Thai Widows and Expats
FORUM SPONSORS
Whilst many of us have a good occupational pension, some will have in addition a small pension/annuity, which perhaps comes from some distant investment or employment.
The income from these pensions is often so small that after bank transfer charges there is very little left.
From April 2017, it will become possible to cash in these pensions for a cash lump sum (taxable). Full details will become known soon, but the method to be used is that the pension will be sold to a 3rd party, who will pay out a lump sum, and continue to collect the regular monthly payments
http://www.dailymail.co.uk/news/art...n-people-able-sell-annuity-lump-sum-2017.html
The income from these pensions is often so small that after bank transfer charges there is very little left.
From April 2017, it will become possible to cash in these pensions for a cash lump sum (taxable). Full details will become known soon, but the method to be used is that the pension will be sold to a 3rd party, who will pay out a lump sum, and continue to collect the regular monthly payments
http://www.dailymail.co.uk/news/art...n-people-able-sell-annuity-lump-sum-2017.html