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Thread: Ex Pat finances

  1. #51
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    Quote Originally Posted by taxexile View Post
    ^
    true, but i was referring to occupational pensions and private pensions that can be taken earlier than the state pension, from 50years of age usually. some of these pension schemes are inflation linked and your country of residence will not affect those increases.
    Fair enough ! I've taken some pensions already myself, partly because of the same reason as the "other Nigel" has said. My father died when he was 65. I wanted to make sure I had the benefit of mine.

  2. #52
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    Quote Originally Posted by The_Ghost_Of_The_Moog
    Yes, they are replicators that attempt to emulate hedge fund indices and hedge fund returns.
    these would be derivatives driven clones of HF, a controversial topic. No, the ETFs I mentioned was actually investing into them. In Europe, some SICAV will do the same, as FoF vehicles since as a pool they would meet the minimum for participation.

    Quote Originally Posted by The_Ghost_Of_The_Moog
    Though they don't actually invest in underyling hedge funds.
    See above,

  3. #53
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    Quote Originally Posted by Butterfly View Post
    Quote Originally Posted by The_Ghost_Of_The_Moog
    Yes, they are replicators that attempt to emulate hedge fund indices and hedge fund returns.
    these would be derivatives driven clones of HF, a controversial topic. No, the ETFs I mentioned was actually investing into them. In Europe, some SICAV will do the same, as FoF vehicles since as a pool they would meet the minimum for participation.

    Quote Originally Posted by The_Ghost_Of_The_Moog
    Though they don't actually invest in underyling hedge funds.
    See above,
    Thanks. If you can recall some of the names of these products (I can't find them in a search engine), e mail them over, as I have some hedge funds here that would be interested.

  4. #54
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    Quote Originally Posted by The_Ghost_Of_The_Moog
    Thanks. If you can recall some of the names of these products (I can't find them in a search engine), e mail them over, as I have some hedge funds here that would be interested.
    I will, need to research them again in that email I received. I think even LYXOR was involved in one of them, but I am not certain, could have been another French bank.

    Also look into CFOs, or Collateralized Fund Obligations, they use Hedge Funds returns patterns to fund the structure of their obligations. Quite interesting.

  5. #55
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    I am not a financial advisor but risk avers May I suggest you spread your risk You will need somewher to live so acondo at right price amy be an option. 800k for your retirement visa and rounded up to a million for spending money makes sense As for the balance,shares,currencies ,gold all have their advocates As others suggest investing in self sufficiency and no high risk "headaches' may enable you to relax until current economic crisi is clearer.In recession thema with cash is king
    Quote Originally Posted by Latindancer View Post
    I just want the chance to use a bigger porridge bowl.

  6. #56
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    Quote Originally Posted by taxexile View Post
    its within a gnats crotchet of 50 today, compared to 46/47 a couple of months ago.

    yes i know it was once 75, but that was a long long time ago.
    6 months means nothing to what Nigel needs. It's long term stability and some sort of guarantee that sterling (or whatever non-Thai currency he decides upon) won't nosedive even more over the next few decades. The only way to do it is to do it in baht.

  7. #57
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    Quote Originally Posted by can123
    Once the government are aware that you no longer live in the UK, your pension will be frozen.
    Just to clear this point up I receive and have done since I was 50 a pension from a company I worked for ,, for 20 years , this was of the final salary ilk scheme , a bloody good pension I might add to.


    So my old age pension age 65 will not come into play yet , and yes when I am 65 it will be frozen no doubt. I have already well overpaid into this pension as I have worked full time since I was 15
    I'm proud of my 38" waist , also proud I have never done drugs

  8. #58
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    ^
    It doesn't need to be frozen, if you get my drift

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    Quote Originally Posted by bakseedar View Post
    I've just started running a forex automated system which claims 5 - 10% per MONTH.. It's a free one month trial.. One week in & showing 3% already.
    Yes its great someone is going to make you very rich
    When its too good to be true that is exactly what it is

    With money to invest you should meet a lot of very helpful foreigners in Pattaya

    A Channel Island building society will do the job safely

  10. #60
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    It doesn't need to be frozen, if you get my drift
    how does one manage that?

  11. #61
    Have you got any cheese Thetyim's Avatar
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    Yes spill the beans Can123
    I have been trying to work out how to get the rises.
    Having an address in PI won't work as they ask for proof of residency.

    Getting added to someone else's address in UK is dodgy because they may ask to see you

  12. #62
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    Getting added to someone else's address in UK is dodgy because they may ask to see you
    you need to be paying poll tax at that address too, then you will be on the electoral roll and be considered as living there.

    i wanted to rent a car in the uk last year, they wanted proof that i lived at the address as stated on my uk driving licence, (its the address of a relative that i use as a correspondence address) they wanted to see a recent bank statement and utilty bill, i couldnt provide the utilty bill so they made a telephone check of some sort, they wouldnt tell me who they were calling, and they eventually told me that yes, i am registered at that address, but i am not paying poll tax, am not on the electoral roll, and therefore do not live there and they couldnt rent a car to me on my uk licence.

    no trouble using my thai licence and passport for id though.



    i dont get my uk state pension for a while yet, but have been trying to find out if it is possible to get the yearly increases that are only available to the poor bastards who are stuck there.

    i have seen the forms they send, and they do ask if you are normally resident in the uk. if you lie, then you leave yourself open to criminal prosecution, and it is probable that at some short time after a pension is started and with the huge number of people on the fiddle in the uk, some keyboard tapping drone will be entrusted with the task of checking up on information and cross checking it against the monster databases that our wonderful government have spent so much money time and effort in building up.

  13. #63
    Have you got any cheese Thetyim's Avatar
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    Quote Originally Posted by taxexile
    yearly increases that are only available to the poor bastards who are stuck there
    You still get the increases in quite a few countries.
    PI and Cyprus come to mind

  14. #64
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    Quote Originally Posted by taxexile
    you need to be paying poll tax
    Good words from the Thatcher era Taxex I still call it that to ,, absolutely refuse to call it the PC community charge .

    Thet I think you will find they don't get the rises in non EU Countries

    Some good news IS in the offing for us old boys as the government is rolling up all the bits and pieces i.e.. heating allowance ,,and other bits and pieces that get nailed on to the pension in the UK which get paid to ex pats in EU Countries at the moment are to be removed and rolled up into a one size fits all payment to everyone.
    This will benefit those of us in Thailand and other non EU Countries

  15. #65
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    Sorry to take this off-topic...

    I paid NI for a dozen years or so and if I get in touch with the drones in the UK, they will advise me to pay a lump of money into my 'account' to top it up. I'm under the impression that I don't need to and should receive the basic pension upon retirement age regardless.

    Am I right or have I missed something?

  16. #66
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    Quote Originally Posted by Marmite the Dog View Post
    Sorry to take this off-topic...

    I paid NI for a dozen years or so and if I get in touch with the drones in the UK, they will advise me to pay a lump of money into my 'account' to top it up. I'm under the impression that I don't need to and should receive the basic pension upon retirement age regardless.

    Am I right or have I missed something?
    get in touch with them, you can do it by phone, and ask for a quote of how much your pension will be upon reaching retirement age based on your ni contributions, and compare it with the maximum pension you would receive if you had paid all your ni contributions for 40? years.

    they will also tell you how much you have to pay to top up your pension by buying back some or all of the years that you didnt pay ni .

    you can work out whether it would be worthwhile or not.

    they are very helpful, you will need your ni number. the pension forecast takes about 6 weeks to come through.

  17. #67
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    Quote Originally Posted by taxexile View Post
    Quote Originally Posted by Marmite the Dog View Post
    Sorry to take this off-topic...

    I paid NI for a dozen years or so and if I get in touch with the drones in the UK, they will advise me to pay a lump of money into my 'account' to top it up. I'm under the impression that I don't need to and should receive the basic pension upon retirement age regardless.

    Am I right or have I missed something?
    get in touch with them, you can do it by phone, and ask for a quote of how much your pension will be upon reaching retirement age based on your ni contributions, and compare it with the maximum pension you would receive if you had paid all your ni contributions for 40? years.

    they will also tell you how much you have to pay to top up your pension by buying back some or all of the years that you didnt pay ni .

    you can work out whether it would be worthwhile or not.

    they are very helpful, you will need your ni number. the pension forecast takes about 6 weeks to come through.
    Will do - thanks for that.

  18. #68
    Have you got any cheese Thetyim's Avatar
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    Quote Originally Posted by nigelandjan
    Thet I think you will find they don't get the rises in non EU Countries
    "If you are living abroad on a permanent basis you may be entitled to the annual increase to your State Pension rates if you live in an EEA country*, Switzerland, or a country that has a reciprocal social security agreement with the UK**.

    If you live abroad in any other country you will not receive an annual increase.

    * The EEA countries are Austria, Belgium, Bulgaria, Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. The UK is also part of the EEA. UK means England, Scotland, Wales and Northern Ireland. Gibraltar is treated as another EEA country by the UK. Other EEA countries treat Gibraltar as part of the UK.

    ** The UK has reciprocal social security agreements with Barbados, Bermuda, Canada, Israel (the agreement with Israel applies to the territory administered by the Government of Israel on 19 July 1956), Jamaica, Jersey and Guernsey, Isle of Man, Mauritius, New Zealand, Philippines, Switzerland, Turkey, USA and the separate republics of the former Yugoslavia that are not EU Member States (Bosnia-Herzegovina, Croatia, Montenegro, the Republic of Macedonia and Serbia)."



    Living Overseas - The Pensions Advisory Service (TPAS)

  19. #69
    Have you got any cheese Thetyim's Avatar
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    Quote Originally Posted by taxexile
    maximum pension you would receive if you had paid all your ni contributions for 40? years
    It's only 30 years needed now

  20. #70
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    Quote Originally Posted by Marmite the Dog
    I'm under the impression that I don't need to and should receive the basic pension upon retirement age regardless. Am I right or have I missed something?
    you will only receive the basic pension if you have paid enough "stamps"
    i.e. paid your contributions for about 30 (?) years
    I have hardly paid any stamps, so will be entitled to a pittance, but I knew that anyway. I certainly did not think it worthwhile to pay them loads of money to get a bigger pension as they will steal it back anyway, in taxes and inflation
    I have reported your post

  21. #71
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    Quote Originally Posted by DrAndy View Post
    Quote Originally Posted by Marmite the Dog
    I'm under the impression that I don't need to and should receive the basic pension upon retirement age regardless. Am I right or have I missed something?
    you will only receive the basic pension if you have paid enough "stamps"
    i.e. paid your contributions for about 30 (?) years
    I have hardly paid any stamps, so will be entitled to a pittance, but I knew that anyway. I certainly did not think it worthwhile to pay them loads of money to get a bigger pension as they will steal it back anyway, in taxes and inflation
    Now reduced to 30 years from 44.

    If you pay about 15k (baht) a year (to UK) until your 30 year quota is reached you will get the full state pension.

  22. #72
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    even if you have only paid ni for a couple of years, you will get a pension.

    a much reduced one, but a pension.

    friend of mine who had paid in for 10 years way back in the 60's before he left the uk got in touch with them a couple of years ago and now gets about £30 a month.

    not much, but as he says "pays me petrol."

    if you return to the uk at any time and tell them that you have come back to live, then i believe your pension is upgraded to the rate it would have been had you not left the uk.

  23. #73
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    Quote Originally Posted by Albert Shagnastier
    If you pay about 15k (baht) a year (to UK) until your 30 year quota is reached you will get the full state pension.
    Somewhere between 250k & 300k. Certainly worth considering.

  24. #74
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    ^ It's a no brainer if you think about it. I've got just under 15 years myself so 15 more at 15k = 225k (baht). I've got another 35 odd years to spread it over so it should be easy. And if I die before the big easy chair arrives i won't of lost too much, yet if I get there it will mean I have an extra 20k (baht a month) - there's no way the Mrs will be able to complain anymore about my beer expenditure

  25. #75
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    Its a shame I can't nominate some of my overpayments that I have been making for a while now to a named individual , at least they might be able to say thanks and buy me a beer or two

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