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My Money

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  • My Money

    Hey all. I am going to Thai soon to be with the girlfriend (Im 66 she's 55). She has money and her own house and I am planning on staying with here for a few years.
    I want to know what to do with my money.
    I have gov. pension. I have £35000 in one UK bank and £70000 in another UK bank. I am planning to drip feed money into an account in Thai...and yes I know all about medical fees and Visa fees and how much I need to keep in the Thai account etc ... but where or what is the best I can do on keeping the money safe ?
    I want to know what is the best thing to do with my money ?
    cheers for any helpful advice

  • #2
    I would definitely keep your money in the UK banks, your are afforded far greater protection if things go wrong.

    If you have not yet done so, perhaps open a Wise account (formerly TransferWise) and send money over to Thailand as and when you need it.

    Given the sums involved, have you prepared a Will?
    Tobias - โทเบียส
    Every vaccination gives us HOPE.
    Don't delay in getting your
    COVID-19 vaccine when it is offered.


    • #3
      Thanks Tobias. Have been using Transferwise for many years. I was hoping someone was going to say about a nice trick with the banks like offshore tax free or something ......but I dream .....
      Yes I will put only what is necessary in Thai Bank and yes I have a will .
      Cheers .


      • #4
        When I sold my house I had a large amount of money to bank, I put it into the government savings bank called NS&I they used to give a great interest rate, but that’s now come down in line with other high street interest rates, but the good thing is that they will cover 100% of your money unlike other banks that cover up to £80,000, withdrawals from the bank and transfers are easy as well.