Gottfrid Posted March 25, 2022 Share Posted March 25, 2022 (edited) 32 minutes ago, hughrection said: Like what for example? Invest 60 GBP a month into what exactly to give you a livable return in say 15 years from now! Just try Bitcoin when it was new. Edited March 25, 2022 by Gottfrid Link to comment Share on other sites More sharing options...
starky Posted March 25, 2022 Share Posted March 25, 2022 This is like the yanks whingeing because thier embassy wouldnt immediately airlift doses of mrna vaccines ro vaccinate them during early covid days. Heres the bottom line. If you want all the benefits of living wherever your home country happens to be. Dont become an expat. Not hard. Once you never longer live in your home country obviously you forfeit any benefits that come along with that. Link to comment Share on other sites More sharing options...
Popular Post billd766 Posted March 25, 2022 Popular Post Share Posted March 25, 2022 5 hours ago, sawadee1947 said: Obviously you worked only one day week???? for 40 years Not necessarily correct. I paid NI contributions for 44 years and my state pension is £399 every 4 weeks. The pension that you get today takes into account of how much NI contributions you paid in and the date when you retire. I paid in for 44 years and I retired in 2009 so my pension is frozen at the 2009 rate anyone who retires before 5th April will get less than someone who retires on 10th April as that is in the new tax year. 3 Link to comment Share on other sites More sharing options...
Popular Post Baht Simpson Posted March 25, 2022 Popular Post Share Posted March 25, 2022 16 minutes ago, starky said: Once you never longer live in your home country obviously you forfeit any benefits that come along with that. Demonstrably untrue. The State Pension is not forfeited, which is what we are talking about here. And it's not a benefit, it's an entitlement you've paid for. 4 Link to comment Share on other sites More sharing options...
kickstart Posted March 25, 2022 Share Posted March 25, 2022 10 hours ago, Gottfrid said: There is another option in life, and that is to save and invest, for building a great stability. I have just had 3 insurance policies maturer,two I started saving when I was about 18-20 ,the money is sat in a bank earning 0.5-0.75% interest with inflation now almost 7 % how are you to build for a great stability. 1 Link to comment Share on other sites More sharing options...
London Lowf Posted March 25, 2022 Share Posted March 25, 2022 3 minutes ago, billd766 said: I paid NI contributions for 44 years and my state pension is £399 every 4 weeks. The full new State Pension is £179.60 per week i.e. £718.40 every 4 weeks, and you have paid for more than the qualifying number of years - there is a reason that you are not getting the full amount, and I'm sure that you know what it is! But at least you seem to realise that the state pension is entirely funded by NI contributions and nothing to do with income tax - and that is why you no longer pay NI once you reach state pension age. 2 Link to comment Share on other sites More sharing options...
London Lowf Posted March 25, 2022 Share Posted March 25, 2022 1 minute ago, kickstart said: I have just had 3 insurance policies maturer,two I started saving when I was about 18-20 ,the money is sat in a bank earning 0.5-0.75% interest with inflation now almost 7 % how are you to build for a great stability. I have a private pension that I have not yet needed to touch - in the year to 18th September last year it grew by 9.81%! I also own my property outright and since I bought it in October 2019 it has increased in value by over 40%. I am not wealthy - I had always earned just slightly over the average wage, but I listened when it was drummed into me to buy a property and a private pension. I appreciate that many could not afford to do this, but many simply did not plan for retirement. 1 1 Link to comment Share on other sites More sharing options...
Popular Post kickstart Posted March 25, 2022 Popular Post Share Posted March 25, 2022 29 minutes ago, Gottfrid said: Just try Bitcoin when it was new. Or you should have brought shares in Apple,Telsa,Google Facebook ,when they were new. Who was to know that they were going to grow to what they are today . Like the guy in the early,early days of the internet ,he got website addresses ending in sex.com,sat on them and then sold them as the internet grew . If we all had a crystal ball, we would not be sat here . 4 1 Link to comment Share on other sites More sharing options...
ivor bigun Posted March 25, 2022 Share Posted March 25, 2022 10 hours ago, mahtin said: 8893 signatures now I hate to say it ,but you have more chance of winning the lottery than them giving us yearly rises . 2 Link to comment Share on other sites More sharing options...
Gottfrid Posted March 25, 2022 Share Posted March 25, 2022 15 minutes ago, kickstart said: Or you should have brought shares in Apple,Telsa,Google Facebook ,when they were new. Who was to know that they were going to grow to what they are today . Like the guy in the early,early days of the internet ,he got website addresses ending in sex.com,sat on them and then sold them as the internet grew . If we all had a crystal ball, we would not be sat here . Oooh, such great fantasies. What I did was take an obvious example. Imagine how many good choices there is before you just chose the bad ones. Link to comment Share on other sites More sharing options...
Gottfrid Posted March 25, 2022 Share Posted March 25, 2022 32 minutes ago, kickstart said: I have just had 3 insurance policies maturer,two I started saving when I was about 18-20 ,the money is sat in a bank earning 0.5-0.75% interest with inflation now almost 7 % how are you to build for a great stability. You can´t! But when did you find that out. Today? 5 Years ago or right after you started? Or did you just believe without checking anything and complain later? Link to comment Share on other sites More sharing options...
Struth Posted March 25, 2022 Share Posted March 25, 2022 This is shocking and a disgrace. I have worked and paid Tax and NI This is not a hand out but funds due that have been paid in over the years and interest gained. So, let me get this straight Old Boris and pals can get a pay rise million wasted on scams e.g. Nightingale Hospital and the rest but no money for the aged if you happen to live in another country? What has that got to do with it? 5 million a day spent on illegals coming in on boats from France, well we allow it so they get away with it. 1 Link to comment Share on other sites More sharing options...
sawadee1947 Posted March 25, 2022 Share Posted March 25, 2022 2 hours ago, billd766 said: Not necessarily correct. I paid NI contributions for 44 years and my state pension is £399 every 4 weeks. The pension that you get today takes into account of how much NI contributions you paid in and the date when you retire. I paid in for 44 years and I retired in 2009 so my pension is frozen at the 2009 rate anyone who retires before 5th April will get less than someone who retires on 10th April as that is in the new tax year. Sure, but depends on your salary. I suppose you paid to NI only the Minimum. Link to comment Share on other sites More sharing options...
bradiston Posted March 25, 2022 Share Posted March 25, 2022 12 hours ago, Liverpool Lou said: Gosh, didn't realise that it was that simple. May we use your address and phone number there? Anyone changing location from Thailand to PI without a PI bank account also is going to be looked at very closely! Have you got any other simple, "job done" financial recommendations that we could have a look at? You obviously don't know what you're talking about. Your statement re Philippines bank account is complete nonsense. And why couldn't you get your own residency details sorted? There's nothing wrong with my suggestion. Fly out to the Philippines and check it out. As you admit, signing a petition that's been turned down on multiple occasions is just a head banging exercise. How about you coming up with some suggestions? Or just leave the job undone? 1 1 Link to comment Share on other sites More sharing options...
Thailand Posted March 26, 2022 Share Posted March 26, 2022 9 hours ago, sawadee1947 said: Sure, but depends on your salary. I suppose you paid to NI only the Minimum. I thought the only way to increase basic state pension from the UK was to defer taking it? Link to comment Share on other sites More sharing options...
jacko45k Posted March 26, 2022 Share Posted March 26, 2022 10 minutes ago, Thailand said: I thought the only way to increase basic state pension from the UK was to defer taking it? Certainly that is one way, I know someone who deferred it at 65 or 66 until 70, and receives a larger amount. Link to comment Share on other sites More sharing options...
mikebell Posted March 26, 2022 Share Posted March 26, 2022 13 hours ago, Thailand said: Less than mine which I thought was bad, must have been taking your pension for 15-16 years? I'm pushing 80 so 15 yrs in October. Pensionable age keeps going up. (Isn't it 68? now?) No mention of the millions saved when Covid ravaged unchecked through Care Homes. 2 Link to comment Share on other sites More sharing options...
mikebell Posted March 26, 2022 Share Posted March 26, 2022 11 hours ago, London Lowf said: The full new State Pension is £179.60 per week i.e. £718.40 every 4 weeks, and you have paid for more than the qualifying number of years - there is a reason that you are not getting the full amount, When you move to Thailand, your pension is frozen at that sum. I have lived here 15 years after my 65th birthday so I receive the weekly rate current in that year (- 2007?) 1 1 Link to comment Share on other sites More sharing options...
BritManToo Posted March 26, 2022 Share Posted March 26, 2022 18 minutes ago, mikebell said: When you move to Thailand, your pension is frozen at that sum. Only if you're daft enough to tell them you've moved. 1 1 Link to comment Share on other sites More sharing options...
Thailand Posted March 26, 2022 Share Posted March 26, 2022 1 hour ago, jacko45k said: Certainly that is one way, I know someone who deferred it at 65 or 66 until 70, and receives a larger amount. What are the other ways? Link to comment Share on other sites More sharing options...
Thailand Posted March 26, 2022 Share Posted March 26, 2022 7 minutes ago, BritManToo said: Only if you're daft enough to tell them you've moved. What is the penalty when you get caught? I assume you would have to return the excess amounts received at the very least? 1 Link to comment Share on other sites More sharing options...
jacko45k Posted March 26, 2022 Share Posted March 26, 2022 6 minutes ago, Thailand said: What are the other ways? By paying the full 35 years required is all I can think of. You can pay missed years if below that ... but only up to 6 years late I think it is. Link to comment Share on other sites More sharing options...
Whale Posted March 26, 2022 Share Posted March 26, 2022 At least life is cheaper here (so I keep being told) so the even in the worst case the 200 baht wont bother too much. I get the principle of it is the issue to you not the fiscal amount? Link to comment Share on other sites More sharing options...
whiteman Posted March 26, 2022 Share Posted March 26, 2022 Or you should have brought shares in Apple,Telsa,Google Facebook ,when they were new. One forgets that back in the day of theses companies above. In my country and many others countries one was not allowed or could not get to buy them or trade with the USA Share markets back in the day. I was at the time active in share trading in New Zealand and they then did not have the facilities to trade over seas the first country one could came later and that was Australia. So only the USA people living over here in Thailand that missed the boat have them selves to blame for the missed opportunity. Just saying:) Link to comment Share on other sites More sharing options...
BritManToo Posted March 26, 2022 Share Posted March 26, 2022 1 hour ago, Thailand said: I assume you would have to return the excess amounts received at the very least? You assume wrong. 1 1 1 Link to comment Share on other sites More sharing options...
BritManToo Posted March 26, 2022 Share Posted March 26, 2022 (edited) 14 hours ago, billd766 said: I paid NI contributions for 44 years and my state pension is £399 every 4 weeks. I paid in for 44 years and I retired in 2009 so my pension is frozen at the 2009 rate anyone who retires before 5th April will get less than someone who retires on 10th April as that is in the new tax year. 1 hour ago, Whale said: At least life is cheaper here (so I keep being told) so the even in the worst case the 200 baht wont bother too much. I get the principle of it is the issue to you not the fiscal amount? @billd766 gets 400 GBP every 4 weeks after paying 44 years NI (2009 state pension age 65). I get 700 GBP every 4 weeks after paying 40 years NI (2022 state pension age 66). So it's a little more than 200bht ............... seems unfair @billd766 gets less than me. Edited March 26, 2022 by BritManToo Link to comment Share on other sites More sharing options...
Liverpool Lou Posted March 26, 2022 Share Posted March 26, 2022 16 hours ago, Thailand said: Before there was not the power of social media, if everybody posts the links via twitter etc it could really gain traction, maybe! How many UK OAPs do you think use Twitter?! Government policy is not made or changed as a result of tweets. Link to comment Share on other sites More sharing options...
Will B Good Posted March 26, 2022 Share Posted March 26, 2022 2 minutes ago, Liverpool Lou said: How many UK OAPs do you think use Twitter?! Government policy is not made or changed as a result of tweets. It is in the US. 1 Link to comment Share on other sites More sharing options...
Liverpool Lou Posted March 26, 2022 Share Posted March 26, 2022 36 minutes ago, BritManToo said: 2 hours ago, Thailand said: I assume you would have to return the excess amounts received at the very least? You assume wrong. So do you!... https://www.gov.uk/benefit-fraud 1 Link to comment Share on other sites More sharing options...
Liverpool Lou Posted March 26, 2022 Share Posted March 26, 2022 3 minutes ago, Will B Good said: 6 minutes ago, Liverpool Lou said: How many UK OAPs do you think use Twitter?! Government policy is not made or changed as a result of tweets. It is in the US. Let's not bring those idiotic lawmakers into this discussion. 1 Link to comment Share on other sites More sharing options...
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