noobexpat

Are you confusing this with gifts to charity. Trusts have to be registered with hmrc, but the gift inside it does not.

From the date of the gift its a PET (potentially exempt transfer). If her death occurs within 7 years, the value of the gift uses up her starting nil rate band, currently £325k. The excess is chargeable at 40% IHT. If she was married, then she likely has 2 NRB's so £650k allowance. If she dies after 7 years, then its a successful gift.

Something i used to get lots of at xmas

No. What type of POA is it? Of course you don't know - there are 4 options beginning with early ones being lasting or enduring.

Quite expensive in UK. Minimum 3 million baht?? I have a client who has one, probably paid 7m baht UK equivalent. Just a weekend getaway. Had starlink fitted too.

Maybe ...but its only a pretty small platform fee and possibly some fund manager rebate. Until they start attracting billions in western currencies, it will be modest. Maybe equity funds will follow.

How they get away with referring to 'interest' is ....interesting! It is anything but. They are gilt and fixed interest investments, not deposit accounts. They have yields, coupons and redemption values. Probably use an OEIC or unit trust wrapper which are taxable. Fees will be higher than using just about any other platform for the same externally managed funds. Wise doesn’t have fund managers lol. I can see no advantage using this facility over just about any other bond fund provider.

In my 40's so don't know many older folks. Both my parents mid 80's. I think disabled people still have a desire for life. If you are a fat, smoking, heaver drinker then those folks should listen to you. Your points are typical of folks who probably didn’t quite plan that well for retirement: i need less because blah blah blah

He meant the tax number!

Not sure you should be giving the advice if you are forced to do this.

Leaving on spur of the moment is irrelevant. The type of person you are or become when you arrive here is all that counts. Better he moves away from negative people who just say don't ...??

UK office of national statistics...

Thats for state benefits to stop ...nobody contacts private pension schemes

Which govt agencies? Be honest if you are just making this up.

You have a garden?

I don't do retirement extensions, they are for the common folk of course, but some get very excited over £1k a year. What next? State pension increase party at your local bar ????

Because its like bob the builder or paul the plumber explaining how financial services operate. Take your outcome as a win and don't bother trying to set precedents for everyone else.

Yes, silly me. I understand your example. Cheers.

You don't see it, its electronic and instantaneous. Its risk assessment and the specifics will be kept pretty secret by whatever credit agency the bank uses.

Then thats not a company, thats a partnership, which means he's self employed for tax purposes ...so self assessment is needed and income tax due on the earnings.

In said example, he can't be a director of his uk company because you have to be resident.

But thats what you said above. Ok its good you change your mind so quick!

The time you can keep to yourself but maybe the year might add some value ???? ID&V is done through a 3rd party credit check. We use equifax. Saying they do or do not use electoral register info is both inaccurate and overly simplistic. Its a scoring process with a pass/fail threshold.

No, its for thai nationals who generate income/profit offshore then disguise it as capital and defer its transfer into thailand. They have no interest in DN's as they are not taking resources out of thailand and its economy, they are bringing resources in. And its negligible anyway. Forget about all this silly chat about taxing expats pensions etc too.

Correct, i set it up when i was living in the UK. But the main point being, is wise isn't address dependent ...unlike the annoying folk at barclays.