March 29, 2018

Transferring A UK Pension To Thailand

Although you can’t actually transfer UK pension to Thailand, as the country has no recognized overseas pension schemes, you can get round that restriction. If your dream is to join the thousands of UK citizens who retire in Thailand, your best approach is to transfer your pension to a pension trust in a location such as New Zealand or Hong Kong. Of course, the other option is simply to have your UK pension paid directly into a bank in Thailand, allowing you to withdraw the money easily. There are no restrictions against doing that; in fact, you can collect your pension from the UK just about anywhere in the world, although you will then pay Thai taxes on the amount. As with all questions concerning pensions and how to transfer overseas, always get the advice of a knowledgeable and experienced advisor.

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