KhunHeineken

The price of having a beer in a pub or club is now at the point where is it changing Australian culture. Sad days indeed.

That's not sad news to me, coming from a troll who offers no content to this thread other than personally attacking every post I make. Water off a ducks back for me, and I have never reported anyone else's posts, ever.

Must spend 2 years living in Australia. Well documented and discussed.

Possibly because you give up some rights once you chose to live in another country, after all, you are not a citizen of that country. Obviously this should be taken into account become deciding to live abroad, but for many, the reality hits home once they settle in, and then they start to complain. Can you give some examples of the complaints you are referring to?

I can see you are having another dig at me, yet, aren't you scaremongering when you say, and by your own calculations, pensioners MAY lose $240 per fortnight? Why is it when you say it, and back it up with calculations, it's fine, but when I simply alert members to the proposed changes, and their possible impact on pensioners, it's "scaremongering?" Ahhhh, the hypocrisy. As for the "SLAMDUNK" the only slam dunk I see is from either the Australian government, the Thai government, or both.

One post you are a veteran on a services pension, and previously living in housing for veterans in Australia, and then on another post you are on an aged pension and ringing Centerlink. You can't have both pensions. Can you state, once and for all, what pension you are on?

They should have geared up for the aging population, but no.

Many pensioners are hoping you are right, and their pension is tax free, no matter where they chose to live in the world, so please post a link to "the Act" with the relevant clause of information that sets this out so the champagne can start flowing.

I agree, and well said.

You quoted "the Act" so you should link it, and highlight the relevant information in your narrative.

Once again, irrelevant, as immigration knows we are outside of Australia for 45/183 days. If only it was as simple as moving money offshore once a year.

Eagerly awaiting "the Act" link.

We are not living in Australia. We are living in Thailand. The game changes. Another member has asked you for a link to "the Act" and so will I. Please post the act saying that a pension, which is deemed an income, is exempt from non resident tax for those choosing to live abroad in retirement. No, taxation laws for non residents have been the same for 90 years. That 90 year old legislation has a lot of holes in it, and that's why we have all got away without paying. The proposed changes are not a new tax. The proposed changes just close the holes that many, including myself, have slipped through for years.

How much detail does it give the immigration department to unravel - ZERO. They will be the ones to inform Centerlink / ATO you have been outside of Australia for 45 / 183 days. All done by a computer.

You are correct, the service pension is tax free, but, many recipients of a service pension also worked. Their total income, which includes their service pension, goes into the mix for the ATO and treated as combined income. We have already establish a pension, of any sort, is deemed to be an income. A veteran living outside of Australia is still a non resident for tax purposes, thus, their services pension will be classified as any other pension and taxed at non resident rates. It's all about tax residency, not what type of pension it is.

As per the calculations of another member, it's a loss of $240 a fortnight. This may put some pensioners in some financial hardship, causing a decline in lifestyle, or, a return home to qualify for tax resident status every year.

The proposed legislation is a fact. That's all we have ever discussed on this forum. I have never stated that they have been passed into law. You can sit back and do nothing until they are passed, or thrown in the bin, or, plan for the possibility they do get passed and the consequences thereof, but to say the proposed changes are not a fact is laughable.

Clearly, it means more than "diddly squat" when accounting firms, financial planners, investment houses etc are warning their clients. It's not about "worrying" but about preparing. there is a difference. For a non resident for taxation purposes, I don't think so. So, by your calculations, it's possible pensioners will lose $120 a week, yet, some people believe the proposed changes "are only for guys like Paul Hogan." Now, by your own calculations, it appears it's for everyone. Yes, we all should have been paying non resident tax, even pensioners. It's not a new tax, just a new way to enforce that it's paid. For someone who is not "worrying" about it until it comes in, why even bother doing the math?

And yet, just an hour ago, a member was still under the belief the tax free threshold still applies to non residents for tax purposes. How many members still believe the proposed changes are only for guys like Paul Hogan, and if you still have a Medicare Card you are still a resident for tax purposes.

It's proposed legislation. Is that a fact, or not? How many links do you need to see showing you this? Where's the "opinion" in it. There were proposed by the Liberal government and they are in Labor's "in tray." Link provided for this also. Can you post a link that shows I have made the proposed changes up, or it's all fake news? I've posted link after link after link. Where's the "opinion." The proposed changes are there for you to see. Sure, we can discuss law interpretation, tax minimization strategy etc, but to say the proposed changes is just my "opinion" is BS. It's all over the internet from credible sources, even the government's. Proposed changes - fact. Links provided. Pensions are income - fact. Links provided. Pensions are taxable - fact. Links provided. No tax free threshold for non residents - fact. Links provided. Show me where the above is just my "opinion."

Correct. Only a small amount of foreigners have permanent residency.

I believe there are a small amount of foreigners that hold permanent residency here. The criteria and hoops to jump through are difficult.

No deflecting at all. By all means, be as direct as you like. Here are the resident tax rates and non resident tax rates from the ATO website. Can you show me where is the tax free threshold for a non resident for tax purposes? See the part $0 to $120,000 is 32.5% tax. That's on the whole $28,514 once deemed to be a non resident for tax purposes. We all know there's a tax free threshold if you are a resident for tax purposes, but that's not relevant to most Aussie expats living in Thailand who will be deemed to be a non residents for tax purposes when the new laws are legislated. Foreign residents tax rates 2023–24 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 Australian residents tax rates 2023–24 Resident tax rates 2023–24 Taxable income Tax on this income 0 – $18,200 Nil $18,201 – $45,000 19c for each $1 over $18,200 $45,001 – $120,000 $5,092 plus 32.5c for each $1 over $45,000 $120,001 – $180,000 $29,467 plus 37c for each $1 over $120,000 $180,001 and over $51,667 plus 45c for each $1 over $180,000

Tax residency status, for both Australia, and now for Thailand with it's new policy, is like Covid - we are all in this together.

Good to finally get some content from you. So you will meet the 45 days test, and easily meet the the second factor tests of being an Australia citizen, and having family ties. As it reads to me, you'll have to do 45 days in Australia each financial year. Do you agree, or disagree? There's also the new policy of Thailand to consider that they will start to tax remitted funds into foreigner's bank accounts. I haven't read Australia tax treaty with Thailand yet, but if pensioners have to pay, it's around 7500 baht a month. Link to Thailand's tax brackets posted previously. This is how you, me, and many others, have slipped through the net for decades. That will change when the proposed changes are legislated. If we want to remain tax residents of Australia, it will involve a "physical presence" in Australia for either 45 days or 183 days. As I have said, the pension payer will not also be the tax collector of the same funds. Why would they be? They will simply withhold the 32.5% of pension.