KhunHeineken
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Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Did you not see the 183 days is a "bright line test." This leads me to believe it will be relied upon, and carry the most weight, when determining one's residence for taxation purposes status. Why would that be relevant to residency for taxation purposes? It's unknown, at this stage, what the status of someone will be who is inside Australia for more than 45 days, but less than 183 days. I could do 46 days (6 weeks) in Australia every year. No way could I do 6 months in Australia every year. From memory, from what I read, the days do not have to be consecutive, to it could be a 3 week trip to Australia, and another 3 week trip to Australia, and depending on other factors, you MAY be deemed as a resident for taxation purposes. In any case, most expats in Thailand are living in Thailand full time, so their main consideration is the 183 days, and there's no getting around it if immigration have you outside of Australia for 183 days. -
Centrelink approves OAP in 15 days
KhunHeineken replied to ozfarang's topic in Australia & Oceania Topics and Events
I think what the member was getting at was he has lived and worked in Thailand for 35 years, and paid tax along the way, and employed people who also paid tax, but will never see 1 baht of government money by way of a benefit go his way, yet your wife flies in after 7 years away, and 2 weeks later receives a pension. Easy for a Thai lady in Australia to get a pension, many of whom have never worked or paid tax in Australia, yet a farang, after decades of working in Thailand, will never see 1 baht of government assistance, ever. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
If anything in this thread has caused you, or someone you know, distress, call Lifeline on +61 131114. Help is only a phone call away. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Yes, I mentioned that. Plenty of warning for the 80,000 impacted by it. You don't think they have the numbers to pass it? Why would they announce it if they haven't secured the support to push it through? It's a done deal. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Another short puff of air from you, with nothing. Predictable as usual. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
This was discussed some time ago. We were not sure if you will be deemed a resident, or a non resident for taxation purposes, if you spend more than 45 days in Australia, but less then 183 days in Australia. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
The government would simply view this as repatriating pension money back into the Australian economy, and actually get some of that pension back in GST, council rates, taxes and excises, licenses, fees, levies etc. Do you think the high hanging expat fruit will get a free pass because the government doesn't want to impart non resident taxation on Aussie expat pensioners? I think it will come in, but the best that can be hoped for is pensions will be exempt. As another member pointed out, what about all the part pensioners? Their pension may be exempt, but not their other source of income, otherwise the government opens the stable door. Part pensioners are not on big money, but I can't see their other source of income getting a free pass. They may suffer more than full pensioners. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
I would not be surprised if what you describe takes place. On a side issue, there are already many homeless Aussie due to the housing shortage crisis and ridiculous rents and house prices. Of course, one question the interviewer will ask is, "What about your family in Australia?" The answer from most retired expats would be interesting. Perhaps it may cause an amendment in the laws to make pensions exempt. Who knows? As I have been discussing with another member, it's a savage tax at 32.5% for most expats, who are lower to middle hanging fruit. I have no doubt the proposed changes were designed to scoop up everyone, with a focus on netting big dollars from the high hanging fruit, with little to no thought about the severe financial consequences for the low hanging expat fruit. I have posted a link where the assistant treasurer said Labor were looking into possibly adjusting the number of days, but that does nothing for full time expat retirees. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Let's hope it's never passed, but it's a 90 year old law that, although I have been taking advantage of the gray area, needs to be reformed. We have just seen reform of what, a 35 year old tax law, something like that. The non resident tax law is over 90 years old. A government could justify reforming it with not much of a sales pitch to the public. The proposed changes have been up for all to see for years now. Government has given forewarning of their intentions. The high hanging Aussie expat fruit needs to pay their share. I would put myself as middle hanging fruit, and believe I will be scooped up in this. Whether or not the low hanging fruit get a free pass remains to be seen, but I haven't read anything in the proposed changes suggesting any expats get to stand outside these changes, have you? -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Yes, which is exactly why the 183 days outside of Australia was designed. No getting around it. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Will it be exempt as a non resident? Sounds a lot like an assumption, a twist, speculation. You've read the laws. Please point out where pensions are not taxed at non resident rates for pensioners living overseas? I didn't see that bit. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
I've only posted the non resident tax brackets about four times. There is NO tax free threshold for non resident tax brackets. The first tier is $0 to $120,000 at 32.5% and it goes up from there. (see previous links) Once again, there is no mention of a change to the non resident tax brackets in the proposed changes. Is that me being "negative" or that are not mentioned? Can you see how the proposed changes are designed to scoop up everyone? Is that me being "negative" or there's no way getting around paying the tax man? -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
And that's how easily and quickly something like this can be passed. Who are they going to go after next? -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Please point out something positive for expats about the proposed changes. Any data I have posted I have linked. I was "creative" with the 200,000 Aussie expats living abroad on a pension, and explained how I got to that figure and said, many times, it's debatable. You you don't want any latitude in posting, let's do this: The proposed changes deem anyone outside Australia for 183 days as a non resident. A pension is a designated income. Non resident tax rates start at $0 to $120,000 at 32.5% and go up from there. Go your hardest and tell me this is not fact, and I have "created" this, and that it's misinformation. Then tell me how YOU will not be impacted by this. You have links to the proposed changes. I didn't write them. They are not my websites. Are they an assumption, a twist, a speculation? They are there for you to read. There's every chance they will become law one day. What I am interested in your own assumptions, twists, speculation, and positivity as to why they will not impact you, and others. Please share with something more than "These laws are only for guys like Paul Hogan." Tell us all why YOU will stand outside of these laws. Now who's making assumptions? So, there's some black and white proposed legislation, which is all over the internet, but some "mention" of some relief for pensioners in the media is what you are going with. Well, I'll go with what I have read on the many accounting, law, and wealth manager websites, but good luck with the "mention" in the media. I have no problem if you block me. In fact, I encourage members to do it. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
See my previous post for how I got to that figure. I did say it's debatable. Only immigration and Centrelink know the exact figure. At any given time there are around 1,000,000 Aussies living overseas. (see previous links from two government websites) Only 2 out of every 10 of those Aussies being on a pension seems reasonable to me, but it's debatable. Another member put it at 90,000, because thousands of others were on part pensions. I addressed this in a subsequent post. He said Thailand has 20,000 Aussie expats alone. I would suggest the majority are retired. Bali has around 10,000, so I would say the figure of 90,000 is a little skinny, but appreciate the member putting it forward, rather than a useless personal attack. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Non resident tax rates start at $0. You're "ok" if inside Australia, maybe not "ok" if / when the proposed changes are passed. The pension is taxable (income) and you are outside Australia for 183 days. Now, what part of this is "misinformation?" -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
You are just scaremongering now. No way what you posted can be fact. There is no tax free threshold for non resident tax rates. It's 32.5% from $0 to $120,000, and then it goes up from there. (link already posted) -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
A pension reduction, not a tax. I believe pensioners from the UK don't receive annual CPI increases if living abroad. I mentioned this sometime ago, which again attracted a lot of posts as to why the Australian government would never do it, despite another government doing it for years. They may exempt pensions, but no increases. This is just speculation, but they have more than one option available to them. Earnings, from any source, or multiple sources, are all classified as "income" as are pensions, and it's all income that will be taxed at non resident rates if outside of Australia for 183 days. Please point out some positive things for Aussie expats in the proposed changes. It's negative for all expats. There's no up side, at this stage. Who knows, if / when they come in, Albo may announce pensions are exempt, or a change to the non resident tax brackets, but I haven't seen any suggestion of these in the proposed changes. In Albo we trust. Is that positive? -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
200 or 2000, so what? It's a hot topic that has the ability to impact every Australian expat, 20,000 of whom reside in Thailand, apparently. Example? -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
You missed his point. A post put forward that goes against the letter of the law is meaningless. The laws are there for all to read. Each member has to work out what impact they will have on them. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
How many of them hold any weight? What is the main reason you think the proposed changes will not be passed? Again with the personal attacks, yet no thoughts of your own presented. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
That's the I read it, and that's by design. The government doesn't want anyone living overseas in any gray area anymore. I agree. It's written for all to see. Immigration know you are outside of Australia for 183 days. Centrelink know you are receiving a pension. The ATO have your last tax return. So many posts based on emotion, and not the written word of the law. I get that it's bad news, but shooting the messenger does nothing. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
What makes your figure correct, and my figure inaccurate? You put forward many are part pensioners. Once again, even if the pension is exempt, what becomes of their other source of income? It's taxed at non resident rates. So part pensioners may very well be worse off than those on a full pension. If you disagree, post why you disagree, and not, "you are just being negative" because a comment like that means nothing when discussing the law, which tends to be black and white. I have replied to every member who has quoted me and / or asked me a question. Yes, the posts racked up on this one thread, but I have replied to them. No doubt it's a hot topic, as any topic is that challenges people's comfort zone. If you look in the computer / internet forum you will see I often offer advice there, and I am thanked for it. Am I instilling "fear" or being informative, with a twist of motivation? The proposed changes are there, they are not make belief to instill fear." If some fear the changes, how is that on me? I have said, hope for the best, but prepare for the worse. Financially assess yourself and see if you can remain in Thailand, with 32.5% less coming in from Australia, pensioner or not. Look at what adjustments you can make to your lifestyle in Thailand, rather than going back to Australia for 184 days a year. Seek to minimize your exposure to the new laws. Seek professional financial advice if you need to. Is the above "instilling fear" or reasonable advice? Interesting you've had death threats. Did it make the topic of discussion go away? If people threaten my life, will it stop the proposed tax changes being passed? I'm not playing the victim. Simply stating a fact that I have been the subject of ridicule, abuse, personal attacks etc, for which, at the end of the day, the proposed changes have not changed. Shooting the messenger on AseanNow does not effect Australian Government policy. I have shared one strategy. There are some other avenues to explore, one of which was liquidating everything and moving the proceeds offshore, away from the ATO, Singapore being the choice of destination. Completely legal, and I already know a few guys who have done this, but not because of the proposed changes, but for other reasons. If I was to ask, "If / when the proposed changes come in, and if they effect all expats, what's your strategy" all that would come back is replies look the two I recently quoted. Many people really need to believe the proposed changes will not come in, and if they do, they will have no impact on them. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
And just like that, Albo announces 80,000 Australians will pay 30%, up from 15%. Now don't get me wrong, most Australians will not shed a tear for people with over $3 million in their super account, but it just goes to show how quick and easy a new tax can be brought in, or an existing tax increased, or broadened. https://www.9news.com.au/national/superannuation-update-tax-concession-increase-balances-over-3-million-dollars/7368bf42-32a7-497b-83a9-3e4057dfcbc1 Interesting press conference. It will only make them around $2 billion when fully up and running. That's a long way from the over $50 billion that was touted. Didn't a member suggest reducing pensions by the non resident tax rate would be too small for the government to even contemplate? It's not coming in until 2025. Plenty of warning on this one, just like the proposed changes to non resident tax laws. -
Maybe I am missing something. I thought the batteries where part of a main board. That small board doesn't look like it has a chip in it. In any case, nothing to lose by trying. Why can't you cut the red and black wire and throw those batteries away, get two new batteries, tape them together, solder (not weld) a piece of red wire joining positive + to positive + and solder a piece of black wire joining negative - to negative - and then solder a red wire from one of the positive sides of the battery to the red wire you have cut, and then solder a black wire from the negative side of the battery to the black wire you have cut? Of course, any color wire will do, but positive battery must go to the red wire you cut, and negative battery to the black wire you have cut. 5 minute job.