11 minutes ago, No Forwarding Address said:

How is it deposited??  If in a UK Bank account, then no you're not bringing money into Thailand.  I would suspect he pays taxes on his income in Bangkok so taxes have been paid - all is good.   Cheers

Transferred from my Barclays account to his Natwest Account or paid by me on my UK credit card (I pay for our annual trip home to visit family) & he pays me back from his (taxed) income in Thailand. 

Works out well for both of us as we use the XE mid market rate which is higher than I would get transferring money over & lower than he would need to pay to transfer THB to GBP. 

14 minutes ago, Andyfez said:

I wonder how they will police this? 

Tax all income coming into the country?

If I bring it in through ATM or Western union, how will they know?

Here's one for you, over the course of a year I give my mate who works in Bangkok approx. £10,000 in the UK for his regular investing there & stuff he buys for his kids etc..., he pays the equivalent into my Thailand Bank Account.

Am I bringing this money into Thailand? 

Just now, quake said:

Can you pay your uk government pension into a wise account ?

and a private pension ?

any one know.
 

State Pension yes (But you can have it directly paid into your Thai account if you like) Private Pension it depends on your Pension provider, some guys have reported success, others have said their provider says No...

As I posted in another thread, Barclays is currently allowing some customers to keep their accounts:-

Under the latest closures, those with cash ISAs and fixed-rate bonds will be able to keep their accounts unless they live in Estonia, Italy, the Netherlands or Slovakia.

The same rule applies to mortgage and loan holders with the UK wing of the bank. However, existing home loan customers will not be able to remortgage when their term ends.

https://uk.finance.yahoo.com/news/barclays-debank-british-expats-134809331.html?guccounter=1

Remains to be seen whether they'll let people with a Stocks & Shares ISA keep their accounts (Guess I'll wait to see if they write to me saying they're going to close my account). 

1 hour ago, youreavinalaff said:

I doubt they check the electoral registers. The bank account I use now, with Halifax, was set up on the back of providing passport details.

 

I used my parents address. An address I have never lived at. At the time I was not even living in UK, I was visiting, and had not lived in UK for 18 years.

 

 

How long ago was this only for years now even the most basic credit/KYC check includes a check on the Electoral register & if they don't find you there you will be asked for proof of address. 

One of the Credit Check companies that Barclays use is Experian so I guess you could always do one yourself & see what happens... 

https://www.experian.co.uk/consumer/experian-credit-score.html

[Don't worry, it's only a "Soft" check so won't show up on any future credit checks].

Edit: From the Experian site 

6 ways you can benefit by getting on the electoral roll

https://www.experian.co.uk/consumer/guides/electoral-roll.html

Season 2 of the Murdaugh Murders has dropped on Netflix... 

Murdaugh Murders: A Southern Scandal https://www.imdb.com/title/tt26340238/

5 minutes ago, Happy happy said:

Currently as the law stands right now, does a retiree- who is tax resident in Thailand but covered by double taxation exemption-does he need to file a tax return in Thailand?

(Technically)... Yes if you have overseas income above 150,000 (+ allowances) THB that you bring into Thailand in the same Calendar/Tax year that it was earned. 

The DTA only comes into play when calculating how much Tax is due on the income. 

UK for approx. 3 months (max 90 days as I have 2 "Ties" with the UK that mean anymore than this could see me losing my Non-UK Tax Resident status there).

Penang OR Bali OR Davao for 3 months (alternate between them each year) 

1 month holidaying somewhere I've never been (lots of places in South America I'd love to visit)  

Thailand for 5 months.

Appreciate this is only easy to do when you don't have a family in Thailand, as it's just me & the GF I'd probably take her on the 3 month trip to the UK OR the 3 months in Malaysia/Indonesia/Philippines but she'll just have to accept that she won't see me for 4 months of the year.

9 hours ago, Liverpool Lou said:

Appreciate that tip, a SIM is now on it's way to me.   Got a feeling, though, that when I get past the UK phone number stage the next thing that they will require,  after their credit check comes up blank for me, is a confirmable UK address which doesn't exist.   Thanks, anyway.

 

https://www.starlingbank.com/open-bank-account-online/

"The small print

When you apply for a current account with us, we’ll carry out some quick checks at a UK Credit Reference Agency. The initial checks leave a soft footprint on your credit file, and the overdraft check leaves a hard credit check footprint. If we need additional proof of address information we’ll get in touch via the app".

If you're trying to open an account then they will check the electoral register so unless you're registered at that address (which could possibly mean more council tax for the owner if there is only 1 Adult currently registered there) you're unlikely to succeed. 

If you already have an account & are just trying to get the App working, then I did exactly this when I changed my phone last December using a GiffGaff SIM (took about 1 week to arrive, totally free), I don't know why I bothered putting credit on it at that time as I've never had an SMS/Call from Barclays on it but it could be they tried & failed as I don't think I put "International" credit on it.

It did come in handy for my UK trip last May though so well worth having anyway. 

On 9/23/2023 at 7:54 AM, Pattaya57 said:

Just an update on technology for all the people insisting airlines will require an onward flight.

 

My check-in last month was all self serve and I never spoke to an actual person at check-in. The boarding pass/baggage tag machine also didn't ask me for an onward filght ????

 

But did you have a return flight as if you did, the system knows about it & the Airline Check-in staff wouldn't ask you for one either. 

The reason I ask is that a few years back, I was unable to use the self service check-in for a MEL-AUK flight with Air New Zealand as I was on a one-way ticket & exiting NZ on another one-way ticket (With Air New Zealand) to Perth. 

On 9/23/2023 at 12:37 PM, brewsterbudgen said:

I was told, face-to-face, by my Lloyds Bank manager when I met with him last time I was in the UK visiting friends, that as long as the bank has a UK address for correspondence it would make no difference where was living.  

I'm not saying that your Lloyds bank manager was wrong BUT If you read the article you'll see that Prof Baker was also told he could use his daughter's address only for Barclays to later contact him to say this was incorrect... 

Prof Barker said his wife was told by Barclays staff when she travelled to Hertfordshire that they would be able to re-register with their daughter’s UK address.

But earlier this week, he received a phone call from the bank explaining that the advice he had been given was wrong and that his account would be closed after all.

https://uk.finance.yahoo.com/news/barclays-debank-british-expats-134809331.html?guccounter=1 

4 hours ago, TorquayFan said:

A Friend's experience - a few weeks ago, after 50 years with Barclays, he queried by email the non-arrival of his new debit card, and received this circular in return https://www.barclays.co.uk/important-information/living-outside-the-uk/#EEAresidents

 

And that was that !! I note that such closures apply to the credit card, current a/c, savings a/c, ISA, Home insurance, Bonds/deposits and loans. A shocker all round.

If you read the full article (Can get it here as Telegraph is behind a paywall https://uk.finance.yahoo.com/news/barclays-debank-british-expats-134809331.html?guccounter=1) - Barclays is saying that some people can keep their accounts... 

Under the latest closures, those with cash ISAs and fixed-rate bonds will be able to keep their accounts unless they live in Estonia, Italy, the Netherlands or Slovakia.

The same rule applies to mortgage and loan holders with the UK wing of the bank. However, existing home loan customers will not be able to remortgage when their term ends.

Crown employees and their spouses can also keep the accounts, and the bank will allow the account to remain open if the overseas address is for someone who manages the money, such as an accountant or lawyer.

18 minutes ago, Robin said:

Taxing income from overseas, or capital transfers?  How is hat going to be sorted out?  

Say i put all my income into offshore bank account and transfer money from that once a year.  if income is taxed at source, do I pay tax again?

If money in overseas account is not income but capital, do I still pay tax?

Tax resident?  Say I spend 175 days a year in Thailand.  Not a tax resident?

175 days(nights) in UK; not a tax resident?

15 days holiday in Singapore/ Malaysia/ Vietnam?  Not a tax resident there?   

 

As a UK Citizen, if you are not Tax Resident elsewhere, I believe the UK will treat you as Tax Resident in the UK for the purpose of any Tax Returns... 

That aside, UK Tax residency is not that as clear cut as number of days in-country, as a UK Citizen you can spend as little as 15 days in country & be Tax Resident... 

The automatic non-resident test

An individual will be non-resident for a tax year if they are present in the UK at midnight at the end of the day for less than a specified number of days in the tax year in question, as follows:

1. For an individual who was resident in the UK for one or more of the preceding three tax years the limit is 15 days or
2. For an individual who was resident in the UK for none of the preceding three tax years the limit is 45 days or
3. For an individual who works abroad ‘full-time’ throughout the tax year (broadly, 35 hours per week on average), without a significant break (more than 30 days, with exceptions for annual, sick or parenting leave), the limit 90 days. Such an individual must also have less than 31 days in the tax year on which he does more than three hours’ work in the UK.

Days of presence will be disregarded where an individual spends a day in the UK due to circumstances beyond their control or where it is a day spent in transit.

If none of the three tests above are met, the automatic resident tests must be considered.

The automatic resident test

An individual will be conclusively regarded as resident in the UK in a tax year if:

1. They are present in the UK for 183 days or more in that years or
2. They have a home in the UK for 91 consecutive days or more (where at least 30 days of that period fall within the tax year in question), are present there for some time on at least 30 days in the tax year, and during that 91 day period either have no home overseas, or have one or more such homes but are present for fewer than 30 days at each of those homes in the tax year or
3. They work full-time in the UK for a period of at least 365 days, all or part of which falls within the year, without a significant break. More than three quarters of the days in the 365 day period when they work for more than three hours must be days where they work in the UK.

Provided none of the automatic resident tests are satisfied, the sufficient ties test must then be considered.

The sufficient ties test

For individuals who want to spend more than 15 or 45 days a year in the UK and do not want to work full-time abroad, it is still possible to become non-resident. However, it will be necessary for them to substantially reduce both the amount of time they spend in the UK and the number of ‘ties’ they have with the UK.

The sufficient ties test combines the concept of UK ties with the number of days that the individual is present in the UK. There are many situational complexities to each of the five UK ties but, in outline, the ties are:

1. Family tie – the individual has a spouse, civil partner, unmarried partner or minor child resident in the UK. Children will not be taken into account if the individual sees the child in the UK on fewer than 61 days in the year or the child is only resident because they are in full-time education in the UK and they spend less than 21 days in the UK outside term time.
2. Accommodation tie – the individual has accommodation in the UK that is available to be used by them for a continuous period of at least 91 days in a tax year and they spend at least one night there in the year. If the accommodation is the home of a close relative the ‘one night’ test is extended to 16 nights. This tie does not require the individual to own the accommodation so holiday homes and even hotels may trigger this tie.
3. Work tie – the individual works in the UK for 40 or more days in a tax year, for at least three hours per day.
4. 90 day tie – the individual has been present in the UK for more than 90 days in either of the previous two tax years.
5. Country tie – the individual is present in the UK at midnight in the tax year as much as (or more than) they are present in any other single country. This tie applies to ‘leavers’ only (see below).

The more ties an individual has the less time they may spend in the UK if they wish to be regarded as non-resident. Please note that the table below only applies when the individual is a ‘leaver’ (an individual who was UK resident in one or more of the three previous tax years).

https://www.bdo.co.uk/en-gb/insights/tax/private-client/leaving-the-uk

12 hours ago, Dogmatix said:

Assuming that a a certified tax return or tax clearance certificate would be required, which is pure speculation at this stage, it would be very simple for Immigration. Tax returns have to be filed by 31 March. So from 1 April any visa renewal application of a one year visa would require the appropriate document from the RD.  What could be simpler?

If it did happen then I think the earliest they could do it would be from April 2025 (more like August/September by the time you get your processed return back) as any tax return done in 2024 would cover the 2023 Calendar/Tax year so the new "Rules" wouldn't apply.

Crime https://www.imdb.com/title/tt12759778/

Season 2 has just started on ITV/ITVX...

From Today's Telegraph... 

Barclays to close accounts of all British expats

Expats who bank with Barclays are to be stripped of their accounts in a move that could leave some customers unable to access their savings and pensions.

British people living abroad will no longer be able to hold a Barclays UK current or savings account, the lender said.

The bank began a review of its international offerings in 2021 and is now writing to customers with a six-month warning.

Wealthy expats can open a global account with Barclays, which allows easy online access and currency flexibility, but need to maintain a balance of £100,000 in order to avoid a monthly charge of £40.

https://uk.finance.yahoo.com/news/barclays-debank-british-expats-134809331.html?guccounter=1

Some good news if you have a loan, mortgage or Cash ISA (Not sure about Stock ISA) with them... 

Under the latest closures, those with cash ISAs and fixed-rate bonds will be able to keep their accounts unless they live in Estonia, Italy, the Netherlands or Slovakia.

The same rule applies to mortgage and loan holders with the UK wing of the bank. However, existing home loan customers will not be able to remortgage when their term ends.

7 hours ago, Dogmatix said:

According to what little they have said so far, you could take a tax credit for the 10% tax already paid, if your country has a double tax agreement with Thailand.  Then, depending on what is your top marginal rate of Thai tax, you might have to pay some more tax, since foreign dividends are taxable as normal income at rates ranging from 0 to 35% 

If we're talking about the 10/11% Withholding tax paid on Dividends in the UK then you (as an Individual) cannot claim a Tax Credit for this, and in reality you haven't paid it [Do the calculation on declared dividend x #Shares you'll find you haven't paid any Tax]... This "Tax Credit" is for the Company to offset the dividend against it's profits when calculating it's Corporation Tax, but it does come into play as a Non-UK Resident when it comes to the dividend being treated as "Excluded Income" as this should be the only Tax that you need to "Pay" & so no further Tax is due.

If Thailand were to start Taxing Dividend Income being brought into the country from any previous Tax Year then it would be very costly & a nightmare to calculate for me as I typically re-invest the Dividend & only bring the cash in when I sell the asset at some point a few years later, by which time it has generated it's own Dividends which have been reinvested, sometimes back into the same stock which then has generated it's own dividends.... etc...  ????

If you did need to pay additional Tax on any (Non-ISA) Dividend income that takes you over your allowances of £13,570 (£12,570 Personal Taxation Allowance + £1,000 Dividend Allowance), then you will pay tax on this at a rate of :-

   - 8.75% Basic Rate (£13,570 - £37,700)

   - 33.75% Higher Rate (£37,701 - £150,000) 

   - 39.35% Additional Rate (> £150,001) 

You should be able to offset any of this additional Tax against any further Tax that Thailand applies (Will be treated as Income so 0-35%) if you bring the money across.

5 hours ago, Ricardo said:

OK, Thanks for the explanation, I see what you're getting at now.

 

Might I suggest, since your OAA doesn't start until your 66+, you might find it possible to take the 25% tax-free from your private-pension, plus any further unused personal-allowance in your 65th year ?  

 

I missed that, and could have drawn over 30% tax-free immediately, in exchange for a slightly-lower annuity thereafter.  

My private pension kicks in at 60 & because of the way defined benefit pensions work, I need to take the Tax Free element before/as part of the 1st payment, after that monthly payments are fixed (except adjusted for inflation) so there is no opportunity to defer any part of the tax free lump sum. 

State Pension will kick in at 67 for me. 

3 minutes ago, Ricardo said:

I believe that you're mistaken about that  ...  my UK Old-Age-Allowance definitely forms part of my taxable UK-arising income, or I wouldn't need to be making an annual-return to HMRC, and paying a trivial amount of UK-tax, every year.  My two minor private-pensions would not be sufficient to take me above the (currently frozen) Personal-Allowance.

 

Or by "Taxed Pension " do you mean something other-than the regular Old-Age-Allowance ?

I was talking about the tax free lump sum that you can take when you start taking your Private (in my case Defined Benefits/Final Salary) Pension which can be up to 25% of the value of the pension.

State pension does count towards your personal taxation allowance and so any additional taxable income can take you over your PTA & you would be liable to tax on the excess.