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denby45
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Posts posted by denby45
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1 hour ago, Pinot said:
If I get occasional persistent congestion, I've found that an inhaler knocks it out in a couple of days. I haven't found anything else that even close to as effective.
It's the Seretide Accuhaler inhaler. I need to use it a couple times a year for a few days. It works and it's fairly inexpensive. Sometimes after a chest cold, I can't get rid of the cough, this works.
See the online instructions for how to use it. If you still have a cough after a week, something else is going on.
What are the active ingredients. I use ventolin (very rarely, a couple times a year) but last time when I had an attack it did not seem to work as well as usual.
Den
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45 minutes ago, Oxx said:
Not that hard to find. (It's on the front page of the Bangkok Bank website.). The expected rate is 3.5%.
The issue is rated AA+ by Fitch Ratings (Thailand). Note this is a local rating.
Thanks Oxx, I am with Kassikorn and I can't find anything on their website.
Den
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ICBC Bank will issue a Subordinated Debenture (10years) this month but as usual with banks there is nowhere can I find the coupon rate online. They give a number for more information but the person I spoke to had no idea what I was talking about. 55555
In short does anyone know what the coupon rate will be.?
I Know that ICBC bank is rated AAA so they are supposed to be pretty safe.
Den
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17 hours ago, nong38 said:
I think you have hit the nail on the head, the DWP are more likely to target BENEFIT fraud, people who claim disability and who knows what else and then are found to be playing golf in Spain etc., they are milking the system for lots more cash. Eventually the all the big brother systems will be joined up and then it comes down to priorities. Terrorism, money laundering, fraud in that order remembering that you can only have so many resources to complete all the tasks.
Looking at the public responses to who and what should be targeted I would have thought that claiming a state pension whilst living abroad and under a mysterious who gets what system then targeting pensioners for a few pounds would be not a productive endeavor and would produce adverse publicity high lighting the unfair position of over 500,000 pensioners abroad who have been ripped off by the Government who do not make the true position available to Joe Public even though Joe Public has paid into the system all his life and now finds himself disadvantaged because of his honesty.
Today in the cricket. England v New Zealand Jason Roy was not sure if he had caught a catch and indicated that he was not sure and the 3rd umpire should have a look, the on field umpires seeing this implied they thought he had not caught it so the 3rd umpire now has to see evidence that he can overturn the on field decision which he could not. Because of Roy's honesty it cost England, if he had said nothing the umpires may have said they thought it was caught in which case the 3rd umpire would then have to see evidence it was not caught! Sometimes honesty is not the best option although it is what we have been brought up with, in life we have to juggle these scenarios, each has to weigh up their situation and make that decision, its a private decision and I would never ask the question as they say here its up to you.
I agree with your statement, the one I highlighted and I have an example. One guy I know has been coming to Thailand for a couple of years and staying long term. He gets an extra invalidity allowance and is also repeatedly signed on the sick by his doctor for six months at a time. Hence the reasons he can come to Thailand. Although the guy is a bit heavy it certainly would not hinder his attempts to find work in the UK. I hadn't seen him for a while and I asked another friend where he was hiding. He told me that they don't believe any more he is unfit for work and removed his invalidity allowance and stopped the doctor signing him on the sick.
Apparently the government are clamping down in that area.
I also know another guy here who has a couple of businesses on the go. However he still has the cheek to claim Pension credit in the UK as if he has no money. He even brags about it which does not seem to me to be a good idea.
Den
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17 hours ago, nontabury said:
If she were to do that, her pension would return to the original amount.
You must stay in the U.K ( except for short holidays ) for over Two years, then when you return to your previous country it would be frozen again from That date.
Now that is an excellent post. I was not aware of that. Do you have a link on gov. I would like to read what it says there.
Thanks in advance
Den
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5 hours ago, Dene16 said:
Deary deary me, another old grump that needs his argument for the day
Having re read my statement i fail to see your argument.
No where does he mention a draw down pension, only requiring a certain sum of money (unknown)
When the government changed the law i met many people who then thought they could change their pension, even though they had already started drawing on it
My statement dictates that he has options other than a draw down pension(I know i did not say that directly but presumed that was obvious) as he would have 25% tax free
Very sorry if that was not in your ability to comprehend as you seem fairly articulate
I could of gone into it with a fine tooth-comb as i was made redundant from a very large company,thus had to sit through a multitude of seminars including the HMRC to determine all our options
Do you always revert to slagging people off when you made a mistake and they bring your attention to it? I am still waiting for you to give the example of my biased information. Where is it?
It appears you still cannot see that your statement "you should be able to take 25% as a tax free sum on each pension if you have not already drawn on them. " is completely wrong or you just don't want to admit to the fact.
Perhaps you are one of those people who are never wrong or ever make a mistake. In that case I apologize.
In my case I have already claimed once my 25% tax free on the initial pension sum I withdrew last year. Now next tax year when I cash in a further part of my pension I will remember your words and for sure I will not claim the 25% tax free sum.
Thank you for that invaluable information.
This conversation is now dead and you may move on to whoever else you may want to slag off should they be unlucky enough to correct you.
Den
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7 minutes ago, Dene16 said:
It does hot change the fact that he can claim a 25% tax free lump sum on the whole sum regardless of draw down or not
I do know the facts as i am in the process of doing it now
If you cannot give unbiased advice don't give it
Oh dear instead of apologizing to the OP for giving misleading advice you then give another statement (which is correct this time) and act as if it qualifies your earlier completely incorrect statement. Then you have a go at me for giving biased advice.
Biased towards what I may ask.
Den
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"you should be able to take 25% as a tax free sum on each pension if you have not already drawn on them. "
You claim 25% tax relief every time you do a draw down. It has absolutely nothing to do with "if you have not drawn down on them" Please don't give advice if you don't know the facts.
and I will repeat what I said before you cannot claim tax back relating to your non residency
For the OP how did you manage to continue your pension after declaring non residency? Normally your plan provider will put it to "paid up" status.
Den
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1 hour ago, Antonymous said:
Your drawdown will be taxed, but after deduction of your personal allowance.
Yes, you can claim back the tax paid if you are registered as a non-resident of the UK for tax purposes. That means you will have a tax code that relates to this.
Once you receive the drawdown, obtain a P45 from the pension provider. Send this together with Form R43 to PAYE HMRC. You should receive the tax back within six weeks if all goes well.
Sorry but I believe you are not correct about being able to claim the back tax. You can withdraw about 15,000 per year to avoid the tax altogether providing you have no other UK income. The 15,000 is made up of your 25% tax free and personal allowance. You will of course still pay the tax upfront.
Also for the OP before you start to withdraw your pension you should first find out what your guaranteed annuity rate is. For example I started a PP in Feb 1987. The guaranteed annuity rates are 95.80, 109.20 and 127.90 per 1,000 at 60, 65 and 70 years of age respectively. I consider I would be a fool to cash that in based on today's rates.
Den
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17 hours ago, Rajab Al Zarahni said:
Herewith, the latest policy document from the DWP , entitled: "Benefit Overpayment Recovery Guide".
It is dated February 2018 so there is no issue about it being out of date. At Appendix 1 it is clear that in their understanding the term benefit is intended to include the state pension. It clears up many of the issues we have been debating except for the vexed question of whether the DWP would be vigorous or otherwise in the enforcement of its policy. Please note in the introduction that the document is intended to be a guidance document of the DWP for its staff:
Not old enough to claim my State Pension. However I will be by the time I have read that lot.
Den
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If you don't like it then you could always stop showering. I am sure he will eventually stop. Not sure how long it will take however so you could be boggin for days.
Hope this helps.
Den
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On 2/23/2018 at 5:18 PM, britishrepublican said:
Those percentages you're using are way off. There is no cheaper way to move money than using crypto.
I can assure you I am not way off at all. Have you actually done it? And if so I will repeat my request for enlightenment. I have done the changing exercise and I know what it costs. There are 2 exchanges involved. The first the exchange e.g. your GBP to bitcoin and the second to change it again to THB. Including exchange fees it is close to 4% each. If your wallets are with the exchanges then there is also a fee to move from one wallet to another which fair enough is not expensive at all. Perhaps this is the “cheapest way to move money” you are talking about. However to get from GBP to THB using this method is not recommended. Now you may ask why I used this method if it is so expensive. I actually didn’t use it to move money from UK to Thailand but I did buy and sell bitcoin in both countries so I know the costs. And I did transfer at one time bitcoin across wallets to test the mechanism.
Please be assured there is no single body I hate more than the grabbing banks but unfortunately they are still far cheaper than the example above.
Perhaps you are looking at trading platforms which have small spreads which is another thing altogether. You never take possession.
Hope this helps
Den
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17 hours ago, CanuckThai said:
I agree with keeping funds in Canada, and keeping a minimum Baht float. The best solution I've found for myself, has been opening a Thai and Canadian "E currency" trading account. You can fund your "E currency" account when you want, online from your Canadian bank, then send yourself an amount of "Ecoin", sell it, deposit funds into your Thai bank account. At this point, you actually make money transferring CDN bought Ecoin, to Thai.Bx. Example: buy $1000 worth of bitcoin, send it to your "ewallet" here, sell it, deposit approx 26500 Baht into your thai bank account. The whole process is very quick (usually less than an hour to have funds in your thai account, from time of purchase of ecoin in Canada).
I am interested in your strategy but would love to know how you manage to avoid the obscene fees for changing Fiat to crypto. You are looking at approx 8% loss for a full turnaround. Around 4% at each end.
Den
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9 hours ago, ubonjoe said:
The confusion comes from people calling a one year extension of stay issued by immigration a marriage or retirement visa.
A multiple entry non-o visa based upon marriage issued by an embassy or consulate only allows 90 entries.
You can get a one year extension of stay based upon marriage or retirement and only do 90 day reports to immigration.
Sorry but I didn't think the guy could get a straight away 1yr retirement extension direct from a tourist visa. I know I had to first get a Non O (90) day before applying for 1yr extension. Also it is mentioned here by someone that the Non O is only obtainable outside Thailand. How can that be because I went through the three stages, tourist to Non O to yearly extension without leaving Thailand. Have the rules changed?
Den
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3 hours ago, kensisaket said:
You are not going to win a discussion/argument with someone who's online handle is "Just Weird".
Especially that guy. I had a run in with him before and I noticed he's still at it. He knit picks everything people say. Just watch although he is mistaken in this case I bet he still has the last word. Hahahaha
Den
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18 minutes ago, jacko45k said:
Well get some Chinese signage although I doubt it will deter!
That's a joke. My complex is swarming with Chinese. There are signs everywhere DO NOT SHOUT IN THE CORRIDORS, DO NOT WASH YOUR DIRTY FEET IN THE SWIMMING POOL, DO NOT SPIT OR URINATE IN THE SWIMMING POOL The signs are completely ignored. Dirty B*******ds
Den
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An unfortunate incident. R.I.P. little one.
Actually reminds me of my old school days many centuries ago. I am and always have been an asthma sufferer. So as a child I could not do much running before being very out of breath and grabbing for my inhaler. My PE teacher at the time tore up my excuse note from my mother and forced me to participate in the cross country run. I really struggled the first few times and never managed to finish. Slowly buy surely I got better and better at it and to cut a long story short I ended up on the cross country team. I never had to use my inhaler after that. I continued jogging/running all my life and surprisingly kept the dreaded asthma at bay. Until the dreaded arthritis hit me a couple of years ago and I had to stop running. The asthma is again rearing it's ugly head and the cycling and swimming does not seem to keep it at bay.
Den
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19 hours ago, orientalist said:
TISCO My Savings now offers 1.85% for deposits of 50-200K with monthly interest if you get their debit card.
https://www.tisco.co.th/en/personalbanking/mysavings.html
I got an sms from LH saying they had 1.68% for 3 months to celebrate Chinese New Year, although I don't see it on their website yet.
Need yellow book.
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My budgie was "Born to Succeed"
Den
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9 hours ago, MaeJoMTB said:
Hargreaves Lansdown, the only straight players in town, and can all be done completely online.
PS. You have to state you are living in the UK to open an account (but they don't check).
I am well aware of Hargreaves Lansdown. I was asking the names of the brokers he says can arrange Discounted Placings.
Thanks anyway
Den
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4 minutes ago, alwaysrainsinUK said:
What i do is have a few brokers in UK that offer me discounted placings usually 15-30% below mkt price in companies low Mcap ones on the AIM mkt , usually punt £50k-£200k a time and getting good returns fast sometimes in weeks or some a few months. But i think after such a long bull run that a big correction isnt far away so im pulling all the money out and going to sit on my hands until it does correct and then dip back in again . I wouldnt invest for the long run to risky and the guys 7mln could halve easily when this mkt does crash.
Can you PM me some names of brokers please.
Much appreciated
Den
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On the positive side, you don't have much to lose when things go belly up.
On the negative side it's everything you got.
Again a positive, you are probably still young enough to go home and get a job if things do go wrong. You will know how things are panning out in a couple of years living here. Make a spreadsheet with all the info and predictions to get a clear picture as you go along.
Go for it
Den
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30 minutes ago, RichardColeman said:
Simple answer, don't retire here permanently, have an escape plan and don't put your eggs in one basket !
Way I see it, come here in retirement, live an enjoyable time while your able, go home when very old. Health care for the old sucks - unless you want to OD in your wheelchair, jump off a tall building or bloat out when having a heart attack and not found for days.
You forgot to add: Pretend you are rich when you get back so the grand kids will look after you.
Den
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On 1/15/2018 at 9:09 AM, denby45 said:
I bought a Bosche Move cordless vacuum cleaner (14.4V) because I liked the idea of mobility without the trailing cord. It was never really great to start with and didn't have much suction power. Now after about 6 months it is for the garbage heap. I would say "It Sucks" but in this case it doesn't if you get my meaning. The battery is completely useless and I cannot find a way to replace the same. If you buy one of those cheap robot machines then I suppose you are going to face the same thing eventually.
I am now contemplating buying one of those very expensive centrifugal machines however the missus is a cheap Charlie so maybe I would be Dyson with death.
Den
As a follow up to this mail. I found out that I can buy a replacement battery for approx 5,000 baht. So I guess based on the longevity of these batteries it works out at roughly 10,000 a year.
You can guess what I told them.
Den
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UK pensions
in Home Country Forum
Posted
It has been discussed here many times, the rights and wrongs of claiming you are living in the UK when you are really living in Thailand. Now in my case, after living for many years outside the UK, initially I would be very foolish to go back to the UK and declare OK I am now living in the UK so please do not freeze my pension. I will do my first claim in April 2023. I could of course do that very thing, set it all up and then sneak back to Thailand.
However in my case there is a very good reason not to do that and it is all about IHT. Now HMRC have guidelines about domicile. They are as follows:
HMRC will treat you as being domiciled in the UK if you either:
At the moment I would be classified as Non-Dom for IHT. Means I would only be liable for IHT on all UK assets above 325,000 quid. As opposed to worldwide assets of domiciled individuals. All overseas assets are exempt and even UK bank accounts held in foreign currency would also be exempt for Non-Dom.
I have no idea when I might die, so I (or rather my heirs) would be risking a huge tax bill should I declare UK residency and then snuff it sooner than later. If I have a good innings then I may reassess the situation a bit further down the line. Obviously I intend to draw down over the years and enjoy my life as best I can. So at some point in the future my total assets will fall below threshold for IHT and it will become worth my while to cheat. I am not saying I will at this point but I do consider the frozen pension to be extremely unfair.
Den