Bobydog Posted April 27 Share Posted April 27 13 hours ago, dinsdale said: It's an insane policy. Getting an Australian pension overseas is also insane. Apart from this once again this AI article lacks any editing demonstated in the subheading. It would seem all foreigners no matter what nationality are "beginning to feel a financial strain due to the UK government's pension freeze policy." Australian pension policy is simple in that if you do not own a residence in Australia and don't live in Aus but reside in Thailand, then your Australian pension will be taxed at 35% as un earned income. That totally killed my aspirations. Link to comment Share on other sites More sharing options...
Bobydog Posted April 27 Share Posted April 27 13 hours ago, dinsdale said: It's an insane policy. Getting an Australian pension overseas is also insane. Apart from this once again this AI article lacks any editing demonstated in the subheading. It would seem all foreigners no matter what nationality are "beginning to feel a financial strain due to the UK government's pension freeze policy." Australian pension policy is simple in that if you do not own a residence in Australia and don't live in Aus but reside in Thailand, then your Australian pension will be taxed at 35% as un earned income. That totally killed my aspirations. Link to comment Share on other sites More sharing options...
bigt3116 Posted April 27 Share Posted April 27 15 hours ago, snoop1130 said: John Jones, 77, had enjoyed a lively international lifestyle but now, due to the frozen pension policy, his retirement plans are suffering. Residing in rural Thailand, Jones struggles with a heart condition adding to his financial woes. He moved here knowing that his only income would be 75GBP per week for the rest of his life, how is that the government's fault? 1 Link to comment Share on other sites More sharing options...
delh Posted April 27 Share Posted April 27 15 minutes ago, csmith said: UK maximum pension for a single person who paid the full contributions over their working life is Baht 20,000 a month I know … as that is me! Whilst im not drawing mine yet, information from uk government is that mine will be 33000@ 46 baht/ pound Link to comment Share on other sites More sharing options...
sandyf Posted April 27 Share Posted April 27 8 minutes ago, delh said: I'd paid in the full 35 years, now, im 4 years short of full entitlement. There was a time when it was 44 years of contributions. A friend of mine who had been made redundant had made his up with voluntary contributions and when they suddenly dropped it to 30 years he wrote and asked for a refund. Doesn't take much to guess the reply. 1 Link to comment Share on other sites More sharing options...
scorecard Posted April 27 Share Posted April 27 5 minutes ago, Bobydog said: Australian pension policy is simple in that if you do not own a residence in Australia and don't live in Aus but reside in Thailand, then your Australian pension will be taxed at 35% as un earned income. That totally killed my aspirations. Really? Link to comment Share on other sites More sharing options...
csmith Posted April 27 Share Posted April 27 Link to comment Share on other sites More sharing options...
Popular Post Kinok Farang Posted April 27 Popular Post Share Posted April 27 40 minutes ago, BerndD said: As a German, I receive my pension in my Thai bank account, usually 3-4 days earlier than pensioners in Germany. In July 2024, like every other pension recipient, I will receive a pension increase of 4.57%. If I die, my Thai wife can receive a widow's pension from the German state equal to 40% of my pension. Requirement: the widow must be at least 46 years old and the marriage must have lasted, I believe, for 6 years. There are no restrictions on pension receipt for Germans who live abroad permanently. Sigh,i wish you had won the war. 2 1 Link to comment Share on other sites More sharing options...
csmith Posted April 27 Share Posted April 27 1 Link to comment Share on other sites More sharing options...
Neeranam Posted April 27 Share Posted April 27 29 minutes ago, csmith said: UK maximum pension for a single person who paid the full contributions over their working life is Baht 20,000 a month I know … as that is me! Mine is forecast at 29,000. Link to comment Share on other sites More sharing options...
Popular Post Cabradelmar Posted April 27 Popular Post Share Posted April 27 15 hours ago, snoop1130 said: this policy has been in place for over 70 years. If you're caught off guard by this then you are not paying attention. No one but yourself to blame. 1 1 2 Link to comment Share on other sites More sharing options...
Irons Posted April 27 Share Posted April 27 1 hour ago, baansgr said: But when you leave, I believe it goes back to the original time and amount when you left the country I never new that Link to comment Share on other sites More sharing options...
simple1 Posted April 27 Share Posted April 27 14 hours ago, worgeordie said: it's called inflation , Brexit did not help , Then Covid , ,I don't think anyone thought things would turn out like this , I am still on 90 quid a week ,good job I don't need it as provided for myself before retiring at 42 , But I can feel for those relying here on pension only, no way will we get any relief from the British Government ,too busy looking after immigrants. regards Worgeordie Immigrants from outside the EU countries made a net fiscal contribution of about £5.2 billion, thus paying into the system about 3% more than they took out. In contrast, over the same period, natives made an overall negative fiscal contribution of £616.5 billion. https://www.ucl.ac.uk/economics/about-department/fiscal-effects-immigration-uk#:~:text=Immigrants from outside the EU,contribution of £616.5 billion. 2 Link to comment Share on other sites More sharing options...
Pouatchee Posted April 27 Share Posted April 27 3 hours ago, jfeigel said: ...I don't know if that is the case with Canada... sadly, yes.check out lverpool lou's link. Kanada sucks Link to comment Share on other sites More sharing options...
Ralf001 Posted April 27 Share Posted April 27 25 minutes ago, Kinok Farang said: Don't you mean "i'm alright Jack"? I dont know what that means. 1 Link to comment Share on other sites More sharing options...
terryofcrete Posted April 27 Share Posted April 27 13 hours ago, Burma Bill said: For reference - not only Thailand where UK State Pension is frozen but also Burma, Cambodia, Laos, Malaysia, Singapore and Vietnam in this part of the World. My UK State Pension is frozen at 102 GBP per week, the same as 15 years ago! Fortunately I get two indexed linked police pensions in addition. Full list: https://www.britishpensions.org.au/archive/frozenindexed.htm Wow... that's not a lot ...In Ireland get €299 a week .. includes living alone allowance... 1 Link to comment Share on other sites More sharing options...
simple1 Posted April 27 Share Posted April 27 21 minutes ago, Bobydog said: Australian pension policy is simple in that if you do not own a residence in Australia and don't live in Aus but reside in Thailand, then your Australian pension will be taxed at 35% as un earned income. That totally killed my aspirations. I believe you're misinformed. Oz Age Pension is payable in full, according to compliance criteria, whilst living in Thailand. Link to comment Share on other sites More sharing options...
Chongalulu Posted April 27 Share Posted April 27 2 hours ago, fasteddie said: Oh William Hague said so did he? Did he mention that many people die before ever receiving their pension, the pension that they and their employers paid for all their working lives? Where do those pension contributions go then? William Hague indeed 😂 Another post based on ignorance. Your occupational pension fund should you die before claiming it will be paid in full to your nominated beneficiary (usually wife) and tax free. Even if you die while receiving it often 50% of your normal payments will go to your spouse until her demise under most schemes. The state pension which is entirely separate if you die before retirement age will simply not be paid under current rules. There may separately be widows benefits but your pension is exclusive to you. The real issue is that many more people are living considerably longer than when the actuarial tables were drawn up ,hence the increase in retirement ages. But generally not enough was paid in NI to cover the real costs. Link to comment Share on other sites More sharing options...
Stanton681 Posted April 27 Share Posted April 27 1 hour ago, Wobblybob said: I don't, it is hearsay! It’s not. I know 2 Brits here in Isaan who were caught and are having to repay overpayment. Worse is that they’ve had their pensions revert to the amount they received when they moved to Thailand. Link to comment Share on other sites More sharing options...
sometime Posted April 27 Share Posted April 27 21 minutes ago, Cabradelmar said: If you're caught off guard by this then you are not paying attention. No one but yourself to blame. When we moved from the UK to Thailand in 2005 we had no idea of the frozen pension,it wasn't forecast far and wide Its only because of the Thaivisa forum that most people are now aware of the situation. We are lucky we have other means. Link to comment Share on other sites More sharing options...
simon43 Posted April 27 Share Posted April 27 The policy of freezing pensions has nothing to do with racism or discrimination. It's available to UK pensioners in those countries which have signed a double tax agreement with the UK, such as the Philippines. For whatever reason, Thailand (and Laos and ...) have not signed such an agreement, probably never even requested such an agreement with the UK. Therefore, if you want to moan at someone, moan at the Thai government for failing to request a double tax agreement with the UK! 1 Link to comment Share on other sites More sharing options...
Wobblybob Posted April 27 Share Posted April 27 6 minutes ago, Stanton681 said: It’s not. I know 2 Brits here in Isaan who were caught and are having to repay overpayment. Worse is that they’ve had their pensions revert to the amount they received when they moved to Thailand. Getting information from a third party is hearsay. 1 Link to comment Share on other sites More sharing options...
Nemises Posted April 27 Share Posted April 27 14 hours ago, dinsdale said: Getting an Australian pension overseas is also insane Why? AU pensioners in TH get CPI increases. Link to comment Share on other sites More sharing options...
Stanton681 Posted April 27 Share Posted April 27 3 minutes ago, Wobblybob said: Getting information from a third party is hearsay. This isn’t 3rd party info, these 2 situations are genuine. Link to comment Share on other sites More sharing options...
maechanman Posted April 27 Share Posted April 27 2 hours ago, delh said: How, exactly, didn't Brexit help? It certainly didn't help the currency exchange rate, £ dropped like a stone after the vote to leave, it has never recovered to pre Brexit levels. Link to comment Share on other sites More sharing options...
herfiehandbag Posted April 27 Share Posted April 27 (edited) 1 hour ago, Neeranam said: Oh dear, if you hang around prostitutes, you'll know a soapy massage costs around £50. How much would you pay in the UK? We learn so much, as members of Asia Now don't we! Edited April 27 by herfiehandbag 1 Link to comment Share on other sites More sharing options...
BritManToo Posted April 27 Share Posted April 27 10 minutes ago, Stanton681 said: This isn’t 3rd party info, these 2 situations are genuine. Let's see the court decision letter! But we all know there wasn't one. 2 Link to comment Share on other sites More sharing options...
Wobblybob Posted April 27 Share Posted April 27 7 minutes ago, Stanton681 said: This isn’t 3rd party info, these 2 situations are genuine. Look Stanton I know you mean well and are trying to help but what your friends tell you is not classed as factual evidence, it is classed as hearsay. Link to comment Share on other sites More sharing options...
NanLaew Posted April 27 Share Posted April 27 15 hours ago, Ralf001 said: Wow ok 24yrs ago. Sounds like piss poor planning from those whinging about it now ! Agreeed. Since it was promulgated by a Labour (Blair) government, I doubt there's much chance of a Labour (Starmer) government repealing it. So, I am looking forward to having my stab at the "frozen pension whinge" in about ten tears time. Link to comment Share on other sites More sharing options...
Will27 Posted April 27 Share Posted April 27 40 minutes ago, simple1 said: I believe you're misinformed. Oz Age Pension is payable in full, according to compliance criteria, whilst living in Thailand. I assume he's talking about getting taxed as a non-resident. Link to comment Share on other sites More sharing options...
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