5 minutes ago, Will B Good said:

You need a Returning Resident visa to come back to live in the UK if you were previously settled (given ‘indefinite leave to remain’) and you’ve been away for more than 2 years.

Gobsmacked! I'm British and will return whenever I please.

 

If you live in Thailand, you will never be given indefinite leave to remain, unless you get PR or Thai citizenship.

4 minutes ago, Tofer said:

Not sure. I only know that if you work overseas, you need to stay out of UK more than a full fiscal year (April 5th to April 4th) to avoid UK income tax on those overseas earnings. It's a b....y minefield, I only discovered the overnight rule talking to a specialist tax accountant.

I bet the overnight rule is there to catch you for tax purposes and not to allow you to claim pension increases, benefits, NHS care......that's for sure!!!!

On 3/25/2022 at 1:50 AM, Harveyboy said:

well said that man ..i worked 50 years and given a pittance to exist on..just take a look at the European pensions 3x more and earlier retirement.. Britain you should be ashamed..

I know an irish guy whos lived in the UK for the past 20 years and he gets his accomodation paid for and £1,200 per month and he hasnever contributed NI or UK taxes.

 

Bizarre system!

4 minutes ago, Tofer said:

Gobsmacked! I'm British and will return whenever I please.

 

If you live in Thailand, you will never be given indefinite leave to remain, unless you get PR or Thai citizenship.

I am not sure if ILR just refers to people who have applied for a British passport or citizenship as opposed to people 'born' with UK citizenship....????

42 minutes ago, Tofer said:

Yes I do.

 

You obviously don't know what an investment is.

Are you saying that an average of 100% every year for the last 12 years isn't a good investment? 

Bitcoin has done better than any asset over this time. I bought BTC with retirement money I got in 2019 for 220,000 baht each. They went to over 2 million baht a year later, are now over 1.6 million, and should be much more like 50 million by the time I retire. 

2 minutes ago, ed strong said:

I know an irish guy whos lived in the UK for the past 20 years and he gets his accomodation paid for and £1,200 per month and he hasnever contributed NI or UK taxes.

 

Bizarre system!

Ex British Army guys who remained and worked on the German net are rolling in it.

 

Full Army pension (which they did't pay for during their time......okay, fair enough some of them do put their lives on the line for Queen and country).......

 

full state pension from the UK and......

 

German state pension......laughing all the way to the bank and living in the best country in the world.

55 minutes ago, bradiston said:

It wasn't the class 2 contributions, it was the absence of paying any other "contributions", eg income tax and vat. If you think that £3.05 pw covers your predicted £179 odd pw, you should have Sunak's job.

Do you think British expats in Thailand should pay tax in both counties? 

18 minutes ago, bradiston said:

I have a Thai/UK daughter. She's worked since the age of 19 when she got a part time job at Nando's while at university to supplement her grant. She's worked every day of her life since then. She's 33.

What on Earth has this got to do with anything I wrote? 

 

 

 

4 minutes ago, Will B Good said:

German state pension......laughing all the way to the bank and living in the best country in the world.

Germany is far from the best country to live in. 

16 minutes ago, Tofer said:

 

If you live in Thailand, you will never be given indefinite leave to remain, unless you get PR or Thai citizenship.

Isn't this the same on any country? 

27 minutes ago, bradiston said:

British or not, I suggest you must have devoted more than a few hours to studying the UK pension laws, to come up with the maximum benefit from minimal outlay result you seem to have achieved. I can only hope for your sake the UK parliament doesn't do what it did to us expats, and cut you out of what you consider to be rightfully yours.

You are full of wrong assumptions. 

I started working at 15 but had to pay emergency tax. I guess I was put on the tax register when I was still at school. 

I had no intention of paying back NI contributions but 15 years ago or so, I took a trip to the UK and my father(an accountant) suggested I start paying NI contributions. I maed an enquiry and they said I'd have to pay Class 3 and it was something like 7,000 pounds for 10years, which I couldn't afford. 5 years later on another trip home, I phoned the Pension people and the guy said I would qualify for the class 2 as I was self-employed here. I wrote to them again and this was accepted. I know nothing about pension laws and am insulted by your inferences. ????

20 minutes ago, Neeranam said:

You are full of wrong assumptions. 

I started working at 15 but had to pay emergency tax. I guess I was put on the tax register when I was still at school. 

I had no intention of paying back NI contributions but 15 years ago or so, I took a trip to the UK and my father(an accountant) suggested I start paying NI contributions. I maed an enquiry and they said I'd have to pay Class 3 and it was something like 7,000 pounds for 10years, which I couldn't afford. 5 years later on another trip home, I phoned the Pension people and the guy said I would qualify for the class 2 as I was self-employed here. I wrote to them again and this was accepted. I know nothing about pension laws and am insulted by your inferences. ????

Is that an aubergine ?

2 hours ago, Tofer said:

Fine, if you can live on 4 - 8 pounds a week. Do the calculations and see the futility of your suggestion, considering annuity returns.

this wasn't my suggestion !!!!

On 3/25/2022 at 8:59 AM, Gottfrid said:

Just to skip the petition. Sure, British pensioners are not a strain on health care or other services. However, they neither inject their money in the country that gives it to them. So, there we have the reason. And then, crying about a raise of 5,55 pound per week? That´s not very sophisticated. That´s not to be called a raise. Such things are know under the name of weekly disgraces.

5 pounds is couple of beers

2 hours ago, Tofer said:

Fine, if you can live on 4 - 8 pounds a week. Do the calculations and see the futility of your suggestion, considering annuity returns.

Annuities......daylight robbery.

53 minutes ago, Neeranam said:

You are full of wrong assumptions. 

I started working at 15 but had to pay emergency tax. I guess I was put on the tax register when I was still at school. 

I had no intention of paying back NI contributions but 15 years ago or so, I took a trip to the UK and my father(an accountant) suggested I start paying NI contributions. I maed an enquiry and they said I'd have to pay Class 3 and it was something like 7,000 pounds for 10years, which I couldn't afford. 5 years later on another trip home, I phoned the Pension people and the guy said I would qualify for the class 2 as I was self-employed here. I wrote to them again and this was accepted. I know nothing about pension laws and am insulted by your inferences. ????

Excuse my ignorance, I'm intrigued, but none of this makes any sense to me at all. If you're not fully paid up I don't see how you will get a fully paid up pension. I mean, I've figured you're what, 57? You started work while at school in the UK, aged 15, ie ~42 years ago, for 2 years, continued on through 5 years of uni, but left the country sometime in your early to mid 20s? You returned maybe 15 years ago, aged ~42 maybe, but decided not to voluntarily pay class 3, but 5 years later, presumably aged about 47, you returned and found you were eligible to pay class 2. You backpaid 10 years, to age 37 maybe, but you seem to have only paid a fraction of the stamps required, if you started payment only 10 years ago, by your estimate.

 

Of course, it's none of my business really. But as I say, it's intriguing.

 

And I can't see why you bother paying stamps if you're a Bitcoin millionaire.

 

3 hours ago, Tofer said:

You can complete the digital application, wherever you're resident, provided they have sent you the access code to your account for registration.

 

 

I never received one.... even belatedly. But as I have posted, the link to the online form would not let me in,  and I think it was because it saw I was overseas.... that was early in 2021.

54 minutes ago, Sparktrader said:

tt4343t4233t43t34t43tr314t

55 minutes ago, Sparktrader said:

5 pounds is couple of beers

@billd766 retired in 2009, full pension 400 GBP every 4 weeks.

I retired 2022, (nearly) full pension 700 GBP every 4 weeks.

 

That's more than a couple of beers!

57 minutes ago, Sparktrader said:

5 pounds is couple of beers

£5 a week scaled up by 5% pa over 10 years gets you another £5,000 a year........!!!

2 minutes ago, Will B Good said:

£5 a week scaled up by 5% pa over 10 years gets you another £5,000 a year........!!!

Thats 100 pounds a week

4 minutes ago, BritManToo said:

@billd766 retired in 2009, full pension 400 GBP every 4 weeks.

I retired 2022, (nearly) full pension 700 GBP every 4 weeks.

 

That's more than a couple of beers!

Free money

1 minute ago, Sparktrader said:

Thats 100 pounds a week

No flies on you...

Wish i could get pension

2 minutes ago, Will B Good said:

£5 a week scaled up by 5% pa over 10 years gets you another £5,000 a year........!!!

I worked out that over the next 10 years, a frozen pension would lose me about £10k at 2.5% annual increase. And I'm not even on a full one. But maybe my spreadsheeting skills are awry.

2 hours ago, Neeranam said:

are now over 1.6 million, and should be much more like 50 million by the time I retire. 

Or worth ZERO by then!

On 3/25/2022 at 7:08 PM, 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!

I followed a plan that turned out well.

Up to the age of 25 I spent everything I earned; after all, you're only young once.

From 25 to 30 I saved something, it didn't matter how small, it was to instill the habit of saving.

After 30, I saved as much as I could.

 

I'm now invested in high dividend companies within ETFs. Each year I'm making between 5% to 8%.

 

The lesson here, is that you have to start saving early. Starting at 50 isn't really good enough, though every bit helps.

 

P.S. I don't get a pension as I never paid in. I thought I would do better myself by investing those contributions.

2 minutes ago, Sparktrader said:

Just ants

ßloody ants.........had to put my McVities Digestives in the fridge.......anywhere else and they just stream in and find them

3 minutes ago, Sparktrader said:

Wish i could get pension

Start a shares ISA, if it gets full stick the overflow into a SIPP.

2 minutes ago, DezLez said:

Or worth ZERO by then!

Never happen.