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Taxation on UK Pensions Assets in Thailand: State Pension, SIPPs, Annuities QROPS and QNUPs

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3 hours ago, Mike Teavee said:

Non-UK Tax Residents have never been able to add additional funds...

[This was made clear to me by my ISA Provider (Barclays) & PWC when Barclays moved me to Singapore in 2008].

 

https://www.gov.uk/individual-savings-accounts/if-you-move-abroad

I live in Thailand but domiciled in UK having still own property there 

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7 minutes ago, Expat68 said:

I live in Thailand but domiciled in UK having still own property there 

Me also & I file Tax Returns there but are you Tax Resident there?

 

The simple answer is >183 days yes, <16 days No.

 

Between that it depends on how many years you’ve been Non-Tax Resident & how many “Family Ties” you have. 

E.G., I’ve been NTR for > 3 years so would need to spend at least 46 days in the UK before I even get to the “Family Ties” qualification part. 

 

13 minutes ago, Mike Teavee said:

Me also & I file Tax Returns there but are you Tax Resident there?

 

The simple answer is >183 days yes, <16 days No.

 

Between that it depends on how many years you’ve been Non-Tax Resident & how many “Family Ties” you have. 

E.G., I’ve been NTR for > 3 years so would need to spend at least 46 days in the UK before I even get to the “Family Ties” qualification part. 

 

Non Tax Resident 

On 9/5/2024 at 8:45 PM, Expat68 said:

Non Tax Resident 

Which is the relevent item.  Domicile is not (at all?) relevent to tax status or, here, ability to add to ISAs.

 

PH

Latest Earning figures released this morning from the ONS indicate a likely rise in the state pension of 4.0% from April next year , as it is highly unlikely that next months inflation figures will exceed this. 

23 hours ago, a3tsw said:

Latest Earning figures released this morning from the ONS indicate a likely rise in the state pension of 4.0% from April next year , as it is highly unlikely that next months inflation figures will exceed this. 

Doesn't help us pensioners living in LOS though does it?

 

Pleased for my 94 year old dad, he will get a bit more.

1 hour ago, ThaiPauly said:

Doesn't help us pensioners living in LOS though does it?

 

Pleased for my 94 year old dad, he will get a bit more.

I think that there are more than a few on here , to whom this news is relevant and welcome..

On 9/11/2024 at 1:39 PM, a3tsw said:

I think that there are more than a few on here , to whom this news is relevant and welcome..

Only of you are looking at it as a "potential" increase as you are not retired here yet.

 

Otherwise of course our pension is like the British Weather in winter FROZEN

21 minutes ago, ThaiPauly said:

Only of you are looking at it as a "potential" increase as you are not retired here yet.

 

Otherwise of course our pension is like the British Weather in winter FROZEN

The other option is those who have "forgotten" to inform the authorities that they no longer reside in the UK........:whistling:

16 hours ago, topt said:

The other option is those who have "forgotten" to inform the authorities that they no longer reside in the UK........:whistling:

I know a guy who "forgot" to inform the taxman of his changed status.

They caught him and he had to return it all plus interest at a high rate.

 

In the UK  the taxman usually gets his man.

 

Thailand....not so much ,but the prisons are a lot worse if you are unlucky enough to be caught evading tax I read that it's a year behind bars and a fine

 

Not worth the risk

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