If you spend 180+ days in Thailand and are therefore a Thai tax resident, the key questions are what type of UK pension you receive (State Pension, private pension, civil service, military, etc.) and whether those funds are remitted into Thailand. The UK–Thailand Double Tax Agreement does not automatically exempt all UK pensions from Thai taxation, and for many ordinary UK pensions the treaty actually gives Thailand the taxing rights once you are resident here. Wise is really just a transfer mechanism and does not itself determine whether tax is due. Also worth noting that under Thailand Revenue Department Ministerial Directives Por.161/2566 and Por.162/2566, funds that can be demonstrated to be savings accumulated before 1 January 2024 are generally not treated in the same way as foreign income earned from 2024 onwards when remitted to Thailand and may not be subject to Thai tax. Therefore, if you have clearly identifiable pre-1 January 2024 savings in the UK, it may be worth considering whether using those funds for transfers to Thailand is more advantageous than remitting current pension income. As always, the details of your individual circumstances and pension type are important
Create an account or sign in to comment