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Post by Soutpeel on Jun 7, 2016 11:09:07 GMT 7
Just been looking at some possible predictions for the impact on GBP, some numbers cite the GBP taking a knock of of 20%-30%
Lets assume that happened and the GBP/THB ended up at GBP1/THB 40, would we expect to see a large number of UK pensioners who only have state pensions being forced to go back to the UK ?
I stand to be corrected but believe the current payment is around GBP 157/week ie around GBP 628/m = THB 31400/m, and lets assume the GBP takes a 20% knock against the THB, that means living on 25k/m...
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smokie36
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Post by smokie36 on Jun 7, 2016 11:22:41 GMT 7
This is amusing....I'm surprised the stay in lot aren't saying its 40-50%.
To get back to your question...well 25k versus 31k isn't much difference really.....if you own your place and got no rent etc to pay its still doable.
Trouble is some have been out in Thailand for years meaning they are on a lot less....disgraceful really.
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Post by rgs2001uk on Jun 7, 2016 11:24:18 GMT 7
I suspect a few of them have the 400k in the bank option if married.
Others will continue to do visa runs.
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Post by Soutpeel on Jun 7, 2016 11:28:30 GMT 7
This is amusing....I'm surprised the stay in lot aren't saying its 40-50%. To get back to your question...well 25k versus 31k isn't much difference really.....if you own your place and got no rent etc to pay its still doable. Trouble is some have been out in Thailand for years meaning they are on a lot less....disgraceful really. Well that's kinda the point I am getting at, a knock of 6k/month is not not much in many peoples eyes, but at the lower levels of income this could be huge amount, I have seen posts on the other channel of people bragging about only paying 6k/m for their "Condo" room I guess if you "own" your place, and it water/lights/internet and food your paying for, suppose it is doable |
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smokie36
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Post by smokie36 on Jun 7, 2016 13:15:50 GMT 7
I suspect a few of them have the 400k in the bank option if married. Others will continue to do visa runs. Crazy as all the mo fo shit out there....imagine not having even 400k Baht in the bank and living your life thousands of miles from the free healthcare you paid your taxes for. To not be able to save even the £16000 you need to be able to do it yourself is incredible over a 40 year working life......what were these people doing??? |
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smokie36
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Post by smokie36 on Jun 7, 2016 13:17:09 GMT 7
This is amusing....I'm surprised the stay in lot aren't saying its 40-50%. To get back to your question...well 25k versus 31k isn't much difference really.....if you own your place and got no rent etc to pay its still doable. Trouble is some have been out in Thailand for years meaning they are on a lot less....disgraceful really. Well that's kinda the point I am getting at, a knock of 6k/month is not not much in many peoples eyes, but at the lower levels of income this could be huge amount, I have seen posts on the other channel of people bragging about only paying 6k/m for their "Condo" room I guess if you "own" your place, and it water/lights/internet and food your paying for, suppose it is doable I think if paying rent and doing visa runs its going to be a tough slog that. |
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Post by Soutpeel on Jun 7, 2016 13:35:51 GMT 7
I suspect a few of them have the 400k in the bank option if married. Others will continue to do visa runs. Crazy as all the mo fo shit out there....imagine not having even 400k Baht in the bank and living your life thousands of miles from the free healthcare you paid your taxes for. To not be able to save even the £16000 you need to be able to do it yourself is incredible over a 40 year working life......what were these people doing??? Very troubling indeed...I asked my parents if they could survive only on their UK government pensions living in country with a 20 odd to 1 exchange rate against the GBP and they said no way and they draw two UK state pensions (with no annual increase) and they said it just about buys the groceries where they are, they reckoned they would be deep in the doo doo with out my Dads other company pension and the other investments and cash they had built up over 40 odd years working and they have no mortgage to pay on their property. |
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AyG
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Post by AyG on Jun 7, 2016 13:41:56 GMT 7
I think that a drop in the exchange rate would be the least of their worries. The "stay" campaign, I'm pretty sure, has predicted that on exit water will turn into blood (and if that happens, think what will happen to alcohol), a plague of frogs (Frenchmen?), a plague of lice (Romanians?), a plague of flies (Moslems from across the globe?), diseased livestock (that would be the horsemeat from Eastern Europe), boils (the Scottish singer, Susan, I presume - let's hope Scotland eventually decides to stay with the EU), thunderstorm of hail and fire (more ranting politicians' speeches), locusts (definitely the people who come to the UK to claim benefits - particularly those who claim child benefit to send back to Poland for children who've never even visited the UK), darkness for three days (though to be honest, the country would be benighted for at least a generation should we stay), and the death of the first born (assassination of Prince Charles by Islamic extremists wanting to introduce a caliphate with Shariah law?).
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Post by rgs2001uk on Jun 7, 2016 13:47:00 GMT 7
I suspect a few of them have the 400k in the bank option if married. Others will continue to do visa runs. Crazy as all the mo fo shit out there....imagine not having even 400k Baht in the bank and living your life thousands of miles from the free healthcare you paid your taxes for. To not be able to save even the £16000 you need to be able to do it yourself is incredible over a 40 year working life......what were these people doing??? I have seen some of them living in Pattaya, its not a pretty sight, hardly living the dream. The selection process and lack of due dilligence on the choice of partner didnt help, ended up financing someone elses dream, now on the bones of their ass in Pattaya. Watched some guy knocking back three big bottles of Archa in the foodcourt of Big C last week, how sad, sat on his own, wasnt even mid day when he started. |
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Mosha
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Post by Mosha on Jun 7, 2016 20:38:30 GMT 7
Have to admit if this panned out, I'd struggle a bit. Sign the pledge, but I'm not so pesimistic. Company pension is linked to RPI not CPI, goes up in November. The house is the wife's, and rubber trees on the land. We'll get by. I think mid to high 40s baht to pound. High 47 means no visa run, below that off to Penang. Good mix of food.
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pathumseb
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Post by pathumseb on Jun 7, 2016 20:43:10 GMT 7
Somewhat concerned about how this will have a knock on effect on my plan to buy a condo in 2017. Any thoughts on it?
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Post by rgs2001uk on Jun 7, 2016 21:16:07 GMT 7
Somewhat concerned about how this will have a knock on effect on my plan to buy a condo in 2017. Any thoughts on it? How are you being paid, in $$$ or pounds? If anything there should be plenty of cheap condos on firesale. |
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pathumseb
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Post by pathumseb on Jun 7, 2016 21:23:39 GMT 7
Dollars- allegedly I can have it wired into my Thai account and then I can just click a few buttons and send it back to Blighty. Condo wise looking at developments along the proposed Red Line into Rangsit. Still possible to even pick up something decent for less than one million baht believe it or not
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Post by rgs2001uk on Jun 7, 2016 21:30:45 GMT 7
If you are paid in $$$$$ why not have it paid into a UK $$$ bank account?
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siampolee
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Post by siampolee on Jun 7, 2016 21:36:25 GMT 7
I wouldn't pay so much attention to those woe merchants . they are creating a climate of fear so as to influence the vote to a stay outcome.
The money market will survive as will the pound, a bit of a bruising for a time but the pound has stood well against the Euro over time.
The main influencing factor on the pound and any other surviving or any about to be resurrected national currency will in my mind be the repercussions of other countries wanting to depart from the E.U. midden.
As already said by Uncle Rubl the frogs want out.
Brexit exit vote win. Short term pain followed by a long term gain for the U.K in my view
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