Hello I am a Expat who was living for 7 years in Thailand and my UK pension was frozen, so with the cost of living rises over the last few years which have been 8 and 10 % i.e. the triple lock as it is Known would make a big difference to my income. So I decided this year to move to the Philippines and my Pension now has been updated so i get all the cost of living increases, you must stay a minimum of 185 days in the Philippines and it must be in the current tax year but it is worth it. I don't agree that we have to do this as Expats as we have paid our dues to government over the years and we are no longer a burden in using the NHS and other services. Love the show thank you!!!
Thanks for your comment , it just shows what can be done. Ive lived in Thailand for over 20 years after faithfully paying all my British National insurance contributions , so that I would get my full British retirement pension . Just because I retired to live in Thailand , Ive been punished and my British pension was frozen. Ive thought about moving to the Philippines , but always thought it would be difficult . I would love to know more .
Read BANKERS SECRET MANUAL then you understand there is no money and you actually created any loans the BANK loaned to you. YEP the fraud is unbelievable.
@@Jiggaspade If you are yet to receive your pension it will be paid at the current rate applcable at that time, but it does mean it won't be inflation proofed from that point on unless, you spend time in the UK or a reciprocal agreed country of at least 185 days. You need at least 35 years contributions to receive the full state pension inn the UK and if you were contracted out of SP2 you will not receive the new state pension.
@@barrydwyer2039 Thanks, after paying my full NI contributions all my working life and retired at 65 years of age , I moved to Thailand where Ive now been living, Ive never ever received any increase in my British state pension .
@@barrydwyer2039 Thanks, after paying my full NI contributions all my working life and retired at 65 years of age , I moved to Thailand where Ive now been living, Ive never ever received any increase in my British state pension .
These terrible UK pensioners whilst illegal migrants fleeing France and getting free hotels, food , heating, a money allowance and free to walk in the community. Money for illegal migrants but pensions that you paid in must be clawed back.
@@minethesky to what end? How does me joining those fleeing 'war torn France' heading for the English South Coast relate to the UK Govt penny pinching from it's pensioners while at the same time spending millions a day of taxpayer's money on those with no legal right to be in the country? The same Govt, who by the way, recently stopped the £300 winter fuel allowance for those receiving state pension if their incomes are over a little more than £12000 a year?
This is why I'm giving up my retirement visa and spending less than 180 days in Thailand. The so called little amendment that started in January 2024 has possible major impacts. I know it does for me. Everyone should have a look at what their home country says about living abroad.
I am not a UK pensioner. But man.... that "rule" is about as bogus as they come. Whoever developed that policy must have had their head completely shoved up the wrong place. And those in Parliament who supported it and let it slip through should be shamed. It is terribly illconceived. The savings the UK government retains versus the financial hardships it imposes on a small group of individuals is extremely off kilter. The unions and professional organizations that represented many of those pensioners should organzie and put together a strong campaing to reverse such complete nonsense. It is massively unfair.
Just chasing the normal people who live abroad on a small income but this changes immediately for diplomatic people or people who work long time in the embassies abroad: they even get a luxurios salary with all kind of benefits. The politicians wil always take care they will have enough now and when they retire!!!!
Generally, pensions are a significant expense for most developed countries, and we should not be surprised to see them try to chip away at them through one means or another.
I think the bigger issue (probably in 5-10 years) in Western countries will be the desire to keep pensioners spending their pension money in the country issuing it as they will want the economic stimulus to benefit the homeland. This is the issue I see down the line. Not saying today or tomorrow, but someday I could see this imposed. --BWH
The pension system in the U.K. makes no sense in this respect. everyone contributes while working through national insurance deducted from your salary along with income tax when you are paid. The state pension goes up every unless you live in a country without a reciprocal agreement. Simply answer is play the game if you need the increases and you are living in Thailand just take a long break in the Philippines ( the Philippines has a reciprocal agreement with the U.K.) notifying the DWP when you arrived then for stay for over I believe 190 days but you need to check first you’ll get the increase starting at the current rate set at that time. So if your pension has been frozen for 5 years say it will be paid at the amount with with the increase applied. Then just move back to Thailand. The whole reciprocal agreement thing is shameful when you have paid in your whole life but where you choose to live means you get penalised and are actually saving the U.K. government money by not accessing the NHS or using a bus pass, tv licence and all the other services available to pensioners.
Ben the reason that Australia is exempt is they are also claiming an Australian pension, so they get the British one that is at whatever the determined rate is, and then the Australian one is paid to them, less the value of British pensions ( income tested, simplified the explanation) but that is why it doesn't go up
Between the regular visa changes, talk of digital visa only, denial of bank accounts needed for a long term 1yr visa, and costs of visa runs, Thailand is prejudice against western nations. They talk about letting Russians, Chinese and Indians stay longer and allowing bank accounts. No longer the place to live as an expat as a westerner.
Why Australia, because according to available data the countries from which British expat pensioners claimed their state pension Australia is number one with 234,880 pensions being paid. If you are going to introduce a petty cost cutting measure you may as well target the biggest group possible.
I read yesterday that if a US SS recipient gives the wrong address to SS, they can be denied. There are a lot of them who live in Thailand but use a US address.
If a Australian currently living abroad, reaches pension age , 67, to receive that pension , the must return to Australia and reside there for 2 years , then can return overseas with that pension
@@PhilipMR223…not really. The Australian Govt knows automatically when you leave and when you return and adjust your pension accordingly. After 6 weeks they take off the electricity and gas subsidy ( approx $59 / week) after 180 days they can adjust your pension to reflect the number of years you paid tax in Oz. I have just spent 6 months in Vietnam so experienced this first hand. Fortunately even although I am a New Zealander I have worked 40 years in Oz so I get the full pension till the day I die. I get approx A$87/ day seven days a week and can easily live like a king in Vietnam for A$50/ day.
The Benefits received will be having the Australian GUBBERMENT minding you until you die then they raid the Birth Certificate Trust that your Executor never CLAIMED or ever know about.Yep have a look at any State issued Australian Birth Certificate your parents never sign it and the same goes for England. The Birth Certificate is not yours or you but it’s the evidence of a DECEASED Estate as the REGISTRAR who signs the Birth certificate is the overseer of PROBATED WILLS. If you are smart apply to Births Deaths and Marriages in your State and ask them for a Copy of Your Live Birth Record this will have your Mothers Signature on it , this creates the Birth Certificate about a month later and it will have a FILE Number on it. This is linked to the fraudulent Birth Certificate and is the location Number of the WILL of Probate. Also the Live Birth Record will have your true name such as Mary Jane no SURNAME ( Note well the Live Birth Record is different names in different States in NSW it’s the Original Registration Form) Welcome to the MATRIX Cheers.
The decision on the cost of living increase of the UK State Pension is decided by the British government and depends upon whether there is a dual tax agreement between the two countries. Nothing to do with the tax authorities of the resident country such as Thailand.
Sorry to be fickle, but its not a double tax agreement thats the issue (one exists between Thailand & the UK). It's officially dependent on a pension 'reciprocity' between the UK & other nations. If you look at the state pension structure in the Philippines compared to the UK, you may come to the conclusion that the 'reciprocity ' angle is a red herring.
If you rely on a state pension then they do have some reasons to control state expenses. As for America i do agree it may come to that too monies paid out in state pensions are a big cost to the gov't. An as you said we pay here we want the money spent here, there can be a good argument for that too. As a Canadian we spend more time outside the country it affects our medical in our country. We also have as you call it a state pension but i would not think you can live on it outside Canada. An as you have said you better read the full document and not cherry pick the parts you like too. Good luck hope you have a private pension to go with all that.
Upside to US Social Security is that if the Thai incoming remittance tax proposed changes are enacted and enforced next year, US social Security will be tax exempt under your Dual Taxation Agreement. Most other pensions like in UK, Australia, where pensions are tax exempt, they would be subject to tax in Thailand if you are deemed a Thai Tax Resident (over 6 months in Thailand a year). My private pension fund would be hit badly with high % of tax and would be a catalyst for me to leave Thailand. Hoping it doesn't happen but preparing for it just in case
I'm not saying I would do this if it's illegal, but how bout not telling the US govt that you are living abroad, while your SS benefits are deposited in a stateside bank account?
Incorrect. Uk tax regulations are that income arising in the UK is taxable irrespective of residency status. This includes pensions, and rent derived from property in the UK.
I wouldn't put it past the U.S. government to pass a bill revoking all of your SS benefits let alone the COLA increase if you live in a foreign country.
Hello I am a Expat who was living for 7 years in Thailand and my UK pension was frozen, so with the cost of living rises over the last few years which have been 8 and 10 % i.e. the triple lock as it is Known would make a big difference to my income. So I decided this year to move to the Philippines and my Pension now has been updated so i get all the cost of living increases, you must stay a minimum of 185 days in the Philippines and it must be in the current tax year but it is worth it. I don't agree that we have to do this as Expats as we have paid our dues to government over the years and we are no longer a burden in using the NHS and other services. Love the show thank you!!!
Thanks for your comment , it just shows what can be done. Ive lived in Thailand for over 20 years after faithfully paying all my British National insurance contributions , so that I would get my full British retirement pension . Just because I retired to live in Thailand , Ive been punished and my British pension was frozen. Ive thought about moving to the Philippines , but always thought it would be difficult . I would love to know more .
Read BANKERS SECRET MANUAL then you understand there is no money and you actually created any loans the BANK loaned to you. YEP the fraud is unbelievable.
@@Jiggaspade If you are yet to receive your pension it will be paid at the current rate applcable at that time, but it does mean it won't be inflation proofed from that point on unless, you spend time in the UK or a reciprocal agreed country of at least 185 days.
You need at least 35 years contributions to receive the full state pension inn the UK and if you were contracted out of SP2 you will not receive the new state pension.
@@barrydwyer2039 Thanks, after paying my full NI contributions all my working life and retired at 65 years of age , I moved to Thailand where Ive now been living, Ive never ever received any increase in my British state pension .
@@barrydwyer2039 Thanks, after paying my full NI contributions all my working life and retired at 65 years of age , I moved to Thailand where Ive now been living, Ive never ever received any increase in my British state pension .
These terrible UK pensioners whilst illegal migrants fleeing France and getting free hotels, food , heating, a money allowance and free to walk in the community.
Money for illegal migrants but pensions that you paid in must be clawed back.
Well said. Apparently the UK spends £4 million per day accommodating and pampering these people....and there's no end in sight.
@@youngmeldrew l heard 7 million now!
@@michaelporter261 wouldn't surprise me. I try to avoid news from the UK as it's so depressing, so my figure is probably out of date.
@@youngmeldrew If they have it so good, and you know how they're doing it, then why don't you take the same route? 🤔
@@minethesky to what end? How does me joining those fleeing 'war torn France' heading for the English South Coast relate to the UK Govt penny pinching from it's pensioners while at the same time spending millions a day of taxpayer's money on those with no legal right to be in the country? The same Govt, who by the way, recently stopped the £300 winter fuel allowance for those receiving state pension if their incomes are over a little more than £12000 a year?
it would be a greater cost savings if Govt's would just stop giving tax payer to non-citizens. 💥 problem solved
This is why I'm giving up my retirement visa and spending less than 180 days in Thailand. The so called little amendment that started in January 2024 has possible major impacts. I know it does for me. Everyone should have a look at what their home country says about living abroad.
I am not a UK pensioner. But man.... that "rule" is about as bogus as they come. Whoever developed that policy must have had their head completely shoved up the wrong place. And those in Parliament who supported it and let it slip through should be shamed. It is terribly illconceived. The savings the UK government retains versus the financial hardships it imposes on a small group of individuals is extremely off kilter.
The unions and professional organizations that represented many of those pensioners should organzie and put together a strong campaing to reverse such complete nonsense. It is massively unfair.
A hideously ignorant article by the PM. A pension is not a benefit, it's an entitlement. Misleading the UK HMRC has nothing to do with benefits.
I am a Pensioner and continue to pay UK Tax as do a lot of UK pensioners so you are not a lone in the USA.
Pay US taxes on pensions and Social Security now. Thailand would cause double taxation which is a deal breaker.
The uk are lucky ,our MPs don't cheat on the expenses and second homes and tax free pensions like starmer got himself. 😅😅😅😅
The UK could go the way of Scandinavian countries which rules you reside in your country for minimum of 6 months per year to receive full pension.
excellent video, love your channel. thanks for the info. Miami/Medellin/pattaya
Singapore pensions are now terminated for PRs if they leave the country.
disgusting
Just chasing the normal people who live abroad on a small income but this changes immediately for diplomatic people or people who work long time in the embassies abroad: they even get a luxurios salary with all kind of benefits. The politicians wil always take care they will have enough now and when they retire!!!!
Generally, pensions are a significant expense for most developed countries, and we should not be surprised to see them try to chip away at them through one means or another.
I think the bigger issue (probably in 5-10 years) in Western countries will be the desire to keep pensioners spending their pension money in the country issuing it as they will want the economic stimulus to benefit the homeland. This is the issue I see down the line. Not saying today or tomorrow, but someday I could see this imposed.
--BWH
The pension system in the U.K. makes no sense in this respect. everyone contributes while working through national insurance deducted from your salary along with income tax when you are paid. The state pension goes up every unless you live in a country without a reciprocal agreement. Simply answer is play the game if you need the increases and you are living in Thailand just take a long break in the Philippines ( the Philippines has a reciprocal agreement with the U.K.) notifying the DWP when you arrived then for stay for over I believe 190 days but you need to check first you’ll get the increase starting at the current rate set at that time. So if your pension has been frozen for 5 years say it will be paid at the amount with with the increase applied. Then just move back to Thailand.
The whole reciprocal agreement thing is shameful when you have paid in your whole life but where you choose to live means you get penalised and are actually saving the U.K. government money by not accessing the NHS or using a bus pass, tv licence and all the other services available to pensioners.
Ben the reason that Australia is exempt is they are also claiming an Australian pension, so they get the British one that is at whatever the determined rate is, and then the Australian one is paid to them, less the value of British pensions ( income tested, simplified the explanation) but that is why it doesn't go up
Between the regular visa changes, talk of digital visa only, denial of bank accounts needed for a long term 1yr visa, and costs of visa runs, Thailand is prejudice against western nations. They talk about letting Russians, Chinese and Indians stay longer and allowing bank accounts. No longer the place to live as an expat as a westerner.
Why Australia, because according to available data the countries from which British expat pensioners claimed their state pension Australia is number one with 234,880 pensions being paid. If you are going to introduce a petty cost cutting measure you may as well target the biggest group possible.
I read yesterday that if a US SS recipient gives the wrong address to SS, they can be denied. There are a lot of them who live in Thailand but use a US address.
As with the UK, you are not a citizen of Thailand so required to keep a US address.
No. I give them my thai address and receive mail from them and SS Emassy in the Philippines plus a monthly deposit. @@indiandaeng
You get the rise in the USA you get it # Canada - Australia- New Zealand commonwealth country's No rise
Thanks.
If a Australian currently living abroad, reaches pension age , 67, to receive that pension , the must return to Australia and reside there for 2 years , then can return overseas with that pension
True but there are caveats on time spent outside of Australia (you have to notify before overseas travel) and the benefits you recieive
@@PhilipMR223…not really. The Australian Govt knows automatically when you leave and when you return and adjust your pension accordingly. After 6 weeks they take off the electricity and gas subsidy ( approx $59 / week) after 180 days they can adjust your pension to reflect the number of years you paid tax in Oz. I have just spent 6 months in Vietnam so experienced this first hand. Fortunately even although I am a New Zealander I have worked 40 years in Oz so I get the full pension till the day I die. I get approx A$87/ day seven days a week and can easily live like a king in Vietnam for A$50/ day.
The Benefits received will be having the Australian GUBBERMENT minding you until you die then they raid the Birth Certificate Trust that your Executor never CLAIMED or ever know about.Yep have a look at any State issued Australian Birth Certificate your parents never sign it and the same goes for England. The Birth Certificate is not yours or you but it’s the evidence of a DECEASED Estate as the REGISTRAR who signs the Birth certificate is the overseer of PROBATED WILLS. If you are smart apply to Births Deaths and Marriages in your State and ask them for a Copy of Your Live Birth Record this will have your Mothers Signature on it , this creates the Birth Certificate about a month later and it will have a FILE Number on it. This is linked to the fraudulent Birth Certificate and is the location Number of the WILL of Probate. Also the Live Birth Record will have your true name such as Mary Jane no SURNAME ( Note well the Live Birth Record is different names in different States in NSW it’s the Original Registration Form) Welcome to the MATRIX Cheers.
In U.S. were good for 4 years 👍
The decision on the cost of living increase of the UK State Pension is decided by the British government and depends upon whether there is a dual tax agreement between the two countries. Nothing to do with the tax authorities of the resident country such as Thailand.
Sorry to be fickle, but its not a double tax agreement thats the issue (one exists between Thailand & the UK). It's officially dependent on a pension 'reciprocity' between the UK & other nations. If you look at the state pension structure in the Philippines compared to the UK, you may come to the conclusion that the 'reciprocity ' angle is a red herring.
If you rely on a state pension then they do have some reasons to control state expenses. As for America i do agree it may come to that too monies paid out in state pensions are a big cost to the gov't. An as you said we pay here we want the money spent here, there can be a good argument for that too. As a Canadian we spend more time outside the country it affects our medical in our country. We also have as you call it a state pension but i would not think you can live on it outside Canada. An as you have said you better read the full document and not cherry pick the parts you like too. Good luck hope you have a private pension to go with all that.
US expats in Thailand must file US income tax, FBAR and FENCEN. In particular, my SS benefit is taxed in the US. Does the UK tax pensions of expats?
Upside to US Social Security is that if the Thai incoming remittance tax proposed changes are enacted and enforced next year, US social Security will be tax exempt under your Dual Taxation Agreement.
Most other pensions like in UK, Australia, where pensions are tax exempt, they would be subject to tax in Thailand if you are deemed a Thai Tax Resident (over 6 months in Thailand a year). My private pension fund would be hit badly with high % of tax and would be a catalyst for me to leave Thailand. Hoping it doesn't happen but preparing for it just in case
I'm not saying I would do this if it's illegal, but how bout not telling the US govt that you are living abroad, while your SS benefits are deposited in a stateside bank account?
One advantage the Brits have is not paying UK tax IF they reside abroad. Americans can't escape US Income taxes.
Exactly.
I'm a UK pensioner living in Thailand for 11 years. My pension was frozen when I moved here, but they still take tax from it every year.
Not true. UK based private pensions are taxed. I know.
Incorrect. Uk tax regulations are that income arising in the UK is taxable irrespective of residency status. This includes pensions, and rent derived from property in the UK.
I wouldn't put it past the U.S. government to pass a bill revoking all of your SS benefits let alone the COLA increase if you live in a foreign country.
Especially with Trump as pres.
@@nomadic-mind it would be the dims to restrict expats, they are for big government and controlling it's citizens not the republicans .
@@nomadic-mind Derp
Social security has nothing to do with the national debt.
Unconstitutional?