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Pensions - or not - in Thailand?

Discussion in 'Teaching abroad' started by claytie, Dec 7, 2019.

  1. claytie

    claytie New commenter

    I can’t find any reference to teachers receiving a pension fund at international schools in Bangkok? I know they do in Malaysia. Any info?
     
  2. claytie

    claytie New commenter

    Sorry, folks; just found a message about this. No pension....☹️
     
  3. dumbbells66

    dumbbells66 Lead commenter

    but the top schools pay very well. the extra you get in pay will be easily off set any pension provision. i definitely would not be discounting BKK just because of this
     
  4. claytie

    claytie New commenter

    That’s interesting. Thanks, Dumbbell66. However, Malaysian schools’ provident funds pays interest. But maybe the wage is nowhere near as good as the Baht?
     
  5. Helen-Back

    Helen-Back Occasional commenter

    Have a look, at Andrew Hallam's book, Millionaire Expat. Definitely worth reading
     
  6. fubarr

    fubarr New commenter

    I have worked in Malaysia and I know that the EPF there is very good, however I now work in a school in Bangkok which runs an equally robust provident fund. Some schools give teachers what is referred to as a "bonus" but is in effect their way of pretending to give you a pension.
     
    claytie likes this.
  7. the hippo

    the hippo Lead commenter Community helper

    Yes, buy a copy of the book and contribute to Andrew Hallam's pension.
     
  8. Helen-Back

    Helen-Back Occasional commenter

    The man earns about $2 a book. Not unreasonable when you consider the likely costs of Friends Provident and others.
     
  9. fordseries123

    fordseries123 New commenter

    He wrote a book that provides some interesting information to consider.

    Not sure what the point of your negative comment is.
     
  10. the hippo

    the hippo Lead commenter Community helper

    Lots of people who try to get some free advertising on the TES would probably say that they are providing "some useful information to consider."
     
  11. motorhomer

    motorhomer New commenter

    Hippo, his intention is to try and help expats invest wisely. Perhaps those who lost a lot of money through making risky investments in oil would be better off today if they had read and considered his wise words...
     
  12. 576

    576 Established commenter

    The hippo has something against Andrew or his book.
    As he also has something against posting advice here for all to read, preferring to request that people pm him
    He also has something against council tax, I guess because in Bulgaria volunteers come and empty your bins for free...
     
  13. percy topliss

    percy topliss Occasional commenter

    Well, that went downhill quickly....maybe you should write a blog?
    ;)

    Perce
     
    gulfgolf, Helen-Back and dumbbells66 like this.
  14. fordseries123

    fordseries123 New commenter

     
  15. the hippo

    the hippo Lead commenter Community helper

    Hippos are gentle and sensitive creatures. I am upset by your cruel comments.
     
  16. ToK-tastic

    ToK-tastic New commenter

    back to the OP - Most of the BKK schools have an EPF, the employers match ranges from 5% to at least 15% depending on the school. 15% is the highest that I've heard of, maybe BKK based posters here can let us know if they know of a higher employer's contribution.
     
  17. claytie

    claytie New commenter

    Yes, that would be helpful to know!
     
  18. makhnovite

    makhnovite Established commenter

    Hippo, his intention is to try and help expats invest wisely.

    I am sorry the intention of anyone who writes and publishes a book is to sell as many copies as possible and make as much money as possible. Particularly as the basis of Hallam's advice is to put your money in an index tracking fund - anyone who follows this advice please feel free to send me the same $2

    As for motorhomer, more fool you for thinking you could game the system!!
     
  19. gulfgolf

    gulfgolf Established commenter

    Said the man whose grandmother never penned a book about the complex relationship between our ancestors and a particular piece of geography.
    Truly, there are many reasons to write and publish. Money is often not the first driver.
     
  20. Helen-Back

    Helen-Back Occasional commenter

    As someone who is in the book and has spoken to him about this (in fact he got quite upset with me for suggesting a money motive), I truly believe that is not his motivation. He didn't even start charging for presentations until about 18 months ago. Before that he asked for flights, a spare room and to be fed.
     
    Last edited: Dec 11, 2019

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