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Raindancer

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Posts posted by Raindancer

  1. 6 minutes ago, scubascuba3 said:

    like i said, if you don't like it or it doesn't suit you i couldn't care less, you're probably a child watching TV all day

    What a sad nasty comment.  You are obviously a sociopathic narcissist who does not like being challenged.

     

     

    • Agree 2
  2. 1 hour ago, scubascuba3 said:

    i had one and a minix air mouse, both inferior to using a smartphone 

    Minix inferior!....ridiculous  statement from you.   And your claim that your Chinese smartphone is superior to minix for viewing, is just utter nonsense. 

     

     

    • Like 2
  3. 3 minutes ago, CallumWK said:

     

    I have a hard time to believe that WU would be cheaper, as they are infamous for being the most expensive way to send money overseas. So I wonder what is missing in that comparison chart.

    Agreed.   Many reviews are 1 star.  Just read numerous reviews on various review websites.   I think I will stick with Wise, for simplicity  and speed of receiving monies.

    • Thumbs Up 1
  4. 9 hours ago, sometimewoodworker said:

    Neither of the statements above are correct.

     

    You have an OAP allowance of 190,000 it is not an exemption.

    IT IS NOT AGAINST PENSIONS per sei it is against all assessable income.

     

    it like other allowances reduces the amount of tax you need to pay, or increases the amount of income before you pay tax

    There are some allowances that are specific to a particular type of income, the OAP allowance is not one of those.

    there are some allowances that are dependent on your family, the OAP allowance is not one of those.

     

    Thank you for clarifying this and confirming my thoughts on the 190k deductible.

  5. 11 minutes ago, worgeordie said:

    Is there a cheaper way to do it ..

    regards Worgeordie

    If you log onto your wise account> send> enter £3000, it will show you the rate.

     

    You don't have to actually send the money.

     

    Scroll down and click on " "compare", it will list all other companies.  And wise comes out 2nd from top, comparing amount received.

    But I prefer wise for swiftness of delivery.  I've never tried western union  so cannot comment.

  6. 3 minutes ago, worgeordie said:

    While on Wise , my daughter send me 3,000 Sterling the other day , it came through

    fast enough to my SCB account , but she was charged nearly 20 Quid for sending it,

    does that sound right ? , I thought they were supposed be be the cheapest, thanks

     

    regards Worgeordie

     

    Yep.  £18.81 using manual bank transfer.

    • Thanks 1
  7. 6 minutes ago, proton said:

    This was in the email, been using it for years, they say its needed by law

     

    We need some more info from you to keep your account working.
    Because of the way we’re regulated, we’re required by law to collect additional information from you.
    Here’s what you need to do:
    1. Click the button below
    2. You’ll be asked to upload a new picture of your ID, and take a selfie so we can verify it’s really you
    3. That’s it — as soon as we verify your ID you’re all set
     

    Understood.   I verified my ID years ago when I opened my account.  But if they ask for it again, it will not present a problem.

     

    I have set a communication code in settings> privacy, which Wise have confirmed by email.

     

    Thus, every time they write to me, it will show the pass code to verify that the email is from them.

     

     

    • Like 1
  8. 7 hours ago, proton said:

     

    When you log in there is a red banner at the top stating

     

    We need important information from you by 21 August, so you can keep using your account.

    That does not appear when I log in via the app, nor on their  website, whichever way I log in.

      Maybe it applies only to certain account holders, and that's why you can see it, and I and others  cannot.

    • Like 1
    • Thumbs Up 1
  9. 9 minutes ago, proton said:

    It's legit it comes up on the website- no photo ID by Aug 21 and they are closing accounts.

    Do you have a link for that. 

     

    I have just been onto their website wise.com and cannot find that notification.  Nor is it on my account notifications.

     

    I'm not doubting you, just trying to find the info on their site.

     

    Thank you

    • Agree 2
  10. 15 minutes ago, Guavaman said:

    The TRD terms define how and where to enter the numbers into the tax form. For example, the 190,000 income exemption is subtracted from pension income before the calculation of the amount of expenses deducted @50% up to 100,000.

     

    If we use our own terms, it becomes a cause of confusion in communications, as we have seen in these threads. 

    I was addressing someone else.  And I didn't mention income tax forms,  nor where to enter any figures. 

     

    I knew exactly what I meant, as I'm sure you did. And I'm sure others did as well.

     

    Even using your statement of the 190k is deducted from pension income, still makes no difference to the max amount I can use as a deductible.

     

     

     

    So let's just leave this and move on.

     

     

     

  11. 1 minute ago, Guavaman said:

    We need to use the TRD terms to avoid confusion.

    Me:   60k = personal allowance

    Wife: 60k = personal allowance

    Over 65:  190k = income exemption

    50% of pension 100k = deduction of expenses

    Ist 150k earnings before any tax is paid. = income taxed at 0%

    Plus wife's medical insurance. = allowance

    Really?   I cannot see any great differences between my list and yours apart from different definitions, which in truth are semantics.

     

     

  12. 7 minutes ago, sometimewoodworker said:

    Are you sure? Pensions are considered income are they not? 
    Thus if you have assessable income you have an allowance for expenses do you not?

    Not as far as I can see.  My assessable allowances are:

     

    Me:   60k

    Wife: 60k

    Over 65:  190k

    50% of pension 100k

    Ist 150k earnings before any tax is paid.

    Plus wife's medical insurance. 

     

    Therefore, total allowances 560k, plus wife's health cover payments.

     

    So, I don't see where I can apply " expenses" as another deductible.

     

    Total

  13. 1 minute ago, bkk6060 said:

    Many talking about leaving before 180 and listing off several countries they will go to when they leave.  I hope those are figuring the cost of airfare, hotels, transportation, etc.  I did this and came to the conclusion it would be less expensive to stay here and just pay the tax.  Hopefully not, but I am happy here paying some menial tax in my situation is no big deal.

    Agreed.  Why not just wait and see how this all pans out.

     

    I have no tax liability and even if I did, I would wait out until everything is officially announced and promulgated. 

     

    Then and only then, would I consider my options.  

     

    But each to their own.

  14. 6 minutes ago, Guavaman said:

    These are standard deduction amounts with no need to provide details.

    Guide to Personal Income Tax Return 2023 (...90) For taxpayers who received incomes not only from employment

    No. 1 item 5.

    Enter allowable expense equal to 50% of the amount stated in item 4. but not exceeding 100,000 baht. If you and your spouse both have income and you are filing jointly, you and your spouse can each deduct expense as stated above. Thus, the maximum allowable expense is 200,000 baht in this case. 

     

    See https://sherrings.com/personal-tax-deductions-allowances-thailand.html

     

    Thank you for clarifying that and the link.

     

    But as my wife and I are not earning an income, this doesn't apply in my case, as far as I can see.

     

    Notwithstanding that, I guess I will just wait and see how all this TRD proposal takes effect, if at all.

     

     

  15. 2 hours ago, beammeup said:

    So if you have greater than 200000, you will be able to deduct (from A4above) - expenses 100000? Do you need to prove these expenses?

    What expenses?  I cannot find anything under this as a deduction.   The table that Mike Lister provided comes to 560000 in my case.  But I don't see " expenses" as a deductible.

  16. 48 minutes ago, sometimewoodworker said:

    Not intrusive. It is a standard allowance for all, there is nothing required for proof

     

    NB the figures I give above are provisional. I am going to have a conversation with a tax accountant next month 

     

    nothing I have posted is advice, it maybe totally wrong.

    Many thanks.  I have the allowable deductions as posted by Mike Lister.  But I don't see any allowances for " "expenses".

    I'm not saying your table is incorrect.

     

    My deductible allowance including the 1st 150k before tax is deducted, come to 560k

    So, I guess we will just have to wait and see, if and when the TRD actually publish and enforce the latest statement for expats.

    • Like 2
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