pension transfers

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This page displays all the results for the Pension Transfers tag, sorted by the most recent activity. There are a total of 8 questions that have been tagged with Pension Transfers. Explore the questions to find discussions and information relevant to this topic.
Apr 3, 2024
7 months ago
Anthony *********
ORIGINAL POSTER
Hi to all UK expats .

I’m retiring to Thailand next year and need any advice from you on which are the best uk banks to hold an account for when I no longer live in the uk ( for private pension to be paid into plus savings) I already have a Thai bank account and property.

Any advice will be greatly appreciated.
Feb 18, 2024
9 months ago
Sean ********
ORIGINAL POSTER
Thank you for this excellent platform for discussion on Thai visas and all things Thai. I have a lot of questions as we plan our move to Bangkok (probably) next year. Here's my first one. I have both American and UK passports, which would be the better one to use for a retirement visa application in Thailand?
Jun 29, 2023
a year ago
Linz ************
ORIGINAL POSTER
*Comments Turned Off, I have the answers I need and the understanding so thank you to each and every one of you for taking the time to respond, seriously it is appreciated*

(Side Note, our home is now in the process of being sold, an offer has been accepted so we should be with you in or by November 🤞🏼)

Hi all

Hope you are having a great week

Question, how do you fund your life in Thailand

I don’t mean via a pension/ wage etc, and I am not referring to money transfer apps or third parties

IF your income is generated in your home Country which for me will be the UK (eg state or private pension)

I will be paid in English Pounds, yet my lifestyle will require Thai Baht

At the moment £1 is worth around 45thb, last week it might have been 39thb, next week it ‘could’ be 50thb

If you need say 75,000thb every month for your chosen Thai lifestyle, how do you do the

If I transfer £1600 every month, the amount I receive in Baht could be below the amount I need, if I transfer the equivalent of 75,000thb every month that could be more than my budgeted £1,600

How do you manage this please?
Feb 28, 2023
2 years ago
I have already received my pension for March deposited in my US bank account. I will be sending 65K THB to my Thai bank account tomorrow. I decided to ask Chat GPT ( the new artificial intelligence chat bot) at which time of the day I can expect the dollar to be strongest against the Baht over the past 5 years, on average. I will include two screen shots. First screen shot will be the question I asked Chat GPT and second the response. I don't know if this will help anybody reading this post but I thought I'd share it with you, regardless. If you are using a different currency than the dollar, just copy my question and insert your currency instead. Good luck to you all.
Sep 15, 2021
3 years ago
Frederick *********
ORIGINAL POSTER
I have a HSBC account in the UK from which I transfer my monthly min 65k Baht for my retirement extension. I’m seriously thinking of relocating permanent to Thailand in the next year or so. If I become a non UK resident, can I still hold my UK account. I would like to keep the account as my pensions are paid directly into this. Anyone have experience of this situation.
Jul 20, 2019
5 years ago
Steven *********
ORIGINAL POSTER
I wonder if anybody has had the same experience and what happened. I have asked that my bank give me the required letter showing 65,000 baht coming into my account each month. I have two pensions but 3 of the payments came in via smart payments and not by international transfer, my Bank says I have to approach the other bank to get a letter to cover these three. Has anybody had to do this and what happened?
Jul 20, 2019
5 years ago
Steven *********
ORIGINAL POSTER
I wonder if anybody has had the same experience and what happened. I have asked that my bank give me the required letter showing 65,000 baht coming into my account each month. I have two pensions but 3 of the payments came in via smart payments and not by international transfer, my Bank says I have to approach the other bank to get a letter to cover these three. Has anybody had to do this and what happened?
Oct 19, 2018
6 years ago
Chris ********
ORIGINAL POSTER
I live in Hua Hin and have a question regarding extension of visa based on retirement. I know that 800,000k is the requirement or a combination of income and money up to that amount. With my pension it's paid into an Australian bank account, will that pose a problem even with a letter stating I get $ per fortnight. Or would it be needed to be transferred by me into my Thai bank account fortnightly. I know I can't get it paid into an overseas account. Sorry if this is a silly question
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