.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
denby45
-
Posts
748 -
Joined
-
Last visited
Content Type
Profiles
Forums
Downloads
Posts posted by denby45
-
-
I don't know about buying a house but if you were buying a condo then Under the 1991 Condominium Act, non-residents who purchase condominium units must transfer the funds to pay for the unit from overseas, with the money entering Thailand as foreign currency. I always use Transferwise myself but but obviously could not when I bought a condo. However I contacted the head office of Kasikorn before I did the transfer and agreed with them that when the funds arrive they would give me a preferred rate which was better than their usual rate.
Den
-
A question for the experts. I read here that you can get worldwide travel insurance for about $1 per day. That sounds cheaper than a lot of the insurance companies here that cover the expat community. You would also have the added benefit of cover during any trips you may have throughout the year. Is this a feasible alternative?
Any thoughts on the pros and cons
Den
-
- Popular Post
- Popular Post
On 11/18/2018 at 2:25 PM, sandyf said:Obviously you are of the opinion that 'the people' can never be misled into taking the wrong action.
The great famine in China came about because the people were misled into taking the wrong action. Mao Zedong didn't get rid of the sparrows, the people did, chased them until they were exhausted and died.
History is littered with environmental disasters, but few compare to the one kicked off in 1958 in China. That was the year that Mao Zedong, the founding father of the People's Republic of China, decided that his country could do without pests like sparrows. The impact of this ill-conceived decision — along with many other policies he put in place — caused a domino effect of destruction. Three years later, as many as 45 million people were dead.
What a load of rubbish. You are comparing apples and pears. Yes history tells us that people have always been misled when the elite require it. And yes they have got their way through many devious methods. This was no different in the fact that the elite again tried their best to mislead the people with the government spending millions on pamphlets and spreading malicious doom and gloom scenarios. However this time around despite all the efforts of the elite the people still voted to leave. One of the few times in history the people have refused to be conned and the elite should have got the message and been stunned into silence. Unfortunately the elite are very difficult to fight against especially when you have them ruling parliament and the upper house. Instead of carrying out the will of the people they have carried out a campaign to put as many blocks in the way as they possibly can including the latest bull***t agreement which is very likely to fail. It should fail because the only difference appears to be that the UK will pay the elite gravy train 40 billion extra bonus of taxpayers money this time around on top of what they already pay and all will remain the same as before.
Den
-
3
-
3
-
Belt and suspenders don't work very well in the UK.
Den
-
2 hours ago, nong38 said:
So what you are saying is that the DWP rely on people being honest and telling them where they live or on informers, you might very well be right. The " I am still alive" card comes out at random every 5-10 years is their other card but with the march of technology one does wonder what the future holds with newish auto barriers at Immigration able to track your whereabouts at any given time.
Spain is not a bad idea, just make sure you understand the rules of "foreigners" and their property, always thought the Canaries was very nice, not in the EU as a full member though, its an associate like the Channel Islands.
I believe the Canaries are a full member as one of the OMR (Outer Most Regions). They are slightly different because they have some dispensations due to their location. I too like the Canaries because the weather is better than Spain.
Den
-
Just realised you cannot even trust the main manufacturers of tires. My car has done less than 30,000Km and I was checking the tire pressure as I do quite regularly and my front passenger side was down to 28psi. I thought that perhaps there was a nail in it or something so I took it to the tire shop. The guy in the tire shop says immediately that I need a new tire. Obviously I thought he was scamming me because there was certainly plenty of wear in the tire as you can see. He showed me a couple of cracks in the tire wall which of course convinced me he was genuine. I had him replace it. When he took the tire off and I got a look at the inside tire wall I got a real shock. I think I have been lucky in this case as it could have been much worse. That tire could have blown out at anytime. I attach the photos.
-
On 10/24/2018 at 1:54 PM, sirineou said:
I don't do extensions to stay yet . As I still work outside Thailand and exit the country often enough not to need them, But I Will probably be putting my papers in for retirement next spring and will have to content with the above , so I am following this thread with interest,
It would be reasonable , and pretty easy, If the above is true. as most retirees should be receiving Social security and or a pension as it will be the case for me, IMO if someone does not have a monthly income of 65 k one is not ready to retire.
If you have a couple of million quid in the bank and are drawing down then surely you are ready to retire. 5555 I wish
Den
-
1
-
-
I have a good idea. Let's become an African type of country and just ignore democracy altogether. To hell with the people's vote. Just ignore it and remain.
Den
-
1
-
-
Tried it once with a demo account. Just messing around I thought OK you really have a 50/50 chance of being right on whether you buy or sell. Can you believe that 19 out of 20 of my trades lost money. Probably a good lesson. Never went near it again
Den
-
Well all I can say is he made his bed and now.............
Den
-
Saw an ad about Krungthai
"Krung Thai Bank 3 Year Fixed Deposit 2%"
Anyone any details about who can take up the offer. Is it limited to Thai only?
Den
-
On 9/6/2018 at 6:56 AM, Jip99 said:
It is in your name Den , with a 23- sort code and your individual account number.
Private pension providers pay to TW.
Thanks for that info. Jip99, Something new for me. I always transfer to their account No. when sending money.
Should work for the DWP then if it is an account in your own name and of course as I said before easy peasy. Hope I can remember this when I hit my own pension date in 5 years.
Den
-
1 hour ago, Jip99 said:
I imagine that the DWP would pay in to a Transferwise Borderless account ?
I doubt if they would do that. The account they pay into would surely have to be in your name.Although they won't entertain opening an account in a UK bank if you are non resident an alternative would be to open an account in IOM or Jersey with one of the big banks. I am sure the DWP would have no objection to paying into one of those banks.
Den
-
- Popular Post
- Popular Post
58 minutes ago, billd766 said:I organised my state pension to come via the SWIFT network which as I understand it comes directly to my Thai bank account.
All three pensions are set to do the same thing.
My company pension takes 2 working days (bank and public holidays plus the weekends I have ignored).
My RAF pension takes pretty much the same time.
Both of these are shown in my bank statements as international transfers.
My state pension takes 4 or 5 working days to arrive and is shown as a domestic money transfer.
It seems as though the pension people transfer to Citibank UK where it appears to stay overnight, it then gets transferred to Citibank Thailand where it stops once again. Citibank Thailand then transfer it to Kasikorn band central head office as a domestic baht transfer on the BTN or Baht Net system. It eventually gets put into my account during the working day.
Is there any other bank transfer system that the state pension uses so that I can try them and bypass this ludicrous system?
You could have them all paid into a single account in the UK. Cost would be zero. Then arrange a standing order with Transferwise which generally give the best exchange rates and it takes a couple of days to get to your Kasikorn account.
Easy peasy.
Den
-
4
-
- Popular Post
- Popular Post
4 hours ago, BritManToo said:The chance of you getting a UK state pension in 2031 is so small I wouldn't be worrying about it.
By then you could be back in the UK, dead, or they may have raised the pension age to 75.
In the last 15 years about 1/2 the Brits I knew have died.
Your optimism is overwhelming.
Den
-
1
-
2
-
I am surprised the 8888 (855000) number went so cheap. The luckiest number in Chinese culture and there are many rich Chinese or Chinese/Thai families here.
Den
-
1
-
-
My man breasts are small. But pert. And I don't take offense easily so fire away.
Den
-
On 8/9/2018 at 8:16 PM, moontang said:
I was talking about BAAC in general....whatever deposit product you choose from them stands a strong chance of failing the litmus test at Immigration.
Noted.
Den
-
Proof positive you don't have to be smart to get rich.
Den
-
On 8/8/2018 at 9:05 AM, moontang said:
as stated, BAAC doesn't have the deposit insurance, so I would assume it may be a very poor choice for extension money. Might be a few that have used it..believable, but technically cannot.
Do you mean retirement extension? You need a lot more than 25,000 for a retirement extension.
Den
-
On 7/5/2018 at 10:24 AM, Oxx said:
I can't read the small Thai print, but I suspect this is a "step up" account. The headline rate of interest is only paid for a short time towards the end of the 24 months, with a significantly lower interest rate at the start. People get suckered in by the headline and don't read the small print.
BAAC is a government bank (so not covered by the Deposit Protection Agency). It's also got significant problems with bad loans. Whilst the government will probably bail the customers out if the bank fails, that may take quite some time.
The way it is worded it looks more like a Teaser account which draws people in with the headline rate then drops down to another figure later. This particular one is 24 months and you pay up to 25,000baht per month into the account (must be in before the end of the month). It looks like the 3.4% only applies to the first 12 months then it drops to 2.5% for the second half. Of course you are only earning 3.4% on the first 25,000 you deposit and 3.4% *11/12 on the second and so forth.
Den
-
On 8/2/2018 at 7:45 AM, Vacuum said:
<deleted>. How can it not be a crime? What country would that be?
Amishland
Den
-
2 hours ago, My Thai Life said:
My point is that pensions are paid out of current income to government, not out of vested contributions, which seems to be a common assumption. So I think we are in agreement (about the first part anyway).
To be more specific: If Mr Smith is receiving a pension today, he is paid out of the income the government is receiving "today", not out of Mr Smith's earlier contributions.
(In the post you quoted I used the term "contribution" in a general sense, not a technical pensions sense, because I was paraphrasing an earlier post!)
But I'm not sure if I can agree about sustainability. We'd need to see some pretty good actuarial analysis to be sure, and even then we might disagree about its assumptions. The fact that the gov't has changed the rules, for example, raising the retirement age and its albeit limited freezes, suggests that the earlier model wasn't sustainable. (We all knew that anyway, that's why I opted out many moons ago.) Gov'ts all over the world (or at least the Caucasian parts) are doing this of course, including Russia; the post-war baby boom is now a retirement boom!
Posted this before and I’m not sure if it has been superseded. It’s an extract from the “Government Actuary’s Quinquennial Review of the National Insurance Fund as at April 2015” Link is also posted.
1.4
The consequences of the above progression in NIC receipts and benefit expenditure are that:>
the Fund balance is expected to increase until around 2024-25, without anyTreasury Grants being required
>
without additional support in addition to NICs, the Fund balance will fallrapidly to exhaustion in around 2032-
33>
Treasury Grants would be required from around 2030, but would consistently need to exceed the current limits from 2060- 61.-
1
-
-
12 hours ago, oilinki said:
I already have a visa, but would like to do some remote work for an while.
I am already remote from work and hope to stay that way.
Den
-
1
-
Small change Thai style -- I bent over to pick up one baht and I didn't like it
in ASEAN NOW Community Pub
Posted
Hahahahahaha So funny. Made my day.
Actually the GF told me once the baht bus drivers hate to receive the smaller denomination coins so I try to make sure at least I have 2 fives and preferably a 10. Although it's all money at the end of the day I guess I do see their point. They are always in a hurry to get people off quickly so as not to disrupt traffic too much and scratching around for those pesky little bahts does take extra time. Also I mostly give my small money to the people begging in the street or place in one of the charity boxes if I come across one so I don't usually have many anyway.
Den