Pension cuts could affect future claimaints

[chopsticks]

There hasn't been much government encouragement to save in recent years with the emphasis on low interest rates for borrowers and mortgage loans.

It will not affect existing claimants only spouses who claim after approx. 2016.

Majority affected will in fact be UK claimants but it was 'spun' as affecting foreign spouses to counter the growing UKIP popularity and their policies.

It is somewhat unfair if a husband has contributed for 40+ years and dies at a young age leaving a spouse with no further claim to his pension entitlement. The amount involved is approx £3500 pa.

[sargeant]

Quote Khundon

I got hit, just as Sarge did, when that twat Brown hit pensions

There is a monumental difference
1- I was already retired
2- You were able to work and make some changes
Quote Khundon

No, it's called forward planning but I would not expect you to understand that concept

Thats what i did but if a bunch of thieves steal and lie to you no amount of forward planning will help you.And i paid in the maximum allowed under the law additional voluntary contributions AVCs and got my pension almost doubled taking ealy retirement and freeing a job and saving the dole etc he would have been claiming plus the tax he would have paid
Quote Khundon

Sarge I was under the impression that this new law they are bringing in will not affect those that are already retired, so your wife should not be affected where your state pension is concerned and she should be entitled to a share of your state pension should you shuffle off your mortal coil. Maybe Mags can throw some light on that?

Sorry but that is not how i read it it means i shuffle of AFTER 2016 my wife gets nothing full stop
Quote Khundon

EVERYONE has the opportunity to save for there retirement, if they don't, then they are fools.

NO NO NO Khundon its the fools that save that get screwed because they HAVE something to be screwed out of those that piss it up the wall just keep getting handouts politicians dont like them littering the streets and they cannot get blood from a stone can they
Quote Khundon

That would be the fair way to do it. IMHO.

My wife will be a new recipient and will get nothing i will be dead they are stopping wives living abroad getting anything
They can still pay tax though

[Khundon1975]

There is a monumental difference
1- I was already retired
2- You were able to work and make some changes

Sarge

1. I retired at 47, before Brown made those changes and apart from a few months consultancy work for my old company, I was not about to go back to work for him or anyone.

2. I paid the enhanced NI rate which should have entitled me to £250 state pension, under these new rules, the most I can expect is £144 per week! Thank God I made other provisions. Yes, it's back to savings again.

Ain't life a bitch.

[margaretcarnes]

There is a monumental difference
1- I was already retired
2- You were able to work and make some changes

Sarge

1. I retired at 47, before Brown made those changes and apart from a few months consultancy work for my old company, I was not about to go back to work for him or anyone.

2. I paid the enhanced NI rate which should have entitled me to £250 state pension, under these new rules, the most I can expect is £144 per week! Thank God I made other provisions. Yes, it's back to savings again.

Ain't life a bitch.

No - the £144 minimum guarantee pension from 2016 will only apply to people who get less than that! Those who are entitled to a higher amount on account of their contributions will continue to be entitled.
However...... it wouldn't surprise me at all if those on higher pensions found that they were frozen. It would be a typical tactic with such a change - we will see.

Sarge - your wife is OK because you are already claiming your pension. Those affected will be spouses of people who begin to claim (or more correctly become entitled to) after the date of change.

[PET]

Sarge - your wife is OK because you are already claiming your pension. Those affected will be spouses of people who begin to claim (or more correctly become entitled to) after the date of change.

You make an interesting point here - are you saying that when I 'pass on' that my Thai wife will be entitled to a 'widows' pension? If so is this based on my current pension or some other amount ?

[sargeant]

Mags thank you for clarifying that although i am still worried because i read it that it is new spouse claimants that will be the criteria irrespective of whether i am receiving my pension.
I will bow to your superior knowledge you have always been correct in the past and wait and see
quote Khundon

1. I retired at 47, before Brown made those changes and apart from a few months consultancy work for my old company, I was not about to go back to work for him or anyone.

Still a monumental difference
1- I was already in Thailand
2- You were and still are UK based
3- You COULD if you wanted to go to work and do something about it
4- I am 65 years old 4 heart attacks and work is not an option
5- Return to the UK is also not an option as you say NO HOUSING
6- Comparing my situation (and thousands of others already retired abroad) to yourself is like comparing apples and potatos
Quote Buksi

It doesn't work that way for farangs that work in Thailand and pay tax here ..

There i may agree with you (I would like to see some changes as well) however we are foriegners here and you and I knew the rules when we came here they are not making new rules just to screw us out of our money like the B***AR*S in the UK are screwing their OWN NATIONALS

[sargeant]

quote Mags

the £144 minimum guarantee pension from 2016 will only apply to people who get less than that!

Mags will that apply to pensioners in Thailand who get less than 144 quid ????

[margaretcarnes]

quote Mags

the £144 minimum guarantee pension from 2016 will only apply to people who get less than that!

Mags will that apply to pensioners in Thailand who get less than 144 quid ????

Sorry Sarge - nice thought - highly unlikely! I must admit though I would need to check the fine print on that one because it is a very valid point. And an interesting one. Would it prove to be legal to deny expats the new minimum payment? It could be one of those things which ends up in the European Courts (if we are still in Europe.)

And Hands Up yes you are right about the conditions for the spouse pension. I'm sorry I did get it wrong - foreign wives who don't reside in the UK will only be protected if they are already receiving their pension at the time of the change. So that gives you 3 years my dear

[sargeant]

So Khundon there you have it
So let me explain why your save for your old age is BS because there is no living way you can predict what the aresholes will do in the future nothing is sacrosanct anymore
In 1986 i joined British Airways and transferred my Army pension into the BA pension fund i also commenced to pay the maximum allowed by LAW additional voluntary contributions. My aim to retire to Thailand at age 55 (my health was not great at all)
In Dec 1996 BA announced 5,000 redundancies/early retirements i applied to leave on early retirement at age 50 on 30 dec 1997.
I was able to get reasonably accurate information on lump sum and monthly pension from BA but was worried about Tax and so rang IR Edinburgh and conversed with a guy called mark on a monthly sometimes twice a month for the whole year. He ASSURED ME that i would NOT pay tax as i would be living 365 a year abroad. I based all my calculations on 30Bt to the pound i may add
On the 8th of jan1998 i received a letter from Mark stating i had been zero rated for Tax my pension fund had been notified and wished me the best for my retirement and i would NEVER hear from IR ever again.
Jan 12th 1998 i flew to Thailand to start my retirement.
All was fine UNTIL
In approx May 2000 I went to the bank refused zero money i rang my pension fund and was informed Inland Revenue were withholding ALL of my pension as they were claiming NAYE ordering me to pay 2 plus years of unpaid tax.
It took 3 months with no income i had to sell all my gold and valuables just to survive end result THEY the Inland Revenue admitted it was THEIR mistake they would NOT claim back the previous 2 years BUT tax would start being paid in the Aug of 2000
No matter that i had only taken the early retirement on THEIR MISTAKEN ADVICE
The Bastar*s left me in a foreign country with NO funds and no way of getting any

Still i could survive after all my Private Pension was bullet proof after the Maxwell debacle ALL pensions were theft proofed weren't they course they were
Another pack of lies along comes Brown Taxes the profit made on pensioners Money let me repeat pensioners Money and then taxes what is left when it is paid to the pensioners DOUBLE TAXATION
Has he finished NO NOT a chance my PRIVATE pension rises were always calculated by the Retail price index RPI so what do they do they pass a law FORCING PRIVATE pension funds to use some other index which just happens to be lower. My pension fund is fighting that in court.
Due to my health issues i never calculated on my state pension i fully expected to pop my clogs before i was 65 so imagine my incredulity that i made it but my euphoria was short lived i find i DO NOT get the pension rises. I pay F*****G tax for poles and Rumanians et al but hey i am just a NON BRIT aren't I. Never mind my stupid way of thinking that i should get the same out as every body else that paid in.
Have they finished NO have they B*****ks lets punish him some more we will stop his wife's widows pension Never mind my stupid way of thinking that i should get the same out as every body else that paid in.
And if that story doesnt scare the crap out of people i don't know what will
By the way i am saving 30/40k Bt a month to build a house and i am still here but with all that crap above it should be 50/60k Bt a month

[BingoBango]

You sound like your going to have a heart attack. Calm down. Dont worry when you die your wife that hasnt paid anything into a uk pension will still get what the poles and romanians get. And she will be able tonlive in the house that you are building for her and her new bloke when you have gone. She might even die before you and want.to give it to her sons like the lovely wife in the other thread.

[sargeant]

what a jerk read it it is me repeat me that paid in and am still paying in BUT i am not getting out the same as others it is wrong not just for me for thousands
No she wont get what the poles and Rumanians get she wont get to be in the UK
As for the crap about my wife and the other wife handing on to their kids have you never thought that older men get younger Thai women pregnant how are they going to take care of those kids
As for my wife getting a new bloke after i am gone good luck to her i will just advise her NOT to get a jerk like work the next word out for yourself
A clue to help the thick its half of the last word or even all of it

[richard]

Difficult post to read Sarge.

You must be heated up as your grammar is letting you down like in the old days.

Bingojerk. You are a jerk

[Bristolian]

Bingojerk. You are a jerk

Don't feed him and maybe he'll go away

[sand_dancer]

what a jerk read it it is me repeat me that paid in and am still paying in BUT i am not getting out the same as others it is wrong not just for me for thousands
No she wont get what the poles and Rumanians get she wont get to be in the UK
As for the crap about my wife and the other wife handing on to their kids have you never thought that older men get younger Thai women pregnant how are they going to take care of those kids
As for my wife getting a new bloke after i am gone good luck to her i will just advise her NOT to get a jerk like work the next word out for yourself
A clue to help the thick its half of the last word or even all of it

Sarge

Like you there is a large number of people being screw*d by the UK Government..... Myself included..... My pension is taxed at source and there is not a thing I can do about it.....

However...... This may be something that the legally minded are able to answer...... and it covers a raft of different subjects..... I will ask specifically about money and Housing.....

For all you UK expats that like me that are registered as nomdom in the UK..... The Government tried to bring in legislation for the start of this tax year that anyone that is registered nomdom could not hold any assets in the UK..... This included bank accounts and housing.....

No doubt they will try to force it through in time for the start of the next tax year......

Are you one of the expats that will be affected if they push through this legislation...... I certainly am as I will have to offload my house..... And I certainly know that I cannot get my pension paid direct to Thailand....

Or is it unlikely to happen as it will affect individuals who kindly donate to Political Parties coffers ?

[Dannie Boy]

what a jerk read it it is me repeat me that paid in and am still paying in BUT i am not getting out the same as others it is wrong not just for me for thousands
No she wont get what the poles and Rumanians get she wont get to be in the UK
As for the crap about my wife and the other wife handing on to their kids have you never thought that older men get younger Thai women pregnant how are they going to take care of those kids
As for my wife getting a new bloke after i am gone good luck to her i will just advise her NOT to get a jerk like work the next word out for yourself
A clue to help the thick its half of the last word or even all of it

Sarge

Like you there is a large number of people being screw*d by the UK Government..... Myself included..... My pension is taxed at source and there is not a thing I can do about it.....

However...... This may be something that the legally minded are able to answer...... and it covers a raft of different subjects..... I will ask specifically about money and Housing.....

For all you UK expats that like me that are registered as nomdom in the UK..... The Government tried to bring in legislation for the start of this tax year that anyone that is registered nomdom could not hold any assets in the UK..... This included bank accounts and housing.....

No doubt they will try to force it through in time for the start of the next tax year......

Are you one of the expats that will be affected if they push through this legislation...... I certainly am as I will have to offload my house..... And I certainly know that I cannot get my pension paid direct to Thailand....

Or is it unlikely to happen as it will affect individuals who kindly donate to Political Parties coffers ?

Are you definitely talking about being non-domiciled or simply non-resident? Whilst it is possible to change your domicile of origin (i.e. if you were born in the UK and move permanently to another country with no intention of ever returning to the UK, you can apply for domicile of choice in the new country), but it may not be that easy. Non-residency is clearly a different subject and much easier to obtain i.e. you have to spend on average less than 90 days a year in the UK.