KhunHeineken
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Everything posted by KhunHeineken
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Australian Term Deposits.
KhunHeineken replied to NONG CHOK's topic in Australia & Oceania Topics and Events
Maybe contact another bank. If they can open a bank account for foreigners, before they even arrive, surely they can do something for you. https://www.anz.com.au/personal/bank-accounts/everyday-accounts/moving-to-australia/en/ -
Australian Term Deposits.
KhunHeineken replied to NONG CHOK's topic in Australia & Oceania Topics and Events
I'm not the OP. Not sure a bank would accept a foreign document that may have been knocked up on Khaosan Road. I think they also run checks on the document number with certain government data bases. Main reasons, funding terrorism and money laundering. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
I use a VPN for banking and streaming sports. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
How many of those quotes were yours? ???? -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Ok, Mr. Ostrich. ???? -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
No updates, thus far. I have contacted my accountant and asked them to inform me if they hear anything. The Tax Institute has "broadly welcomed the Government's willingness to reform the rules." https://www.taxinstitute.com.au/insights/articles/our-submission-on-the-proposed-changes-to-the-individual-tax-res -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Let's hope they remain "in limbo." https://www.wolterskluwer.com/en-au/expert-insights/proposed-tax-residency-changes-now-in-limbo -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
If you scroll back to when this topic first came up, you will see many posts along the lines of: "the Government would never do that. " "that will never happen." "Centerlink told me 6 years ago..................." "there would be too much bad publicity for the Government." "there would be a big backlash by pensioners." "I use a VPN when accessing the MyGov website." "that's only for people like Paul Hogan." "they can't tax a pension." "I'm still a resident because I am using an address in Australia." "I didn't tick the box leaving permanently on the departure card." "I told my Australian bank I am still a resident of Australia." "I'm on a veteran's pension. It's different." "I'm still a resident because I go back to Australia for a couple of weeks every year." "it would cost too many votes." "I still have a Medicare card so I am still a resident." "My mate told me................................" There were many others among these gems. Now, it's: "wait and see" "cross that bridge when I come to it" Quite a turn around, don't you think? -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Probably because you keep replying to a totally different topic to what I post about, or misquote me on a topic I haven't posted about. Example: pension portability. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Negative publicity is still publicity. ???? Seriously though, talk about shoot the messenger. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Over the 12 months to the March 2022 quarter, up 5.1%. https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release#:~:text=The Consumer Price Index (CPI) rose 2.1% this quarter,Automotive fuel (%2B11.0%). -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
I'm not posting for Likes or Thumbs Up. The changes, if passed, may, or may not, effect a few, or all of us. It's probably something most expats should be made aware of. -
Australian Term Deposits.
KhunHeineken replied to NONG CHOK's topic in Australia & Oceania Topics and Events
I was going to suggest opening a high interest online account, which you can do over the internet, but you still need to send 100 points of ID. A passport is only 50 points. Unless your Australian bank can do something for you, it appears that you have basically lost control of that money, so maybe best to move it offshore and regain control of it. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
I have never once suggested pension portability would be scrapped. What I have suggested is it MAY be possible that EVERY expat, that's everyone from Paul Hogan to someone on an old age pension in Thailand, will be deemed a non resident for taxation purposes because the new laws, if passed, simply classify everyone outside of Australia for 183 as a non resident, with no grey areas to argue. I have posted the non resident tax brackets previously, and they are very high, with the first bracket being $0 to $120,000, which would scoop up most expats. Note it's from $0. The first $18,500 is not exempt. ANY and ALL income, including pensions, MAY be taxed at non resident rates. That's Paul Hogan's income, and that's the old age pensioner's "income" of the pension. Discussion about means testing, pensions being exempt etc have been posted, but losing portability, completely, has never been suggested, and I doubt that would ever happen. Currently, a lot of money is leaving Australian shores, legally, because the old criteria of resident / non resident had a lot of grey area one could manoeuvre around. The new criteria, if passed, is simple, with no grey area. In Australia 183 days, resident. Outside Australia 183 days, non resident. Why wouldn't the tax man want a piece of that action? -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
"She'll be right, mate." ???? -
Australian Term Deposits.
KhunHeineken replied to NONG CHOK's topic in Australia & Oceania Topics and Events
What forms of ID do you still posses from Australia? -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
This is a policy most of us have been implementing for years, but should the proposed changes be passed, this will allow the Government to straight away classify you as a non resident for taxation purposes, with nothing you can do about it because you have been outside Australia for 183 days. What happens after that is the unknown. Let me say that again for those who think it is scare mongering. The immigration department will know you are outside of Australia for 183 days, therefore you will be classified as a non resident for taxation purposes. What Centerlink and the tax office do with this information, and what the proposed changes will allow them to do, and its impact on you, is unknown at this stage. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
The proposed changes are not my opinion, they are fact. You have links to them from many sources. The proposed changes are about residency for taxation purposes and clearly sets out that the Government wishes to simplify the criteria for classification by using 183 days inside, or outside, of Australia. They are proposed changes. What more proof of proposed changes do you need? Should they be passed into legislation, the way it reads to me is anyone inside Australia for 183 days will be deemed a resident for tax purposes, and therefore anyone outside of Australia for 183 days will be deemed a non resident for tax purposes. That's the simplification the Government wants. I have no idea if pensions or pensioners will be effected. I have only ever said they "could be" or "may be" or "it's possible" these changes effect expats. It was only a heads up to keep an eye on it and because it may upset the apple carts of members I have been personally attacked. Do with the information as you please, or in your case, do nothing, I couldn't care less, but the proposed changes are fact, not opinion. -
Some like to plan ahead. I don't see anything wrong with hoping for the best but planning for the worse. The valid proof is the proposed changes are real. A lot of links to them have been provided by me and others. They are not fictitious. No one knows if they will be passed, and if they do get passed, how they will be implemented, but I don't see anything wrong with considering what impact, if any, they may have on expats.
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All Aussie Related Stuff (excluding the old age pension)
KhunHeineken replied to Will27's topic in Home Country Forum
Can you view the sim card's account online and get the call history that way? -
If you have no assets or income in Australia and Thailand, it sounds like you are a tax resident of of third country. Unless you moved all your money to Thailand and bought some type of income producing asset in a Thai's name. Are you a dual national? Clearly you are not a resident of Australia for tax purposes, and to state you are is an offence. You may or may not risk the consequences of doing so. What address does the bank have for you?