UK state pension

[pokoal2000]

Hi

Just wanted to ask you a question. I have small UK pension, about 600 pounds a month. What is the most economical way to get it into Thailand? Is it better to have an account in Uk and withdraw money in Thailand using debit card, or would the pension office pay directly into Thai account every month?

[rocketboybkk]

Both are acceptable

What visa you going to get?

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[trd]

You will get a better exchange rate if you do a telegraphic transfer from UK to a Thailand account on a larger sum now and again when you need funds, rather than many small amounts from an ATM using a debit card. The fees really add up.

[n210mp]

If it is the State pension as in your header you are referring to or in fact you may also have a a private one then

In either case you can have it sent to a Thai bank account direct by the pension providers

If you are full time over here then the state pension authority will need to know and then they will stop any further yearly increases to your state pension, if a private one this obviously does not apply

If you are only coming for an holiday then I dont think it worthwhile in organising a set transfer

Edited March 16, 2016 by n210mp

[Eclipse]

The State Pension can be paid into your Thai bank account.

You get a good rate with no fees. Although the Thai bank might charge a small fee.

Edited March 16, 2016 by Eclipse

[bapoboy]

Im sorry but i have to add, is the pension only 600pound in uk? ???