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pauku1

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Posts posted by pauku1

  1. 10 minutes ago, spambot said:

    .... While some tax might be saved through Dual Taxation relief, in the case of a UK pensioner this might not be as clear cut as identified in the article, which says…

     

    "John’s pension, while now subject to tax in Thailand, might find some relief through a double taxation agreement between the UK and Thailand."

     

    The double taxation treaty means that any pension income, should it be private pensions or state pension, is taxed locally in the UK, but can not be double taxed by Thailand.

     

     

     

    A rough and dirty calculation - If all of  Pension coming in from UK was say a total value of 500,000 Baht (about same as New state Pension) and if no personal tax allowance is given consideration, while including the statutory 60,000 exemptions, but not including child or spouse or health exemptions, Taxed on 440,000 Income -  The Tax payable would be 21,500 (£475).

     

    Obviously this is 'Only' if the personal allowance (Single person) is not made available for UK pension payments sent to Thailand.

     

    This is not Tax advice since I have no idea better than the next, what the Thai Revenue will decide - This is only meant to identify what might be possible and is not meant to be anything other than a personal contribution to understand some of the potential issues for many UK pensioners living in Thailand. 

     

    Here a small excell to play with the numbers.....

     

     

    taxel.xls

    • Thanks 2
  2. On 25.4.2017 at 2:50 PM, Naamblar2014 said:

    Today was still pending.  Got the wife to call immigration this time.  Initially met with the same 'it's broken , have to come in ' but after insisting it has only recently come back online,  the staff sort assistance from another staff member who looked it up and approved it.

    Filled the form on 25.04.17 online. Form was accepted but until now is still pending.

  3. On 7.9.2016 at 8:29 AM, Faz said:

     

    1.     Completed Form TM 7 (Must be printed on both sides of one sheet, not 2 separate sheets)

    2.     Passport + Copy of Homepage showing given names / Passport number / Hologram or Photo, plus;

    Copies of;

    - Last Visa

    - Current Extension

    - Last Entry Stamp

    3.     Proof of Address

    Rented.

    - Copy of House owners Tabien Baan and ID card.

    - Rental Agreement + Copy

    - Yellow Tabian Baan (If you possess one)

    Owner/Condo

    Blue Tabian Baan (foreigners name will not appear in the book)

    Title Deeds (Chanute)

    Yellow Tabian Baan (if you possess one)

    Private None Rented.

    Copy of House Owner Tabian Baan and ID card. (Wife, g/f, friend)

    Yellow Tabian Baan (if you possess one)

    Where there is no proof of rental contract or foreign ownership, Immigration may request additional documents, such as proof of relationship or home ownership.

    4.     Map pinpointing and detailing Address

    5.     Proof of sufficient funds.

    If using the funds in the bank method - Updated Passbook and Copy + Letter from the Thai Bank confirming funds. (Must match funds in Passbook) OR

    If using the income method - Letter from your Embassy confirming Income.  OR

    You can use a combination of the two method providing it adds up to 800,000 baht, or 65,000 baht per month.

    6.   Passport photo (attached to TM 7 Form)

    7.   Copy of both front and back of your TM 6 Departure Card.

     

    Copies of your documents should be signed by you.

    Copies of Thai documents should be signed by the Thai, including their mobile number.

     

    Regarding the new Foreign National Information Form, I only entered the basic details.

    I was not asked to complete details of social media, vehicle details, or bank account details.

     

    Report 27.9.2016 Prommenada - 1-year-extension-ret:

     

    Had everything quoted with me (private not rented)

    Arrived 4:30 am - number 6 - called 10:00 am - finished 10:30 (out with passport stamped!)

     

    Thumbs up @Faz and thanks for your post!

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