through immigration there the last 3 or 4 times I've been.
Edit: I also considered the ED Visa but the clampdowns around these at the moment makes it unattractive even for genuine students so have decided to separate out my Visa situation from the studying one.
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One thing I would suggest your friend does is to take a break between giving up work & emigrating anywhere, not only will this give him the time to sort all of his things out, but it will also give him time to get used to not having to spend 8+ hours a day at work & allow him to explore what he'd like to do with his time.
Even better would be to wind down working over 6 months by moving to part time...
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Isn't that because Songkran ends on the 19th so Saturday would have been the last day last year...I came back to Pattaya on the last Sunday last year... hit Pattaya around 1030 and went down Theppasit to Pratumnak no problem bar a bit of crawling on Thappraya - no tunnel works that year so may well be different this year.
There was no "last Sunday" of Songkran last year. Songkran was already over by Sunday the 20th. Most traffic would have been leaving Pattaya but some would be coming back into town for the workweek starting Monday.
I'm all set for my 1st Songkran there (arriving on the 16th) no doubt I'll regret it & swear never to do it again but you never try, you never know
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I'm just dying to get married.If I got married I'd just die.And I'm very happily married... Not married & very happy about it
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Sorry, I'm used to the "s" in front of the $ indicating that its Singapore dollar.... (Around 2.03 SGD to 1GBP but I wouldn't be in any hurry to back the truck up [emoji4])Fwiw, my rough numbers for planning are:
- Rent ฿21,000
- Groceries ฿12,000
- Utilities ฿4,000
- Phone/Internet/TV ฿3,000
- Transport ฿2,000
- Misc (Insurance, Visa etc...) ฿15,000
- Entertainment ฿43,000 (or whatever's left)
Nb. I've set myself a budget of £2,000/s$4,000 per month so the ฿100,000 above is currently more like ฿95,000 so the "Entertainment budget" will need to be adjusted accordingly, not so important for a 3 month stay (though the same budget was around ฿120,000 a few months ago) but certainly something to allow for if you plan on staying longer term & rely on income/savings outside of Thailand.
If only I could buy 2 dollars for 1 Pound. I'd be backing the truck up.
Edit: to clarify.... I quoted GBP & SGD as I'm from the UK & all my passive income is from there but for the past 6 1/2 years was working in Singapore & for the past 3 or so, saving 1/2 my salary in the bank there to fund my early retirement.
My thinking is, when (if!) the GBP is strong, I'll use money from UK, if the SGD is strong(er), I'll use money from SG.
This is In no way to me being smart & planning this beforehand, it's just that's how it worked out & it makes no sense to me to repatriate the money to the UK only to spend it in Thailand.... (Unless the SGD falls back to the 1.8 it was a few years ago).
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Just posted this in a similar thread...
Fwiw, my rough numbers for planning are:
- Rent ฿21,000
- Groceries ฿12,000
- Utilities ฿4,000
- Phone/Internet/TV ฿3,000
- Transport ฿2,000
- Misc (Insurance, Visa etc...) ฿15,000
- Entertainment ฿43,000 (or whatever's left)
Nb. I've set myself a budget of £2,000/s$4,000 per month so the ฿100,000 above is currently more like ฿95,000 so the "Entertainment budget" will need to be adjusted accordingly, not so important for a 3 month stay (though the same budget was around ฿120,000 a few months ago) but certainly something to allow for if you plan on staying longer term & rely on income/savings outside of Thailand.
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Fwiw, my rough numbers for planning are:
- Rent ฿21,000
- Groceries ฿12,000
- Utilities ฿4,000
- Phone/Internet/TV ฿3,000
- Transport ฿2,000
- Misc (Insurance, Visa etc...) ฿15,000
- Entertainment ฿43,000 (or whatever's left)
Nb. I've set myself a budget of £2,000/s$4,000 per month so the ฿100,000 above is currently more like ฿95,000 so the "Entertainment budget" will need to be adjusted accordingly, not so important for a 3 month stay (though the same budget was around ฿120,000 a few months ago) but certainly something to allow for if you plan on staying longer term & rely on income/savings outside of Thailand.
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I'm sure this is redundant, but do make sure your Cambodian visa is multi-Entry or you'll need to get a new one when you return.
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http://www.ddproperty.com/en/, they also have an app for the IPhone/IPad (not sure about Android).
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I wanted to edit above but unable for some reason.....
The reason I ask is because in the quoted post of earlier its stated in bold that a tax free withdrawal can only be made once
That cant possibly be correct surely..........??
If I take 10k out of a 100k pot are we saying I lose all rights to any tax free element in the remaining 90k......??
That cant be correct.....
If that were the case you're better of taking the full £25,000 (plus any unused Personal Allowance) & sticking the £15,000 (+) in a savings account for a year or 2.
In fact, you're better off doing that anyway unless you have a discipline problem (aka known as a gf/wife
) in not touching the money or by having it you would lose any benefits (no offense intended by mentioning either of those points [emoji106])
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@Maz3 and JB300
If you haven't already read this link http://www.thisismoney.co.uk/money/pensions/article-2634215/Why-millions-WONT-155-new-state-pension-theyre-expecting.html then I recommend you read the full article.
Thanks Faz, very interesting article & some good points made in the comments on it...
Cheers
Eric
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I can't remember the exact number but this was around 3 years after leaving the UK & they were asking for a few thousand £s to "Catch Up" (now I think about it, there was also 18 months of me being self-employed as well) & my projected State Pension was around £2,100 pa (around £40 per week) so the difference before & after paying wasn't worth it to me.class 3 NI are about £13.55 a week lets say £15.00, that's £780 a year, say a state pension will be £150,00 a week divided by 35 years = £4.28 per week for every year you buy. thats £222.56 a year. so 3.5 years to break even. If somehow you can pay class 2, its less than a year to break even.
Obviously my projected payment are so low because I was contracted out of SERPS for the majority of my career (around 21 years) & it's possible that the £40 per week would have risen if I had started to pay but as I said, I'm assuming £0 from them & have planned accordingly.
Does raise an interesting point though, is the new minimum pension payable to somebody who was contracted out of SERPS or is this yet one more factor to consider in the new "Simplified" state pension scheme?
Edit: I think Faz has answered my question above (& Steve below, thanks guys) & I'm expecting to get around 4/30ths of the BSP or as I planned next to sweet FA.
Can't grumble though, I'm happy with the 21/60ths (index linked) of my final salary at 60, reducing by whatever I do get from BSP at 65
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2,000 THB should be enough for 5 days a week living on less than 500 THB & a couple of "Blow Out" days on approx 6,000 (which I know isn't a lot when you're on holiday but should be a good night out once the novelty has worn off).
Assuming you'll get a Tourist Visa before entering or you'll need to factor visa runs into the equation.
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@ Ricardo
Class 2 contributions are for self employed only.
Class 3 contributions are voluntary contributions to fill gaps in your record in order to qualify for state pension.
Your entitled to pay Class 3 even when living abroad, provided you made at least 3 years contributions in the UK (which you have).
https://www.gov.uk/voluntary-national-insurance-contributions/who-can-pay-voluntary-contributions
I should contact HMRC again. Currently £13.90 a week for class 3 though.
Firstly, thanks for the helpful info, hope it helps pre-warn someone else reading this thread.
My only problem with doing that is that it's five-times the cost !
I should have lied to them, and paid it after I left (and became non-resident for UK-tax), but at that time I was assured by Newcastle that I already had one year's contributions more, than I would ever need !
It's hard to stay within their rules, when they keep on moving the goalposts, after one has made decisions & is committed.
FWIW I view early-retirement at being voluntarily-unemployed, without recourse to public-funds, and am quite happy to be so. I have no gripe about not being able to claim off the Social, it was my own free choice, and correct at-the-time. My 'employment' since then is managing our investment-funds, keeping-track of world economic-trends, and adjusting our strategy as-required.
I'd still be willing to pay the extra class-2 contributions, but not at five-times the price !
I didn't get where I am today (shades of Reggie Perrin, or rather, his boss ?) by being a mug !
Even at 5 times the cost for Class 3 years (over Class 2) - there is no better investment you can make. Within 2 1/2 years of starting your pension you will have recouped that outlay. It's all gravy after that.
Just be careful not to die in the first couple of years - not that you would be concerned then anyway.
I've successfully topped my years up from 14 to the required 30. All at Class 3 rates - over a period of about 6 years.
Sure it seemed like a lot of money at the time, but I figured the maths out.
When I start receiving my pension I'll also have over 3 years of delay, (an extra 10.2% / year) which also adds in those 3 years of inflation adjustment.
Should give me a little over 150 pounds a week.
Much better than the approx 50 pounds I could have expected without paying back years and starting it at 65.
Can you please share your calculations on how you get full payback after 2 1/2 years?
It's been a longtime (over 5 years) since I looked into this but at that time I calculated it would take around 35 years to break even for the contributions they were quoting me,
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I don't think that anybody more than 12-18months away from receiving a state pension knows with any certainty what they're going to get anymore so I (at 49) after paying NI for 25 years am going to assume that I'm going to get sweet FA... Anything more than that is a bonus.I wonder where this rule change will leave me?,paid over 35 years NIC,but 29 were opted out. Only 1% less,but may make a big difference?.
Not even our Pension Trustees could explain how much less we will get!.
I've got over 10 years(at the present rate)before I draw the BSP,I'll wait and see if paying extra to top-up any deficit is worth it.
I did the maths on AVCs when I first became a Non-UK resident for tax purposes (43) & at that time calculated I'd have to live another 35 years to break even, so given my final salary pension reduces its payout by whatever state pension I receive at 65, decided it simply wasn't worth it.
I do admit to being a little peeved at having paid the maximum NI you could pay from 1989 until they removed the ceiling (then I paid a lot more) I'll receive a much lower state pension than people who have contributed much less, but that's life...
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So sorry I mean ordinary lies,set in a car showroom,it's the Alzheimer's lolJust downloaded ,secrets and lies from kickass , its set in a British car showroom ,i watched half of the first episode and to be honest did not like it ,but many of you may ,it just was not my cup of tea. ,on thursday a new series of inside no9 starts ,very dark ,the first series was very good.
Secrets & Lies set in a British car showroom? i claudius, surely, you jest...
I was sceptical at first of the show as it had already been done before. But I've got a bet running now with my mother as to who did it, so it's worth watching. My money's on the wife... Juliette Lewis bugs the shit out of me every time she opens her mouth, it's almost like she's trying to be robocop sans robotic exterior...
Can't wait to watch it as its set about 5 minutes walk away from where I grew up [emoji106][emoji106][emoji106]
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Wasn't a lot of homelessness caused by the so called "Care in the Community" for people with mental issues
Quite correct , I was born into the working class , who indeed have mental issues . and need counselling .
Why work? , when you are better off , not working, and reaping the free benefits from social security , paid for by the tax payer.
The stupid Working class , have mental illness , sure .
You must be a lot younger than me (49) as I was born into a working class family/community where people did just that... Worked. Nobody in my family claimed benefits until my father retired for health reasons.
Have never claimed a single penny of benefits & in all likelihood won't do until I get my state pension, which 1) is an entitlement given the amount of NI I paid over the 26 years I worked in the UK & 2) of no financial benefit to me as it means my final salary scheme pension is reduced by that amount.
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Wow, lots of angst here about what is essentially the cost of a cheap second hand car...
Hint... If you're looking to buy a property for 1Million THB (£20,000... $32,000 US)... , don't look for it in an area that has visitors who are happy to spend 10-20,000 THB a day
Edit: My p**s poor maths...
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I thought it might benefit me as I have a small/18 months (albeit on a high salary) pension that I'd love to cash in if only to have one less thing that I have to manage/keep track of.
I managed to cash in my EDS pension for cash a couple of years back when they were taken over by HP & wound up their pension scheme, but I only worked there for 5 months so it was below the threshold at that time
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Please do not bring Dobermans into this, as they are good with kids and make great guard dogs!!!!"Thai women behaviour" rings similar to "Doberman behaviour". If you're thinking of getting a dog then it is fair to say "I'm looking for dog suitable for young kids" or " I want a guard dog". In those cases it is fair to start with a particular breed as their "behaviour" is similar although varies from dog to dog.
Completely misread the quoted post so comments about Pavlov deleted...
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So this scheme is not available if you are already being paid a pension from the company?
I thought I'd read it was available to existing pensioners?
(Sorry, In the pub waiting for the Man U game so struggling to research
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From what I've read in this thread, I'd put it down to excitement on the girls part & wanting to move along everything they've discussed...
Good luck to the guy [emoji106][emoji106][emoji106]
Leaving Thailand for good
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