KhunHeineken

I think the point the member was making is the boomers were allowed to "steal" due to government policies.

They are not stupid, they just have no way to escape.

Nah. Not for the average guy. They only do that for guy like Paul Hogan.

Maybe he's too afraid to make the move, so keeps holding off. Maybe he can't afford to stop working. Heart surgery isn't cheap. True. It's smarter to to give it all to a Thai bar girl and tell your friends, "my girl is different."

Where was it before it went into consolidated revenue?

So who will do the jobs Aussies refuse to do?

All most Australians will see is a drop in living standards over the next few years, and beyond. Successive governments have presided over the decline of Australia on the world stage. Banana Republic here we come.

And who made the laws that allows this to happen????

Correct. We took in the wrong immigrants. That's changed now, as they need to be skilled migrants. Nothing to do with racism or elitist, it's a fact.

Can you give a few examples? What is Australia doing right these days? I think not much.

Interesting article. I can't remember a time when this was the case. Sad, indeed. So much land, yet so little housing. Supply restricted, to create an artificial demand, thus inflated prices. Basically, government made homelessness. https://www.smh.com.au/business/banking-and-finance/more-australians-set-to-retire-in-debt-amp-20231211-p5eqkg.html

Everyone, not just pensioners. I'm not on a pension, and have been getting away with it for years, as are many of my friends. It's been proven that expat pensioners should be paying non resident tax, but they have also been getting away with it for years. (see Bob / Blake link) Th party couldn't last forever. If the proposed changes are not about the government closing loopholes for EVERYONE, what do you think they are about? There's no exemption for pensions mentioned in the changes. No new tax free threshold in the non resident tax brackets. You have already done the math. Sounds like you are preparing for worse case scenario, yet say I have a better chance predicting the lotto numbers. What a contradiction. I'm sure everyone will be pleased if they lose $120 a week from their pension. Should this happen, what will you post? And I did reply to that post. Look again.

So, there is a member with over 28k posts, who is very active on this thread, and who has been highly critical of my posts in the past, possibly to the point of putting me on "ignore" who, after months and months, hundreds of posts, many links, and some Youtube clips, who has only just in the last few days learnt / accepted there is no tax free threshold in the non resident tax brackets. Perhaps I need a louder drum. Of course, no content from you to help him out, just another off topic, baiting, flame, troll post. (not reported)

Albo needs another smoke screen to divert people's attention away from the fact Australia has some serious economic problems.

Maybe things aren't what they are cracked up to be when living in a 3rd World Country.

Any suggestions for the pensioners that need to show 65,000 baht coming in each month? Yes, we all continue to live. Nothing has changed at this point. You are the one that posted the calculations. You would have done the maths to see where you stand with it. Is that not informing one's self, and planing for the scenario? Some still think the proposed changes are only for guys like Paul Hogan, and the tax free threshold exists for non residents for taxation purposes.

So you chose to do 5 years. That's different to many people that only want to do the qualifying period for portability.

You have posted many links, which contain pages and pages of information. You have stated pensions are tax exempt, regardless of geographic location. You stated it's in the act. Can you quote the relevant clause that sets this out? Blake from the ATO doesn't seem to agree with you. Maybe you can set him straight. https://community.ato.gov.au/s/question/a0J9s0000002ngF/p00172380

Exactly. We have all been getting away with it for decades. The proposed changes is not a new tax. The proposed changes just allow the government to collect taxes that non residents should already be paying.

Correct.

Posted yet again. Do you see a tax free threshold? Your pension is deemed to be an income. (links previously provided) You are living in Thailand, therefore a non resident for tax purposes. There is no tax free threshold for non residents. (see below) Thus, 32.5% of your pension MAY BE withheld in the future. It's as simple as that. Foreign resident tax rates 2023–24 Taxable income Tax on this income 0 – $120,000 32.5c for each $1 $120,001 – $180,000 $39,000 plus 37c for each $1 over $120,000 $180,001 and over $61,200 plus 45c for each $1 over $180,000

It's been discussed for months, and you only no just realize the possible impact? Yes, wait and see, but as it stands, there are no exemptions, no new tax free threshold added to the non resident tax brackets, and no means testing to the proposed changes. What does this tell you? The government is well aware of thousands of pensioners retired overseas. If they didn't want some of their pension money back, they would have included one or more of the above in the proposed changes. They didn't.

I agree with your summary, and you are correct. It really is as simple as that, and that's because the government needs it to be. After so much discussion, links, Youtube clips etc etc, some people still don't get it. Amazing Thailand.

Exempt for Australian residents for tax purposes. No exemption for non residents for tax purposes. Non resident tax rates start at $0 for 32.5%. There is no tax free threshold for non residents, no matter what the source of the income is.

Tax File Numbers are like driving license numbers. You get one, and it's yours for life. Most Aussie expats have lived and worked in Australia at some stage, thus, they have a TFN. You could open a bank account and stuff all your money in that account, and not tell the bank your TFN, but all the bank does then is tax the interest at the highest marginal rate, which is something like $0.48 in the dollar, on every account where a TFN hasn't been supplied. So, how would you suggest an Australian lives, works, banks, and retires, without a TFN?