KhunHeineken

For everyone, zero, if / when the new changes come in.

I read the link. Question still stands.

Is that their current status, or their status after the new changes come in?

Here's the website I think you wanted to quote previously. www.dss.gov.au .gov, not .com. Here's a relevant paragraph. "The availability of short-term portability (excluding DSP, Widow B and Wife pensions) depends on whether the customer continues to satisfy the residence requirements. In deciding whether a person travelling overseas for a short time continues to reside in Australia, regard is given to the nature of the person's accommodation in Australia, family relationships, employment, business, financial ties, assets and the frequency of or duration of travel outside Australia. Recipients who return to Australia just to renew their portability period would not satisfy the 'residing in Australia' criterion and would not qualify for continued payment." The document was last updated 6 years ago, in 2016, where they reduced Family Tax Benefit from 56 weeks to 6 weeks for non residents. I won't say it, because I will be labeled a scaremonger or troll, so I will ask it. How relevant do you think this document is to the proposed changes being discussed?

I don't have a link to a law that has not come in yet. I used the words "I can only see" I didn't use the words "They will" or "It will." After reading the proposed changes, maybe you can explain to me then how someone outside of Australia for 184 days, that's 1 day over the limit, will still be deemed a resident for taxation purposes. I get what you are saying, but for me, the 183 days either locks people into residency, or locks them out of residency. I doubt it will just be used to only lock people into residency, and there will be zero attention to those locked out of residency, like expats. Like I said, if inside for 183 day, you are a resident, no dispute, but outside for 183 days, how would one then argue they are a resident for tax and not a non resident? The law can't be there for some, and not for others.

Good move. Those constantly transferring from their bank here, to an account in their name overseas, draws attention.

Sure, anything's possible. They could possibly change it from $0 to $120,000 to $50,000 to $120,000. Or, they could simply exempt the old age pension. We have all see the proposed changes, but I haven't seen any new threshold proposals as yet. Next year, Australia will hit 1 trillion dollars debt. They will be looking for every dollar they can find, for anyone, and everyone. I'm not so sure they will be handing out any free passes to expats.

Are you transferring to Thailand out of your CBA account?

I can only see it working both ways. Inside Australia 183 days, outside Australia 183 days, they'll scoop up the lot.

It's a disability support website. I think you have just lost any credibility you may have had. ????

I'd be interested in any link you could provide showing the historical changes and exemptions. (grandfathering) Why would they "grandfather" in expats, after they have gone to all the trouble and expense to draft legislation that is designed to tax expats?

Ahhhh, The Paul Hogan theory. ???? The non resident tax rate from $0 to $120,000 is 32.5%, from dollar number one. Scroll down for non resident rates. They are harsh, and will have a financial impact on people these new laws will effect. https://www.exfin.com/australian-tax-rates No time and resources needed. Computer data bases do everything. No applications for a review, or appeals. 183 days is 183 days.

Ahh, the "It will be in the papers" theory. What would you propose the pensioners living overseas do about it? Perhaps we could protest outside Australian Embassies all around the world. ???? For sure the pensioners living in Australia couldn't care less. Why would they, it doesn't effect them one bit.

These new changes only target Paul Hogan. Everyone else outside of Australia for 183 will be exempt. ????

Nothing to audit. They know Centerlink gives you a pension, and they know you are outside of Australia for 183 days. That's all they need to know.

So if he doesn't volunteer the information, why does he need to return to Australia every year? How many days will he be back in Australia for each year, could it be 183 days? Could it be, he MAY make a false declaration at some stage? Did he give any advice for guys you don't return to Australia? He's gotta be scaremongering you, surely. ????

When's the last time the government did the right thing for anything?

Let's all keep the Singha flowing till next year then. Next year, we can downgrade to Leo. ????

You'll be fine. Deal with it if / when it happens. No need to even consider your options now. It's all scaremongering. The government went to all the trouble and expense to draft the legislation just to catch out Paul Hogan. You're not Paul Hogan, are you? ????

Let's hope so. For others, such as myself, with assets / income in Australia, we may not be so lucky. Again, how many expat pensioners go to the Australian Embassy at election time? No votes lost, and people back in Australia couldn't care less.

For the record, I have never once said pensions WILL BE taxed at non resident rates. I have used words like "may" "possibly" "possible" "possibility" "could." I have never proclaimed to know EXACTLY that these changes are coming in, and when they are coming in, and how they will be implemented. I have posted this many times. For this reason, I have no idea why it's scaremongering. It's a heads up to members on this forum of the PROPOSED changes. These changes are a fact. Great. What about after the 1st July? What about 2022? Can you give some details about your source? Some like to be a little more proactive. I highly doubt that. It would cause a lot of early retirements, for the people wishing to join the scheme, so that's turning tax payers into pension receivers. In any case, do you have any advice for future retirees to Thailand, being that they are not grandfathered in?

I'm already making plans for IF it does impact me. I am looking at my options, and time frames. I have a rental property in Australia. Between management fees, council rates, insurances, repairs and maintenance, and possibly non resident taxation on the rent, there may be no point keeping it. Trouble is, the market's on the way down. If I sell it, after paying all the fees and taxes, that money is going straight over to a bank account in Singapore, along with the everything else. Well said, Mr. Packer.

I've showed some courtesy by replying to posts directed at me. No need to reply to this post. ????

Yes, but I am already making plans for a few possible scenarios. I don't want to wait until it's on me to make some moves. Like I said, it was just a heads up for members and then the following discussion got busy.

How many expat pensioners lodge tax returns? Correct. That is the law. From dollar number one, no tax free threshold. I didn't put forward a theory, I asked you some simple questions. Expats will still get a pension. It just MAY be less 32.5% because non resident tax has been taken out, IF pensions are not exempt. Same as you work for someone and at the end of the week the boss takes out tax and super, and you get the rest. No, it's easy, too easy for them. That's why they are bringing in the changes. Example: John Smith is an Aussie and been living in Thailand for a few years on an Aussie pension. The new laws come in. Immigration then shows John Smith is outside of Australia for 183 days and informs the ATO. The ATO inform Centerlink, and the pension is taxed at a non resident rate. John Smith gets a smaller pension each fortnight. Computers do everything, and John Smith can't ask for a review, or appeal. They have John Smith on toast. Is what I described an opinion, a theory, a prediction, advice, making stuff up? Regardless if it's one, or all of these, is it possible?