chiang mai

It may be the chassis and drive train are from 1970 but the body shell has been remanufactured or replaced.

You hope!

I do not understand your question but really don't need to, so don't bother trying to explain whatever it is you're trying to ask.

As I recall, around 20%. But it was my intention to become UK resident when I returned, my plane was to spend 6 months per year in both countries. It was Covid that interfered with this plan rather than any attempt to deceive.

I did post the letter from DWP confirming this is true! It is not a straight forward matter and I doubt that moving to PI will be effective. There are many things the DWP looks at when determining residency and each case is different, as the letter above states.

I strongly suggest you wait until the end of the year once all the new tax forms and instructions have been made clear by the Revenue. As of today, many uncertainties exist which even tax experts do not know the answers to.

The poster was correct, you can return, become settled and then leave again and retain the increases. I did that in 2019, it took 3 months to be declared fully UK resident and I retained the uplift when I came back to Thailand some months later. I even notified DWP of my return and asked for my pension to be deposited into my Thai bank account, which they duly obliged. EDIT TO ADD: copy of relevant letter from DWP (redacted) I am responding to the email dated 1 April 2019 to which included the Rt. Hon Amber Rudd MP about your UK residency status. I should explain that due to the Secretary of State’s wide ranging responsibilities, it is not always possible for her to respond to every letter personally. In this instance I have been asked to reply. I was sorry to read of your concerns and on receipt of your email I arrange for your UK residency status to be investigated. I can confirm the International Group (IG) does not undertake Statutory Residence Tests (SRT). However, they did write to you on 20 December 2018 asking some questions about your residential status in the UK and abroad, this was to establish whether you are a habitually resident in the UK. As you have spent a significant time abroad we needed to establish whether you are now habitually resident in the UK. I understand that you returned to the UK on 1 July 2018, then left for an extended stay in Thailand on 6 November 2018 . As this was approximately 4 months after returning to the UK and because State Pension (SP) rates can be frozen, depending on the country of residence, IG required information to establish whether your stay in Thailand was temporary and to confirm that your country of residence is the UK. Redacted IG has accepted that you are habitually resident in the UK from 28 June 2018. Your SP is paid up to 27 March 2019 at £xxx per week, Increasing to £xxx per week from 11 April 2019. It may help if I explain that your country of habitual residence is not decided on the number of days spent in a particular country. IG considered your individual circumstances, taking into account a number of factors such as: whether you retains a residence and continues to have financial commitments in the UK, when he goes abroad is your intention to return to the UK did purchase a return ticket do you own property abroad and have financial commitments in that country There are other factors which IG will consider when making a habitual residence decision and each decision is based on that customer’s circumstances. I have asked IG to write to you to confirm they consider your country of residence to be the UK. In the meantime, should you have any further questions about this matter you can write to, Complaints Resolution Manager, The Pension Service 4, Mail Handling Site A, Wolverhampton. WV98 1AG or by telephoning 0191 613 8158. Once again thank you for your enquiry, I hope I have clarified the current position. Yours sincerely (redacted) Complaints and Correspondence Manager

There are no USD swaps with the US Fed but BOT does make extensive use of USD futures. It has been estimated that the value of those future operations equal up to 50% of the FCR's which adds to the picture of currency manipulation. But with commodities such as oil priced in USD, and Thailand being a net importer of oil, USD futures make huge sence.

Not completely correct. The Foreign Currency Reserves (FCR's) include THB, as well as the 24 currencies of Thailand's major trading partners, along with gold and SDR's (Special Drawing Rights), all of which are held by the Bank of International Settlements. THB has to be a component of the FCR's because some countries have swap agreements in place plus BOT needs THB to manage the Baht under IMF rules. When BOT wants to weaken THB it issues instructions to prefered brokers to sell THB against USD, the deal being settled via BIS. Having sold Baht and purchased USD, the cost of that transaction to the FCR's depends on the future movement in the exchange rate, in some instances the FCR's may even increase as a result. But for reporting purposes, ALL the FCR's are denominated in USD, for ease of comparison and reporting purposes.

Long term average rate, 32.70.

But not against IMF rules, in fact, IMF rules require them to manage the exchange rate under the managed floating rate scheme.

That's because they do know, it's because the government operates a Fuel Subsidy Fund (oil Fuel Fund) that regulates the price of fuel to the consumer. https://www.nationthailand.com/thailand/policies/40036725

As much as some posters find it funny, the long term average is 32/33

Already acknowledged many posts ago!

You don't go to a social network forum expecting to read expert financial or economics advice, you come hear to read opinions. If you want expert advice, you're altogether in the wrong place. Try Bloomberg as a start and see where that takes you.

Why don't you go find some and post it?

Doubtful, if the strengthening holds indefinitely they might but forecasts are it wont.

Aren't you in Laos?

They're safe, they know we wont, especially now they've made the recent changes.....they're on safe ground for at least four years.

Apologies, I'm off to Specsavers immediately. 🙂

Watch out for the age limitation in the small print.

I think the point here is that 37 baht per USD was extraordinary and well above the average. An exchange rate of 32 or 33 is more in keeping with long term averages and that's broadly where we are. If tourists or expats were banking on 37 over the longer term, they are as misguided as the Brits who expected that 80, 70 or 60 Baht per Pound would continue to be the norm. The fact is the USD is under massive debt pressure whilst GBP has been weakening for decades. THB is an emerging market currency, now a developing nation currency, that has the potential to grow much stronger over time, which is why BOT spends all it's money trying to weaken it, not make it stronger.

If there is no social security agreement between the two countries, the UK State Pension cannot be uprated.

Yes, I wrote pensions, plural. But I agree, trying to exist here on the State Pension alone is not a good ide.

Firmer doesn't mean weaker, firmer means stable and unlikely to change.