Keith5588

@persimmon Regarding UK IHT. After a Google Search the result I get is that if you are not UK resident for ten years or more then you are not liable for inheritance tax on your non-UK assets. So I think your UK assets will still be assessed for IHT.

@Gaccha Thank you for your very good detailed post. I will probably try Stashaway when I am back in Thailand in the near future, as you state it seems to be what I am looking for. I had never heard of the ABC rule, it makes sense. Thank's Keith

Thanks for all the comments. I have just sold my house STC in the UK and in a few days will be returning to Thailand, the plan is to spend the rest of my life in Thailand. I want to transfer money from the UK partly to avoid inheritance tax at a later date. At the moment I do have some Sterling based funds, a high % invested in the US, some Japanese funds etc. To keep things simple (for Last Will and Testaments) I would like to to just have my assets in the UK or Thailand, no other country. I was hoping to be able to have some Thai baht based funds invested in the US etc. Maybe this is impossible? Maybe I am writing nonsense as I admit that I do not fully understand what is available. Cheers Keith

Thanks for your comments @GarryP Can I ask if you invest in the mutual funds via one of the Thai banks or is it a separate investment company'?

Hi, I have most of my savings and investments in the UK where it is easy to obtain over 4% interest in a bank fixed interest savings account, or invest in mutual funds or stocks & shares. It seems that once you have money in Thai baht in a Thai bank account the banks only offer about 1% interest in a fixed account. This is the limit of my knowledge and why I am writing this post to hopefully get some help. I have a UK HSBC bank account and intend to ask HSBC Thai bank if I open an account with them will I be able to invest the Thai baht in say mutual funds. I think I have also read that you can invest in funds / the stock market via Kasikorn bank? So if possible to invest Thai baht in the worldwide stock market does anyone know if the terms and conditions /charges are similar to the same investment via a UK company? Thanks in advance Keith

@Equatorial Thank you for giving good information, I hadn't thought of that aspect. She does not co-own my UK assets. I have left everything to her and also for her to be the Executor but you are right in that upon my death my assets I think would be frozen until they are executed properly. So I now believe even more that I would be much better only giving her the name of the companies who have my money. Thanks again Keith

Hi, I am from the UK, retired and living happily in Thailand. We have been happily together 24/7 for the past 8 years and I fully trust my Thai gf / partner. Just to clarify there is not a huge age different, I am 72 and she is 60, we are thankfully both healthy. I have actually made sure that she will be OK, I have Wills, both for Thailand and the UK. But I want to make sure that processing my UK Will is not too difficult. I have quite a lot of investments and my log in details to banks are quite complicated and I encrypt them. I started to think that I must give my gf the log in details but now I think there would be no need. All I need to do is list where my UK money is, if I die she would have a death certificate, the Executor of my Will could then contact each bank / investment company and have my money released, no log in details, passwords etc. would be needed. Am I right? Or would it be best if I give my gf some log in details, again I do fully trust her? Your comments much appreciated Thanks Keith

Thank you @Goodison and @Phulublub Yes I agree with you both. I am now in the UK and listened to Les last night. I did ask him previously to be very careful in wording a question to the DWP to remove any chance of an ambitious reply. Strange that he still thinks he is correct. He also discussed Thai Tax. I believe that his pension from the UK fire service is not assessed for Thai tax but I do think the UK state pension is assessed if brought into Thailand. Although the UK state pension is classed as income and subject to UK tax. Les very positively said UK state pension is not assessed. I might be wrong with the tax as it does not affect me and I do not have time to check. I am just relying on memory which at nearly 72 is not always good.

Thank you @UKresonant I like the basket for each egg analysis. And thank you @Oliver Holzerfilled

Thank you @BritManToo that's good information. I will either contact Hargreaves-Lansdown or Interactive Investor.

Thank you @Oliver Holzerfilled A good read. I still have not fully decided except that I need to move the money from my old pension funds. Annuity rates are up at the moment but I could also move all the money to a SIPP and take a regular draw down. I have made an appointment for tomorrow morning to have a 1 hour phone chat with a UK government person from Pension Wise.

Thank you for the clear advice @Liverpool Lou To clarify some other committments. I have no children, no immediate family at all in the UK. I have transferred all my cash ISA money into stocks and shares and feel that is enough exposure to the stock market. The only person I want to protect if I die is my Thai gf / partner and I have already made sure that she will be OK. I started a level annuity when I left work in 2009 giving me £400 per month. It's nice to have a monthly garranteed income with no action needed. Thanks again.

Hi, I have had help from people in this forum in the past and am very grateful for that. After spending nearly 8 years in Thailand I have arrived back in the UK 12 days ago to sell my house and sort some financial stuff including my Money Purchase Private Pensions funds. I have 3 separate funds with different Insurance companies but they are all similar, quite old and I think with profit schemes. Adding all 3 I have a total of about £300,000. I have contact details for all 3. My original plan was to contact a SIPP provider and move all 3 to this but now I am thinking of buying an annuity as the annuity rates are quite good and I want things to be simple in the future. So take 25% tax free lump sum and buy an annuity with the rest. My question what is the best way to go about doing this? Do I need or would it be wise to have an Independent Financial Advisor help me? If so would they charge me a fee? Or could I just look on the internet to find the Insurance company offering the best annuity rate, contact them, and they would do all the processing, hopefully for free? Any help much appreciated. Thanks in advance Keith PS I will be 72 next month and am looking forward to spending the rest of my life relaxing in Thailand with minimum financial decisions.

I just had another look on the internet, some firms want you to register first which at the moment I don't want to do. I had a look at https://www.airporttaxis-uk.co.uk/Norwich#booking The lowest cost is £31 after a £3 discount for a saloon car. £43 for an executive car. I accept that I initially was not investigating totally correct but I also have doubts that it would be as low as about £7. When I initially looked I saw some prices as in CharlieH message but only if over 10 miles. I will ask after I arrive at Norwich airport and if in the region of £10 may take a taxi but I also don't mind walking, people pay to do similar exercises in a gym 🙂 @Denim concerning buses, could you not have paid for 2 people with your debit card? Thanks for your messages, it has been helpful.

Thanks a lot @Keeps The norwichairport URL you have given may be useful, I have saved it. Thanks for the suggestion about the buses but they would be taking me further away from my house. It's good to know that I could pay about £11 but I will probably still walk it, good exercise 🙂 Thanks for your comments concerning buses, I might need to pay cash until I get a debit card.