Jump to content

prakhonchai nick

Advanced Member
  • Posts

    3,204
  • Joined

  • Last visited

  • Days Won

    1

Posts posted by prakhonchai nick

  1. Most UK occupational pension funds will pay a pension to a partner, akin to a widow's  pension.  Best to advise them early on of the partner. It can be quite a problem proving a partnership existed after death.  Note many pension funds reduce the pension paid to wife/partner if she is more than 10 years younger. Often 2.5% for each year over 10

    • Like 1
  2. I have assisted several Thai widows of British expats. They all receive the Personal Tax Allowance (currently £12,570), and this is sorted  by the former employer of husband when paying the widow's pension. No need ever to deal direct with HMRC re the allowance

     

    However, depending on the date of death of the husband, a tax refund can be claimed (sometimes automatic after a year or so has elapsed)

     

    Note that the UK state pension ceases upon death. There are no longer any benefits for widows or children, nor the one off lump sum payment (was £2,000).................unless husband and family happened to be in the UK at time of death

    • Thanks 2
  3. There are many crimes, which in my view warrant capital punishment, the most obvious one being murder

     

    I see no reason to abolishing capital punishment, when there is absolute proof of guilt, such as CCTV, multiple witnesses and the like.

     

    However, the only alternative is surely whole life imprisonment, which sadly most countries pay lip service to.

     

    10/15/20 years and applications are generally approved for parole. The murderer is free to enjoy the rest of his/her life (usually with social security benefits) yet the victim has nothing more.

     

     

    • Like 1
  4. 1 hour ago, Dan O said:

    Not necessarily. I transfer swift every month from USA to here and it arrives next day and has positive tracking detail for Imm purposes. They do quote a window for delivery as some banks are not on the swift network and have to be inter-banked.

    A Swift transfer to a Thai bank, will be exchanged into Thai baht at the banks rate at time of arrival (1,2,3 days later)  It may be higher than on the day sent, it may be lower. With a WISE transfer, one knows exactly what the exchange rate will be.

    • Agree 2
  5. 14 hours ago, worgeordie said:

    My daughter transferred  3000 quid to me yesterday ,arrived in afternoon ,

     the service was quick ,but was charged 18 .50 Sterling  for the transfer ,I

    thought that was a bit much ,is that normal ? thanks

     

    regards Worgeordie

    Just checked  the fee shown was £18.81,  It is worth noting that when making a transfer with Wise, if you send the money to your account first then use the balance to pay for the transfer it is usually a wee bit cheaper.

    • Like 1
    • Thumbs Up 1
  6. 1 hour ago, hotandsticky said:

     

     

    All mandates cease on death and whilst a surviving joint account holder is entitled to the funds, by succession, banks are likely to want see Probate (estate administration in Thailand) procedures followed. That may well cause delays.

     

    I still think the best advice is not to advise the bank and use ATM/Online banking to disperse the funds (if required) - despite the questionable legality of doing that.

     

    In my experience most Thai banks require the Thai eqivalent of probate, to enable a spouse or partner named in a Will to receive the deceased's funds.  No problem in a joint account holder removing./transferring funds out of the joint account and not advising the bank. If the joint account ATM expires, then problems arise as both account holders need to apply for a new one

     

    Most widows/widowers, Thai or expat invariably use their spouses ATM card (if they know the PIN) to remove funds after death, regardless of it being illegal.  Problem is when the Thai wife of an expat knows the ATM PIN, several in my experience have drained the account prior to death, and therefore maybe best to keep the PIN number with a 3rd party, only to be released upon death

    • Like 1
    • Agree 1
  7. Having helped a few Thai widows over the years, there are frequently problems.

     

    One husband died unexpectedly and his fears that his wife would, at some later date, upon his demise most likely donate most of her money to the local wat and monks came true,

     

    Another husband set up a Will requiring the executors to make regular monthly payments to the wife for a period of 4 years after which she could have the rest as a lump sum, hoping that the family predators would have gone away..  The family however had another idea. They found their own lawyer, advised there was no will, and the deceased had no family, and the wife/widow walked away with everything. (As I understand it, she lost most of it to the family in a very short space of time)

     

    Does the OP not have a work related pension?. In most cases wives, and more often than not, partners, can receive a pension of around 50%, sometimes reduced where there is an age difference of more than 10 years

    • Thumbs Up 1
×
×
  • Create New...