Fourkinnel wrote: ↑Wed Apr 03, 2024 3:42 pm

cautious colin wrote: ↑Wed Apr 03, 2024 7:21 am

jah steu wrote: ↑Tue Apr 02, 2024 12:42 am As long as you realise that I’d guess you are breaking the law by declaring that you are resident in the UK but are in fact living long-term in Cambodia.
I found out the hard way that these days countries’ governments share huge amounts of data about tax, foreign residents and pensioners.


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Not necessarily breaking the law. Law is more than half a year makes you resident.

If you don't stay anywhere for more than half a year the default will be the country you have "more ties to". This is a grey area.

A yearly visa does not imply residency

Any up to date links on the " more ties to " please?

Kammekor wrote: ↑Wed Apr 03, 2024 3:50 pm

Fourkinnel wrote: ↑Wed Apr 03, 2024 3:42 pm

cautious colin wrote: ↑Wed Apr 03, 2024 7:21 am

jah steu wrote: ↑Tue Apr 02, 2024 12:42 am As long as you realise that I’d guess you are breaking the law by declaring that you are resident in the UK but are in fact living long-term in Cambodia.
I found out the hard way that these days countries’ governments share huge amounts of data about tax, foreign residents and pensioners.


Sent from my iPhone using Tapatalk

Not necessarily breaking the law. Law is more than half a year makes you resident.

If you don't stay anywhere for more than half a year the default will be the country you have "more ties to". This is a grey area.

A yearly visa does not imply residency

Any up to date links on the " more ties to " please?

It's very hard to say something specific about it because it depends on your personal situation, but the UK will not accept you not being tied to one country.
In that case, and many other cases, they will hold you liable for the income tax in the UK.

Bluenose wrote: ↑Wed Apr 03, 2024 4:15 pm

The issue with the OP is that if you are resident in the UK your pension will increase every year in line with the rate of increase in average earnings (or currently also a couple of other factors). The same happens if you are resident in a country with a reciprocal social security agreement with the UK. However, if you are resident in a country that doesn't have such an agreement (and there's a lot including Australia, Canada and New Zealand) the pension is frozen at the amount when you reached retirement age or moved abroad, it doesn't increase at all.

Fourkinnel wrote: ↑Wed Apr 03, 2024 3:42 pm

cautious colin wrote: ↑Wed Apr 03, 2024 7:21 am

jah steu wrote: ↑Tue Apr 02, 2024 12:42 am As long as you realise that I’d guess you are breaking the law by declaring that you are resident in the UK but are in fact living long-term in Cambodia.
I found out the hard way that these days countries’ governments share huge amounts of data about tax, foreign residents and pensioners.


Sent from my iPhone using Tapatalk

Not necessarily breaking the law. Law is more than half a year makes you resident.

If you don't stay anywhere for more than half a year the default will be the country you have "more ties to". This is a grey area.

A yearly visa does not imply residency

Any up to date links on the " more ties to " please?

newkidontheblock wrote: ↑Wed Apr 03, 2024 6:01 pm Do Brits have an option for IRAs or any other additional alternative retirement plans in addition to the pension during their working years?

newkidontheblock wrote: ↑Wed Apr 03, 2024 9:47 pm

khmerhamster wrote:

newkidontheblock wrote: ↑Wed Apr 03, 2024 6:01 pm Do Brits have an option for IRAs or any other additional alternative retirement plans in addition to the pension during their working years?

Private pensions arrangements are very common. Company pensions are also common although not as lucrative as in years gone by. It wouldn't be strange for someone to have state pension, several company pensions and a private pension.
Don't talk to Brits about IRA.

‘Wouldn’t be strange for someone (to have multiple sources saved away for retirement).’

So do most Brits survive only on government pension and nothing else?

newkidontheblock wrote: ↑Wed Apr 03, 2024 9:47 pm

khmerhamster wrote:

newkidontheblock wrote: ↑Wed Apr 03, 2024 6:01 pm Do Brits have an option for IRAs or any other additional alternative retirement plans in addition to the pension during their working years?

Private pensions arrangements are very common. Company pensions are also common although not as lucrative as in years gone by. It wouldn't be strange for someone to have state pension, several company pensions and a private pension.
Don't talk to Brits about IRA.

‘Wouldn’t be strange for someone (to have multiple sources saved away for retirement).’

So do most Brits survive only on government pension and nothing else?

US social security was initially established to prevent the elderly from starving to death on the streets and nothing more. Certainly not established for retirees to have a comfortable retirement. That was up to individual responsibility to save and invest.