UK pensions

[sandyf]

12 hours ago, evadgib said:

 

I also used the phrase 'automated service' which surely needed no further explanation...

I suspect your post was quite correct. International bank transfers were being made long before the internet, known as 'wires' or 'telegraphic transfers', using the telephone network.

In the modern computer age it wouldn't surprise if it has not all been integrated into the internet network.

[Oxx]

13 minutes ago, sandyf said:

Worldlink is not an alternative to SWIFT, just a specialised service that would use SWIFT to actually move the funds. As far as I am aware SWIFT is still the only global routing system

 

Wrong.  Worldlink uses Citibank's private network infrastructure - not SWIFT.  Citibank thus avoids paying SWIFT fees on transactions.

 

(You can, however, use SWIFT to send instructions to Worldlink.)

[evadgib]

8 minutes ago, Oxx said:

 

Wrong.  Worldlink uses Citibank's private network infrastructure - not SWIFT.  Citibank thus avoids paying SWIFT fees on transactions.

 

(You can, however, use SWIFT to send instructions to Worldlink.)

How about explaining how Bank Holidays interfere with transactions that are underway? Are computers on holiday too?

[Oxx]

31 minutes ago, evadgib said:

How about explaining how Bank Holidays interfere with transactions that are underway? Are computers on holiday too?

 

Computers require computer operators.  The computer operators are on holiday.

 

Plus, having down time on national holidays allows for software maintenance at a time which will minimally impact Americans.

[evadgib]

In an era where ATMs can process withdrawals worldwide in seconds I am not entirely convinced although I realise their rates are far less user friendly.

[Oxx]

10 minutes ago, evadgib said:

In an era where ATMs can process withdrawals worldwide in seconds I am not entirely convinced although I realise their rates are far less user friendly.

 

ATMs are with some banks programmed to allow withdrawals without checking whether the funds are available with the home bank when they can't connect to the central computer.

 

This actually allows for a particular type of ATM theft:  get a card in a fake name, then sever all the data cables connecting the ATM, then you can withdraw up to the ATM limit.

[nontabury]

Over the last few yrs we have seen figures branded about,regarding the estimated saving by the British government when a pensioner moves to another country,especially one where the state pension is frozen. The figures is usually around £4000 pa,based on the savings on medical care etc.

. This got me thinking,how much could I cost the government if I were to return to the UK with my Thai wife and two British children. Admittedly my circumstances may not be average,although I believe there are others on this thread, whose particulars are not too dissimular.

      Firstly if I were to Show my various pensions came to £15,000 per annum, and then showed a figure of £7,999 cash in the bank. This should cover my wife's settlement visa. So on arrival in the UK and being able to show my intentions  were to perminately return to the U.K. I would be entittled to immediately claim the following.

 

 Child tax rebate, at £65 per child per week                                          £130,00   Wk

 Child Allowance for Two.                                                                             35,00.  Wk

 

 Houseing benefits, up to                                                                           350,00. Mth

 help with council tax, say                                                                       1,000,00. Yr

Increase in my frozen state pension.                                                    1,000,00. Yr

 

This makes a total of £15,000 pa I am saving the government.

 

then add any medical / dental cost for myself and two children, that would be covered by the NHS.

 

then add state education for two children at £9,000 per child per annum.

 

then add the cost of two children gaining a grant/ none repayable loan at entry to university, £9,000 per child, per year over 3yrs or more.

 

so you can see how Joe Plonker here who has never claimed any state benefits, (what a muggings)  is still saving the government a great deal of money, while remaining in Thailand paying International school fees of 800,000 bht and expecting to finance UK  university fees at £9,000 pa per child, plus An extra 50% due to not being a UK resident.

Therefore in my instance, I am saving the government a great deal more than Just £4,000 pa. While all this time the Government is refusing to pay me and YOU, the small annually state pension increase which we should be entittled to after paying N.I. and income tax for all our lives. 

  How can the government get away with treating British citizens like this?

  Well it's easy, they know that while we grumble about the unfairness that they have created,they also know that we will Not up-camp and return to the UK. If they thought we would, they would soon relent,knowing that the alternative would be state bankruptcy.

 

[evadgib]

On top of that the HMF recruiting staff recently stated that passport holders that are dual nationals born and living abroad must first reside in UK for a full five years before being able to join any of the services. Joining at 16 or 18 is easy enough but how many British 21-23 year olds are without wife, job, mortgage, kids and what are dual nationals expected to do in that time? 

 

Any that are eligible for national service here may as well do it properly on a decent wage & with excellent opportunities re trade and education.

 

(On topic as several pensions are involved!)

[SgtRock]

1 hour ago, nontabury said:

Firstly if I were to Show my various pensions came to £15,000 per annum, and then showed a figure of £7,999 cash in the bank.

 

If you can show that amount of money.

 

The only thing you will potentially pick up is related to your kids.

 

You will not pick up a red cent in any other benefits of any description.

 

Welcome to the world of being shafted 

[sandyf]

5 hours ago, Oxx said:

 

Wrong.  Worldlink uses Citibank's private network infrastructure - not SWIFT.  Citibank thus avoids paying SWIFT fees on transactions.

 

(You can, however, use SWIFT to send instructions to Worldlink.)

Obviously you are perfectly free to believe what you want.

SWIFT is one of several routing protocols, in some areas there is a choice, others SWIFT is the only option.

 

• By transmitting a payment order to Citi you can easily initiate a funds transfer request using either WorldLink through CitiDirect® Online Banking, WorldLink through File Transmission or WorldLink via SWIFT™.

[sandyf]

2 hours ago, nontabury said:

Over the last few yrs we have seen figures branded about,regarding the estimated saving by the British government when a pensioner moves to another country,especially one where the state pension is frozen. The figures is usually around £4000 pa,based on the savings on medical care etc.

. This got me thinking,how much could I cost the government if I were to return to the UK with my Thai wife and two British children. Admittedly my circumstances may not be average,although I believe there are others on this thread, whose particulars are not too dissimular.

      Firstly if I were to Show my various pensions came to £15,000 per annum, and then showed a figure of £7,999 cash in the bank. This should cover my wife's settlement visa. So on arrival in the UK and being able to show my intentions  were to perminately return to the U.K. I would be entittled to immediately claim the following.

 

 Child tax rebate, at £65 per child per week                                          £130,00   Wk

 Child Allowance for Two.                                                                             35,00.  Wk

 

 Houseing benefits, up to                                                                           350,00. Mth

 help with council tax, say                                                                       1,000,00. Yr

Increase in my frozen state pension.                                                    1,000,00. Yr

 

This makes a total of £15,000 pa I am saving the government.

 

then add any medical / dental cost for myself and two children, that would be covered by the NHS.

 

then add state education for two children at £9,000 per child per annum.

 

then add the cost of two children gaining a grant/ none repayable loan at entry to university, £9,000 per child, per year over 3yrs or more.

 

so you can see how Joe Plonker here who has never claimed any state benefits, (what a muggings)  is still saving the government a great deal of money, while remaining in Thailand paying International school fees of 800,000 bht and expecting to finance UK  university fees at £9,000 pa per child, plus An extra 50% due to not being a UK resident.

Therefore in my instance, I am saving the government a great deal more than Just £4,000 pa. While all this time the Government is refusing to pay me and YOU, the small annually state pension increase which we should be entittled to after paying N.I. and income tax for all our lives. 

  How can the government get away with treating British citizens like this?

  Well it's easy, they know that while we grumble about the unfairness that they have created,they also know that we will Not up-camp and return to the UK. If they thought we would, they would soon relent,knowing that the alternative would be state bankruptcy.

 

You are quite right in principle but a bit out on your figures. You would need to be above the benefit level, currently set at £18,600 per annum to be able to apply for the settlement visa.

There seems to be a head in the sand attitude to the possibility of expats returning in significant numbers.

[Oxx]

1 hour ago, sandyf said:

7 hours ago, Oxx said:

 

Wrong.  Worldlink uses Citibank's private network infrastructure - not SWIFT.  Citibank thus avoids paying SWIFT fees on transactions.

 

(You can, however, use SWIFT to send instructions to Worldlink.)

Obviously you are perfectly free to believe what you want.

SWIFT is one of several routing protocols, in some areas there is a choice, others SWIFT is the only option.

 

• By transmitting a payment order to Citi you can easily initiate a funds transfer request using either WorldLink through CitiDirect® Online Banking, WorldLink through File Transmission or WorldLink via SWIFT™.

 

And you are perfectly free to be egregiously wrong.

 

Reread what I wrote, specifically "You can, however, use SWIFT to send instructions to Worldlink", and what you wrote "you can easily initiate a funds transfer request... via SWIFT™".

 

It's only the sending of the initial instruction to Citibank that can be through SWIFT; the actual transfer is done via Citibank's private network.

[chiang mai]

4 hours ago, nontabury said:

Over the last few yrs we have seen figures branded about,regarding the estimated saving by the British government when a pensioner moves to another country,especially one where the state pension is frozen. The figures is usually around £4000 pa,based on the savings on medical care etc.

. This got me thinking,how much could I cost the government if I were to return to the UK with my Thai wife and two British children. Admittedly my circumstances may not be average,although I believe there are others on this thread, whose particulars are not too dissimular.

      Firstly if I were to Show my various pensions came to £15,000 per annum, and then showed a figure of £7,999 cash in the bank. This should cover my wife's settlement visa. So on arrival in the UK and being able to show my intentions  were to perminately return to the U.K. I would be entittled to immediately claim the following.

 

 Child tax rebate, at £65 per child per week                                          £130,00   Wk

 Child Allowance for Two.                                                                             35,00.  Wk

 

 Houseing benefits, up to                                                                           350,00. Mth

 help with council tax, say                                                                       1,000,00. Yr

Increase in my frozen state pension.                                                    1,000,00. Yr

 

This makes a total of £15,000 pa I am saving the government.

 

then add any medical / dental cost for myself and two children, that would be covered by the NHS.

 

then add state education for two children at £9,000 per child per annum.

 

then add the cost of two children gaining a grant/ none repayable loan at entry to university, £9,000 per child, per year over 3yrs or more.

 

so you can see how Joe Plonker here who has never claimed any state benefits, (what a muggings)  is still saving the government a great deal of money, while remaining in Thailand paying International school fees of 800,000 bht and expecting to finance UK  university fees at £9,000 pa per child, plus An extra 50% due to not being a UK resident.

Therefore in my instance, I am saving the government a great deal more than Just £4,000 pa. While all this time the Government is refusing to pay me and YOU, the small annually state pension increase which we should be entittled to after paying N.I. and income tax for all our lives. 

  How can the government get away with treating British citizens like this?

  Well it's easy, they know that while we grumble about the unfairness that they have created,they also know that we will Not up-camp and return to the UK. If they thought we would, they would soon relent,knowing that the alternative would be state bankruptcy.

 

 

Even if we took those numbers as being accurate and complete, which they are not, it would still mean that you were more economically active onshore than offshore since you would spend at least your entire pension every year plus you and/or your wife would (have to) seek employment. So, assuming your 15k of pension is all non-taxable currently, because you had moved it offshore, it all of a sudden became taxable thus you are once again contributing to the UK economy, despite your 14.8k of presumed/alleged benefits which you may or may not get, at those levels or at another level entirely.

[nontabury]

1 hour ago, sandyf said:

You are quite right in principle but a bit out on your figures. You would need to be above the benefit level, currently set at £18,600 per annum to be able to apply for the settlement visa.

There seems to be a head in the sand attitude to the possibility of expats returning in significant numbers.

 

 

Your figure of £18600 is correct, OR a cash amount,I think about £62,000. However you are allowed to use a combination of the two, that is why I entered 15,000, thus gaining extra benefits at the other end.and quoting a figure of £7,999,which is cash that you are allowed to have and still claim certain benefits.

      We cannot blame the UK authorities for their attitude,as they know full well that there will never be a mass return of ex-pats,more's the pity.

[nontabury]

3 hours ago, SgtRock said:

 

If you can show that amount of money.

 

The only thing you will potentially pick up is related to your kids.

 

You will not pick up a red cent in any other benefits of any description.

 

Welcome to the world of being shafted 

 

Basically you are right,it all seems to depend on having children.

I tweeked the figures. In regards to child tax benefits,I first entered as income £18600( wife visa) this would create £400 per month in child tax benefits, so I then entered £15000 income, this increased tax credits to £470 per month.

  In relation to housing benifits, the figure I quoted could be even higher if the two children were of a certain age and of opposite sex.

  In relation to the amount in cash,I quoted £7,999.00 knowing that certain benifits can still be obtained with that  figure. It would also be possible to show a lower income then offset with a higher cash figure( again in order to obtain a wife's visa)

  Then on returning to the UK, spend some of that cash on basic essentials until your cash dwindles below £ 8,000.00.

 

  

[nontabury]

1 hour ago, chiang mai said:

 

Even if we took those numbers as being accurate and complete, which they are not, it would still mean that you were more economically active onshore than offshore since you would spend at least your entire pension every year plus you and/or your wife would (have to) seek employment. So, assuming your 15k of pension is all non-taxable currently, because you had moved it offshore, it all of a sudden became taxable thus you are once again contributing to the UK economy, despite your 14.8k of presumed/alleged benefits which you may or may not get, at those levels or at another level entirely.

 

 

C.M.   I'm not at all surprised at your attitude especially as in another thread " uk pensions what is the minimum" you state that most of these benifits cannot be claimed until you have resided in the UK for 104 wks out of the previous 156wks.

 

               If a returnee were to show pensions of £15000 pa then they would have to pay tax on part of that income,exactly as they would if they remain in Thailand.

  If you do know of a way to place the Uk state pension off shore please do tell me.

 

 Most of my  figures can easily be checked on Gov.uk. I would add that I also went on "chat" with Gov.uk and also with speaking with a UK lawyer specializing in immigration issues.

  It is not my intention C.M. To encourage people to take advantage of the system,but if they do good for them. What I have tried, is to show that while the government is unfairly refusing annual increases to some pensioners on the grounds of cost, they do not acknowledge the savings made by those same pensioners who after paying into the system for many years then decide to live in certain countries.

[chiang mai]

37 minutes ago, nontabury said:

 

 

C.M.   I'm not at all surprised at your attitude especially as in another thread " uk pensions what is the minimum" you state that most of these benifits cannot be claimed until you have resided in the UK for 104 wks out of the previous 156wks.

 

               If a returnee were to show pensions of £15000 pa then they would have to pay tax on part of that income,exactly as they would if they remain in Thailand.

  If you do know of a way to place the Uk state pension off shore please do tell me.

 

 Most of my  figures can easily be checked on Gov.uk. I would add that I also went on "chat" with Gov.uk and also with speaking with a UK lawyer specializing in immigration issues.

  It is not my intention C.M. To encourage people to take advantage of the system,but if they do good for them. What I have tried, is to show that while the government is unfairly refusing annual increases to some pensioners on the grounds of cost, they do not acknowledge the savings made by those same pensioners who after paying into the system for many years then decide to live in certain countries.

 

Indeed I did NOT say "most" as you have written, what I wrote was, in answer to a specific issue, is that:

 

"AND, eligibility for many benefits now requires the applicant to have been resident in the UK for the past 104 weeks out of the previous 156 weeks".

http://www.ageuk.org.uk/Documents/EN-GB/Factsheets/FS25_Returning_from_abroad_fcs.pdf?dtrk=true

 

The above from here:

AND, I did not suggest that the State Pension could be moved offshore but certainly the private portion can be. You clearly do not have 15k in State Pension although you may have a percentage of that amount in it and the remainder in private pension plans, the latter being capable of being moved off shore, the former still being allocated against your personal allowance. The point of that whole piece is that by moving back onshore your 15k becomes UK taxable and you once again become economically active once again, the effect of which offsets the benefits you might be able to receive, especially when you begin work once again.

 

 

[JB300]

 

 

Your figure of £18600 is correct, OR a cash amount,I think about £62,000. However you are allowed to use a combination of the two, that is why I entered 15,000, thus gaining extra benefits at the other end.and quoting a figure of £7,999,which is cash that you are allowed to have and still claim certain benefits.

      We cannot blame the UK authorities for their attitude,as they know full well that there will never be a mass return of ex-pats,more's the pity.

You sure? Do you have a link that confirms you can combine income & savings in the UK (I know you can in Thailand) as it's the 1st I've heard of it (& sorry to be pedantic but it's £62,500 in savings).

But your point about (as a retiree) costing UK more living there than being an expat is spot on [emoji106]

[sandyf]

15 hours ago, nontabury said:

 

 

Your figure of £18600 is correct, OR a cash amount,I think about £62,000. However you are allowed to use a combination of the two, that is why I entered 15,000, thus gaining extra benefits at the other end.and quoting a figure of £7,999,which is cash that you are allowed to have and still claim certain benefits.

      We cannot blame the UK authorities for their attitude,as they know full well that there will never be a mass return of ex-pats,more's the pity.

It is not quite that straightforward. You are right about the combination, I looked at this a while back and at 15K per annum you need 25K in the bank, with children involved you would need a bit more. You can find examples in table 7.2.4 of this document.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/525708/Appendix_FM_1_7_Financial_Requirement.pdf

[chiang mai]

17 minutes ago, sandyf said:

It is not quite that straightforward. You are right about the combination, I looked at this a while back and at 15K per annum you need 25K in the bank, with children involved you would need a bit more. You can find examples in table 7.2.4 of this document.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/525708/Appendix_FM_1_7_Financial_Requirement.pdf

 

For the example cited, I read the amount needed as being 24.8K, does that level not put the person over the means tested threshold for some of the benefits mentioned above, housing allowance for example?

 

EDIT: No I'm wrong on that amount, it seems children who are UK citizens are not counted.

[nontabury]

50 minutes ago, sandyf said:

It is not quite that straightforward. You are right about the combination, I looked at this a while back and at 15K per annum you need 25K in the bank, with children involved you would need a bit more. You can find examples in table 7.2.4 of this document.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/525708/Appendix_FM_1_7_Financial_Requirement.pdf

 

   Thanks for that link Sandy, I must admit I don't realise the amount of cash top up would be that large, that's if we've correctly understood the chart on page 47.

 Therefore it would be better to show income ( pensions etc ) at a figure of £ 18,600 P.a. While not showing any cash. This would then reduce your entitlement to child tax credit by £ 70 per calendar month, as per my post Post 2543.

  As regards children,if they have British citizenship there is no requirement to show any extra income or cash,as they would be gaining entry on their citizenship and therefore do not need sponsoring.

[nontabury]

15 hours ago, chiang mai said:

 

Indeed I did NOT say "most" as you have written, what I wrote was, in answer to a specific issue, is that:

 

"AND, eligibility for many benefits now requires the applicant to have been resident in the UK for the past 104 weeks out of the previous 156 weeks".

http://www.ageuk.org.uk/Documents/EN-GB/Factsheets/FS25_Returning_from_abroad_fcs.pdf?dtrk=true

 

The above from here:

AND, I did not suggest that the State Pension could be moved offshore but certainly the private portion can be. You clearly do not have 15k in State Pension although you may have a percentage of that amount in it and the remainder in private pension plans, the latter being capable of being moved off shore, the former still being allocated against your personal allowance. The point of that whole piece is that by moving back onshore your 15k becomes UK taxable and you once again become economically active once again, the effect of which offsets the benefits you might be able to receive, especially when you begin work once again.

 

 

 

I assumed that all a applicants pensions would be taxable,as they are when you reside in Thailand. In fact I din't realise that private pensions could  be placed off shore,except for Qrops. 

    Most if not all of these benifits do not require an applicant to be resident in the UK for the previous 104wks out of 156 wks.

    You mentioned in your post 2541 that " you and/or wife would (  have to ) seek employment".  Can you please post a government link were this is stated. As I am under the assumption that there is no such requirement for a state pensioner to have to return to work. Furthermore in regards to a wife, who has gained an entry visa, by virtue of sponsorship from her husbands, £18,600 pa. income. Again I am under the assumption that as she would not be entittled to any State financial support,relying solely on her husbands declared income and possible her private savings, that again she would not HAVE to seek employment. Furthermore I think I have read somewhere, that if the sponsored wife/husband did in fact take up employment of no more than 16hrs,this earnings would not effect the families benefits. Therefore if she/he gained employment at the minimum wage of £7.20 hr, the families income would be increased by a further £112 per week without effecting the state benifits.

[sandyf]

4 hours ago, chiang mai said:

 

For the example cited, I read the amount needed as being 24.8K, does that level not put the person over the means tested threshold for some of the benefits mentioned above, housing allowance for example?

 

EDIT: No I'm wrong on that amount, it seems children who are UK citizens are not counted.

The figure I mentioned was irrespective of any children. The calculation appears to be as follows.

Required Income - £18,600, Actual Income = £15,000 then shortfall = £3,600

Cash savings required  £3,600 x 2.5 = £9000 ( this equates to the 2.5 years for initial visa)

During the initial period the first £16000 of savings do not count so the total cash savings required is

£16000 + £9000 = £25000. 

[vogie]

I have just started my 2015 - 2016 self assessment report, my state pension and my private pension equate to about £12000, I know this is over the allowance but the house I rent out made a loss of about £1500, should the house loss be deducted from the pension gain.

[Jip99]

8 minutes ago, vogie said:

I have just started my 2015 - 2016 self assessment report, my state pension and my private pension equate to about £12000, I know this is over the allowance but the house I rent out made a loss of about £1500, should the house loss be deducted from the pension gain.

 

 

Unfortunately, the property loss cannot be offset against personal income.

 

It can be carried forward against possible future profits from the property rental.

[JB300]

I have just started my 2015 - 2016 self assessment report, my state pension and my private pension equate to about £12000, I know this is over the allowance but the house I rent out made a loss of about £1500, should the house loss be deducted from the pension gain.

I don't think it can be offset (unless you're renting your property out as a registered business).

I have to ask, how did you manage to lose money on renting your house out? Only thing I can think off is that you spent money on the property which needs to be taken into consideration.

[vogie]

8 minutes ago, JB300 said:

 

 

I don't think it can be offset (unless you're renting your property out as a registered business).

I have to ask, how did you manage to lose money on renting your house out? Only thing I can think off is that you spent money on the property which needs to be taken into consideration.
 

 

 

 

The tenent that rents the property gets her money from the council. The council sent an inspector to the house and found about £1580 worth of problems.

The letting agents took the money for the repairs off the rent leaving me with £2845 to bank, the mortgage and management fees totalled about £2300, repairs £1580.

[nontabury]

On September 11, 2016 at 2:49 PM, sandyf said:

The figure I mentioned was irrespective of any children. The calculation appears to be as follows.

Required Income - £18,600, Actual Income = £15,000 then shortfall = £3,600

Cash savings required  £3,600 x 2.5 = £9000 ( this equates to the 2.5 years for initial visa)

During the initial period the first £16000 of savings do not count so the total cash savings required is

£16000 + £9000 = £25000. 

 

As a matter of interest it would seem that you can splash out the £25,000 cash you returned with, and then be entitled to many benefits,or at least that's what one French/ Cameroon man did on moving into the UK, according to an article in today's UK papers. Another strange quirk I've found,is that you cannot claim child allowance   

Until you've been in the UK 3months.with a few exceptions, such as being a citizen of Croatia or a refugee. Seemingly Our government can afford all these perks for none contributors into the N.I. And income tax, yet still refuses to upgrade state pensions to British citizens who happen to live in certain countries.

[chiang mai]

On 11/09/2016 at 1:10 PM, nontabury said:

 

I assumed that all a applicants pensions would be taxable,as they are when you reside in Thailand. In fact I din't realise that private pensions could  be placed off shore,except for Qrops. 

    Most if not all of these benifits do not require an applicant to be resident in the UK for the previous 104wks out of 156 wks.

    You mentioned in your post 2541 that " you and/or wife would (  have to ) seek employment".  Can you please post a government link were this is stated. As I am under the assumption that there is no such requirement for a state pensioner to have to return to work. Furthermore in regards to a wife, who has gained an entry visa, by virtue of sponsorship from her husbands, £18,600 pa. income. Again I am under the assumption that as she would not be entittled to any State financial support,relying solely on her husbands declared income and possible her private savings, that again she would not HAVE to seek employment. Furthermore I think I have read somewhere, that if the sponsored wife/husband did in fact take up employment of no more than 16hrs,this earnings would not effect the families benefits. Therefore if she/he gained employment at the minimum wage of £7.20 hr, the families income would be increased by a further £112 per week without effecting the state benifits.

 

God but you make it slow going some times!

 

I don't know what you think QROPS is but it is intended for private pension schemes, here read up on it:

 

https://en.wikipedia.org/wiki/Qualifying_Recognised_Overseas_Pension_Scheme

 

And that's "have to" as in would seriously want to given the relatively low income level versus the cost of living. Please try harder in future!

[nontabury]

2 hours ago, chiang mai said:

 

God but you make it slow going some times!

 

I don't know what you think QROPS is but it is intended for private pension schemes, here read up on it:

 

https://en.wikipedia.org/wiki/Qualifying_Recognised_Overseas_Pension_Scheme

 

And that's "have to" as in would seriously want to given the relatively low income level versus the cost of living. Please try harder in future!

 

Nice try C.M. Failed again by being unable to supply a link, instead now states due to low level of income. Many families in the UK do not have that income, this I thought you would have been aware of,what with you being the son of a Mill Owner from Dewsbury, they instead rely on state benefits. In fact even if the family showed an income of £25,000 they could still claim many benifits including £200 monthly for child tax credits. And all the time the government are telling us that there is no money to pay the annual increase to some state pensioners,due to where they reside in the world.