Why are UK expats still doing the 800K deposit for retirement extensions ?

[quake]

1 minute ago, retarius said:

For the few hundred baht in extra income which you spend in bank fees transferring it over here, and the general hassle of doing anything in the UK from Thailand, I simply don't see any value in banking in the UK. 

Many people have uk rental income and a uk high street bank is good for that.

I use Santander offshore, as i don't have a mainland uk bank account anymore. 

 

 

[persimmon]

I think the max you could get on a 1 yr deposit is around 6 % , and that`s before tax . I get c . 5.25 % in a money market fund , but have to pay platform charges . Not that great a deal - still less than inflation .

[DrJack54]

Surely this thread is so off track.

Belongs in "business banking" forum. 

[Chongalulu]

On 9/26/2023 at 6:48 AM, 2baht said:

 

My yearly extension costs 1900 baht! 5700 baht with multiple entry!

MUCH more if you factored in the lost interest . Tried the simple calculation.?