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Even at 38 baht to the pound most retirees won’t and cannot leave Thailand

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Even at 38 baht to the pound most retirees won’t and cannot leave Thailand

By Dan Cheeseman

 

leave-thailand.jpg?resize=800,500&ssl=1

 

The UK pound continues to drop against the Thai baht and at time of writing it is floating around the 42 baht to the UK pound.

 

baht.jpg?w=600&ssl=1

 

It was not long ago that Brits enjoyed a healthy 70 baht to the pound if you go back a 8 or 9 years ago, but since then things have gone from bad to worse.

 

According to pensionbee.com the average UK pension is £403 a week, this drops to £369 after tax. At todays price that is 62,000 baht a month, back when it was 70 baht to the pound retirees would have had 103,320 baht per month so the drop in income has been huge. In fact I would go as far to say that it has been devastating.

 

Many Retirees say 40 baht to the Pound is their breaking point, but is it?

 

Many retired expats comment on forums like Thaivisa.com that the breaking point for them is 40 baht to the pound, which if that is the case means we could see many British expats soon up sticks and leave Thailand. But, would they? What we don’t know is how sticky Thailand as a retiree destination is and there are other factors at play that I discuss later. I would suspect a fall any further will not attract more retirees but for those already here maybe home is still home whatever their budget.

 

For curiosity I wanted to run a scenario at a 38 baht to the UK pound and crunch some numbers around that point. To me it looks fairly tight. The lowest UK pensions come from the North East of England where they get on average, after tax, £269 a week. So let’s say £1,069 a month which is 45,000 baht to live on in Thailand.

 

Full story: https://danaboutthailand.com/2018/08/17/even-at-38-baht-to-the-pound-most-retirees-wont-and-cannot-leave-thailand/

 

-- DAN ABOUT THAILAND 2018-2018-08-17

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Posted (edited)

If I was in this situation I'd have a thorough look at some European countries, Portugal in particular. But only for guys without a family. And the option may go after Brexit.

Edited by KiChakayan

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Quoting average figures make no sense whatsoever.

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BANGKOK 25 September 2018 06:58
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