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Search: Posts Made By: mikemike
Showing results 1 to 25 of 28
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Forum: Philippines
Jun 9th 2023, 5:28 pm
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

you can if needed open an account at PNB in london victoria
Forum: Philippines
Jun 8th 2023, 6:58 pm
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

I never supplied a tin and the pensions do now match the Uk tax allowance so probably not deductable. i have completed a P85 on line for HMgov advising where i am living yet to know how that is being...
Forum: Philippines
Jun 6th 2023, 5:43 pm
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

both of my Uk pension providers send direct here, just cost of money transfer is deducted. My state pension is a while away yet
Forum: Philippines
Jun 6th 2023, 1:40 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

getting them paid into a philippines bank account has never been the problem. The challenge has been to have them paid gross of UK income tax, or paid by the SSS here in the philippines

Has anyone...
Forum: Philippines
Jun 5th 2023, 12:24 pm
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

so it is back to the double tax arrangement if any. so the Uk pension gets paid here instead of Uk, so the Uk personal allowance is not used against state pension income when other uk based pensions...
Forum: Philippines
Jun 5th 2023, 4:50 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

I think the TIN with a 13a or pra approved retirement visa will be the evidence needed.

the part i remain confused over is how does the Uk government communicate the amounts payable to the...
Forum: Philippines
Jun 4th 2023, 6:21 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

''the PRA still promotes the SRRV based on pension income being non-taxable''

and they are correct once received here the pensions will not be subject to local taxes as all pensions are exempt...
Forum: Philippines
Jun 3rd 2023, 9:38 pm
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

I read this as taking a business context and bias. , yes, pensioners are mentioned and then in the last paragraph suggests it maybe open to ''interpretation'' there is no mention of the treaty...
Forum: Philippines
Jun 3rd 2023, 12:49 pm
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

Do you collect your Uk state pension here, or does the Uk gov send here as exempt from tax

if so, UK personal allowances can be used against other Uk pensions income ?

i have not yet heard from...
Forum: Philippines
Jul 22nd 2022, 5:50 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

I see no reason why the passports would be held, mine was not. The dollar cheque drawn on a new york bank can be deposited into a philippines $us bank account. From here it is sent to new york for...
Forum: Philippines
Apr 11th 2022, 6:25 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa - Interest Rate on Time Deposit (TD)

agreed this is a very close reflection of just how low interest rates have fallen.

In saying this the dollar interest raes set by their fed are on an upward trajection, maybe the local equivalent...
Forum: Philippines
Sep 29th 2021, 6:51 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

I cannot but wonder as to what an ''inactive SRRv holder would be?
Forum: Philippines
Jan 15th 2020, 12:30 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

I think he is asking if it will be taxed in the Philippines. the answer is No as at this time all pensions in the Philippines are tax exempt.

As for tax at source for your pensions that will be a...
Forum: Philippines
Nov 11th 2019, 10:26 pm
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

taking philippines citizenship is more than being here for 10 years. You can do it in 5 years. suggest you research this and its implications for any assets held here on death etc
Forum: Philippines
Mar 24th 2019, 6:05 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

SRRV, contact the PRA with your query re services qualifications.

I gave up the SRRV for a 13a as I did not want my deposit to fall under Philippines death duties laws. By the time that attorneys,...
Forum: Philippines
Oct 25th 2018, 11:24 pm
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

Stok

Looks like the terms and conditions have changed since I was on the SRRV. I left that to 13a in 2011. Up to then you did have to travel once a year to maintain the exemption from travel tax...
Forum: Philippines
Oct 23rd 2018, 3:41 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

You are expected to travel annually to maintain the free of charge exit clearance within the calendar year starting January 1st.

I have never known anyone to be turned away from a new bank account...
Forum: Philippines
Apr 26th 2018, 2:23 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

Yes that figure is correct and you do get it back in full if you leave the scheme. Can take a couple of days and it will be drawn on an overseas bank cheque that can take up to 40 days to clear
Forum: Philippines
Apr 11th 2018, 12:48 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

When resident of the Philippines but NOT a CITIZEN you may have overseas earnings and capital gains exempt from Philippines tax.

You may be liable to tax in the countries where the income and...
Forum: Philippines
Jul 31st 2017, 11:08 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

Hs to be said I am pleased I moved over to the 13a visa, transferred my deposit back to the UK. My concerns have changed since my SRRV days number 1 being that my wife and children cab get to my...
Forum: Philippines
Mar 31st 2017, 11:02 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

should have proof read what i wrote the last line should be

Should your income or capital gains arise in the Philippines you may subject to taxation in the Philippines.

PEZA/SRRV exemptions may...
Forum: Philippines
Mar 31st 2017, 4:21 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

I believe that as we are resident and not citizens we do not get taxed on income or capital gains arising from OUTSIDE the Philippines.

Bringing in the proceeds by using an ATM card is also non...
Forum: Philippines
Aug 23rd 2016, 1:46 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

1/ Residents who are not citizens of the Philippines do not have to declare offshore income or capital gains. Covers most expats, except for those who have such incomes paid direct to the...
Forum: Philippines
May 4th 2016, 7:01 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

Yes, our two children are dual
Forum: Philippines
May 4th 2016, 1:14 am
Replies: 184
Views: 87,672
Posted By mikemike

Re: SRRV Retirement Visa

Does this affect your wife's ability to hold a UK passport?
Showing results 1 to 25 of 28
 
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