UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud

[jori123]

The freezing of OAP is a policy that the govt undertakes every year,it is not enshrined in law,not unlawful to receive unfrozen pension in th,DWP regulations are carried out by IPC, know U are in th wil freeze 

[transam]

6 hours ago, jori123 said:

Best you can do?  .You really do sound like an 81 year old git ,which you are , and has lost his marbles. Think it's time to take up flying lessons  " no greater love hath a frozen pensioner given,than to lay down his own frozen pension to the benefit of unfrozen pensioners "

Oh dear, is it that cold over there, chap, never mind, a few more months, and you can be off to Scunthorpe, hankie on head, fish & chip's in newspaper in your deck chair on the beach.....

[Will B Good]

14 hours ago, 503726 said:

Hi Will

 

Are there any caveat catches about the drawdown being taken in the Uk by a UK resident or to a UK bank? 

 

My question is whether the first 25% drawdown would become liable to taxation by virtue of someone claiming it to overseas for payment into an overseas account while being not resident in the UK. I can't get my docs lined up without running through that tortuous route, I'm afraid.

 

An advisor from the government Pension Wise service suggested I find check around - the guidance isn't easy so there is no substitute for experience.   

 

Thanks v much

 

I would have said not from the UK's end.....I guess it depends where you withdraw it to and under what circumstances, as to whether it then becomes taxable in another country.

 

Sorry, not much help!

[melonf]

Plans for mass surveillance of UK bank accounts of those claiming benefits (maybe including state pensions) have been in the BBC news again after the government have added the idea to suspend the driving licence of benefit cheats. The news item includes a few statements about the new law proposal that will concern UK expats living in Thailand whilst maintaining a UK based address for their pension (so as to avoid the disgraceful UK policy of not increasing pensions for inflation for many of not most pensioners living abroad).

The BBC report includes:

"The plans  include new powers to force banks to hand over account information about benefit claimants to help target investigations, echoing a scheme announced by the previous Conservative government.

An official assessment of the law said the system would be "fully automated, running within existing banking systems" and be rolled out gradually from 2027.

Labour has pledged that only "very limited information" will be shared with the department under its equivalent plan, but is yet to set out in detail how its system will work.

DWP minister Andrew Western confirmed last year this will include cases where claimants are "living abroad" without notifying the department, although a timeframe for this has yet to be specified.

Accounts could also be flagged if they are holding more than £16,000, the usual savings limit for being able to claim Universal Credit.

In a change from Tory plans, the government has said the new powers will not be used to target payments of the state pension.

Ministers have sought to reassure critics by emphasising that the DWP will not have powers to "access" bank accounts.

But campaigners have told the BBC they believe this is a "misdirection", as the measures would give DWP the power to instruct banks to access the information on its behalf".