News Forum - Frozen in time: British expats losing out on pensions in Thailand

[Thaiger]

Three British expats reveal their nightmare experiences of having their UK pension frozen, thanks to a government policy that leaves them with unadjusted savings, sparking widespread outrage. David McConkey believed he was heading for paradise when he retired to Bangkok in May this year. After 40 gruelling years as an electronics buyer, the 72 year … …

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[Polkadot]

Poor diddums

[butterfly]

 

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[Grumpish]

Nothing to see here - this has been the case for many years. Outside the European Economic Area you only get the increase in countries that have a reciprocal Social Security agreement with the UK, which is not many.

https://www.gov.uk/government/publications/state-pensions-annual-increases-if-you-live-abroad/countries-where-we-pay-an-annual-increase-in-the-state-pension

[ChrisS]

"David McConkey believed he was heading for paradise when he retired to Bangkok in May this year. After 40 gruelling years as an electronics buyer, the 72 year old Scot was ready to bask in the sun, sandy beaches, and exotic cuisine of his favourite city. But his dream retirement turned into a financial nightmare when he discovered his UK state pension had been frozen."

Zero sympathy did he do NO research before relocating 6000 miles from his home country. This is NOT a new thing.

[Polkadot]

Life isnt fair.

[ChrisS]

20 hours ago, Polkadot said:

Life isn't fair.

True, but the intelligent do their research and factor known unfairness into their future plans unlike this muppet who has clearly done ZERO research before relocating.

[Ramanathan.P]

Time to pack things back home.