Transcript of the above video:

As the title of this video suggests, we are discussing British retirees, specifically in the notion of pension "freezing". The reason I thought of making this video was from a recent article in Pattaya Mail, pattayamail.com, the article is titled: Frozen in Thailand. Quoting directly: "As is known by every British expat in the Land of Smiles retirees here receive a frozen state pension from the date they become non-ordinarily resident in the UK. The grievance has been debated endlessly inside and outside the UK Parliament with no positive result. Brits residing in most Asian countries are in the "Frozen" state but those in the Philippines receive an annual if paltry, increase." So I just thought, and I urge those to check this out. The article is: Grapevine: Hardly a Pension, Pattaya Mail, pattayamail.com. I urge those who are watching this video to go check that out. You can get more insight there. 

I didn't really think of this. It is my understanding that Social Security, my understanding, continues to have a cost of living adjustment that depending on circumstances may go up. As noted, it might be considered relatively paltry by the folks who are basing their living arrangements around a fixed income and Social Security in the United States but it is definitely not the kind of "frozen" situation that a lot of British expats are apparently dealing with when they are expatriated and retired here in Thailand. 

Pensions are a real issue. We have discussed in other videos on this channel, pensions for anybody of any nationality may have an impact on one's ability to maintain Retirement Visa status here in Thailand as there is a minimum threshold presently of 65,000 Baht a month that must be brought into a Thai Bank Account as a pension income in order to maintain Retirement Visa status. So this is not something that should be looked upon lightly; not something to take lightly. If you end up with a “frozen pension” if you will, and between inflation and the exchange rate you end up sort of underwater with respect the amount of money that is coming into your Thai Bank Account that can pose a real problem for maintaining long term status here in the Kingdom of Thailand.