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Posts posted by Covertjay
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On 10/26/2018 at 9:51 AM, BobbyL said:
I also know a few people who have done the PGCEi and obtained jobs at better places such as mid - lower international schools.
Cheers, have the PGCEi already but looking to go a bit further. Nottingham want 300k up (for a masters) now which is very expensive.
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Hi there,
I'm looking into doing the Master of Education Concentration in International Teaching based at BCC in Bangkok.
It seems good, but I was wondering if anyone has first hand first hand experience with it and would they recommend it?
Many thanks!
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Teachers in Thailand please help.
I've been trying to get a teacher FB group off the ground lately. The goal is to share information on PDs, local education news, conferences, good practice, journal articles and also have professional discussions.
We all know how tough it is to find here and I really think this could help.
If you have one of these: M Ed B Ed, PGCE, Dip Ed, CELTA, DELTA, TCT 5 year licence or US State certification,
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22 hours ago, canuckamuck said:
That would be my guess as well. The driver of the delivery truck got spooked by Suzuki car pulling too close to the intersection. While at the same time having no where to go if she pulled in any further (and we all know that many drivers here will enter the road without looking). So the driver panics, stomps the brakes and loses control due bad load balance or high a center of gravity.
So the Suzuki didn't enter the road, but she may very well have been a major contributor to the crash.
Bad load balance and centre of gravity is spot on. It's almost like pickups aren't designed for it and the manufacturer tells you repeatedly.
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13 hours ago, DILLIGAD said:
Hope they are better than the reversals over here. Thank Cod it didn’t work!
Sent from my iPhone using TapatalkNot a reversal mate, just original snip.
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Looking at getting the snip, searched the old threads and can't find much on vasectomies. Google says it's 25k at Bumrungrad and there's a free clinic next to Cabbages and Condoms, but can't find anything inbetween.
Any members had their members modified for around 10k in the greater BKK area?
Thanks in advance for any information.
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- Popular Post
6 minutes ago, RichardColeman said:According to that story - he found the bag in the toilet and was returning it ? So, are we to assume that either the lady used the gents loo or he used the ladies loo ?
Unisex toilet
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There's another version of this story over on reddit from his friends.
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Any good Bangkok law firms thst can do a bilingual will at all?
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A driver should always maintain stopping distance. That said, I have seen several dangerous 'checkpoints' right after turns on Petch Kasem, the largest highway, with cones or cops in all three lanes with traffic backed up for 500 m. Extremely dangerous for everyone, cops included.
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That's BS. I have a car and bike in my name in the green rego book. Go to another shop. New cars/bike easy as they put you straight in the green book. Just need a copy of passport and work permit if you have it. Even second hand is not hard to change it over.
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On 22/01/2018 at 9:13 PM, theoldgit said:
I’ve used this place for ten years or so, it’s a family run business and I’ve always had very good service for all my optical needs, it’s quite popular and has received good reviews from other members of this forum
I normally use their branch opposite Sukhumvit 22.
http://www.siamoptic.com
Sent from my iPhone using Thaivisa ConnectNice, thanks. I like to try them on so not keen to order online. Thanks again!
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Does anyone know where to get prescription sunglasses in Bangkok for under 5000 baht?
Thanks in advance.
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Historically there's Indianised SE Asia in the region West and South of Laos mountain ranges. Then Sino-influenced east of that. Then significant population moves, immigration to all of them from China and also Western colonisation (most of SE Asia) over the last two centuries or so to mix things up.
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14 minutes ago, bannork said:
Sorry to lower the tone gentlemen -กวนตีน kuan dteen- to p-ss someone off.- dont use with people who may use violence on you, i.e. her indoors.
Bottom or sole of the feet. A good way to totally offend everyone you don't know very well. Avoid saying (and teaching) it.
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1 hour ago, gr8fldanielle said:
a 3rd world mentality
An irrelevant and outdated cold war expression. How can one aspire to 'second world' status (communism) when it no longer exists.
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1 hour ago, gr8fldanielle said:
a 3rd world mentality
An irrelevant and outdated cold war expression. How can one aspire to 'second world' status (communism) when it no longer exists.
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Has anyone had Amazon Global Priority Delivered to greater BKK area? The 2 to 3 day service?
Any glitches or is it reliable?
Is it registered? Will I have to sign for it or will it be dumped at the door?
There's an extra charge for customs so I'm hoping no go to the post office BS.
Thanks for any current advice.
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On 10/09/2017 at 7:04 PM, asiaexpat said:
Bangkok Bank will issue a nonThai a unsecured credit card if that person meets all criteria such as work permit with appropriate salary. Some branches may tell you they do not so just call the number in the web site and ask
Sent from my iPhone using Thailand Forum - Thaivisa mobile appThey called head office and call centre when I was there to check and they said no. Guessing it's recent internal policy if others with years of WPs have them.
I do have two other credit cards, but I was hoping to get rid of amex which is not very good.
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So where would 'prai' fit into this? A word I've heard used in a negative way and even some sort of use it in a reclaiming way.
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Retirement Mutual Funds (RMFs) and Long-Term Equity Funds (LTFs)—LTF Tax Privileges Revised
Submitted by Creveling & Creveling Private Wealth Advisory on December 13th, 2016
By Peggy Creveling, CFA, and Chad Creveling, CFA
This article originally appeared in the American Chamber of Commerce of Thailand (AMCHAM)’s T-AB Magazine 5/2016 and has been shared with permission.
For many employed expats in Thailand, Thai Long-Term Equity Funds (LTFs) and Retirement Mutual Funds (RMFs) can provide worthwhile Thai tax benefits. This article discusses the merits of both types of investments, and highlights an important 2016 change to the LTF holding period. For a period of time U.S. citizens were unable to invest in LTFs and RMFs due to FATCA legislation; however, some Thai asset management companies are again accepting U.S. citizens.
Long-Term Equity Funds and Retirement Mutual Funds: The Basics
Long-Term Equity Funds (LTFs) were set up under Thailand’s IMF program to encourage longer-term investing in the Thai equity market. Retirement Mutual Funds (RMFs) were established to encourage people to save for retirement by providing Thai tax benefits on savings.
Both LTFs and RMFs provide current-year Thai tax deductions on contributions, and earnings grow free of Thai tax. Subject to meeting LTF and RMF fund requirements, funds can also be withdrawn tax-free. There are a number of different LTFs and RMFS managed by the various Thai asset management companies and distributed either directly or through affiliated bank branch networks.
How You Save on Thai Tax
For RMFs, individuals can deduct contributions of up to 15% of their personal income (including salary, bonus, fees, commissions, severance pay, or investment income) or Baht 500,000 per year (whichever is lower) from current Thai taxable income. If you have a provident fund at work, the total annual maximum tax deduction for both the provident fund and the RMF together is Baht 500,000.
For LTFs, individuals can deduct contributions of up to 15% of annual compensation or Baht 500,000 (whichever is lower) from current-year taxable income. This is in addition to any contributions made to a provident fund and/or RMF. For high-income earners, combined contributions can total Baht 1 million (about USD 28,000) and save Baht 350,000 in Thai taxes (about USD 10,000).
What You Need to Know About RMFs and LTFs
RMFs:
- You get a current-year Thai tax deduction on contributions.
- Depending on the fund’s policy, the fund manager may invest in equity funds (Thai as well as international), debt instruments, or mixed funds.
- Returns grow free of Thai tax.
- The maximum annual contribution is the lesser of 15% of total annual compensation or Baht 500,000.
- If you contribute to a company provident fund, the total contribution to both the provident fund and RMF cannot exceed Baht 500,000.
- Contributions need to be recorded before the end of the calendar year.
- Funds can be withdrawn free of Thai tax after age 55 (and if held for five years or more)
- To qualify for Thai tax benefits, you must contribute at least every other year for a minimum of five years. The minimum contribution is 3% of taxable compensation or Baht 5,000, whichever is lower.
- If you fail to meet the required minimum contribution schedule or withdraw funds prior to reaching age 55, or have not met the five-year holding requirement, you will have to pay back any tax deduction you received along with penalty fees. In addition, any capital gains will be subject to a 10% tax.
- Since 2015, the tax benefits of employer Thai Provident Funds can be preserved by transferring to RMFs after employment ends.
LTFs:
- You get a current-year Thai tax deduction on contributions.
- Unlike RMFs, LTFs invest primarily in Thailand-listed stocks. You’ll therefore want to make sure a Thai-only equity holding makes sense in your diversified portfolio.
- Returns grow free of Thai tax.
- The maximum annual contribution is the lesser of 15% of total annual compensation or Baht 500,000.
- Contributions can be made in addition to those made to provident funds and RMFs.
- There is no need to make ongoing contributions to maintain tax benefits.
- Change in 2016: New LTF contributions and earnings can be withdrawn free of Thai tax after seven calendar years. This is an increase from the previous holding period of five calendar years.
- Effectively, 2016 LTF contributions must be maintained for five years and two days. Anyone contributing to an LTF on the last business day of 2016 would need to maintain the investment until the first business day of 2022.
- If you withdraw before the holding period, any tax deductions you received will need to be paid back along with penalty fees. In addition, any capital gains will be subject to a 10% tax.
- Contributions must be recorded by the end of the calendar year.
The rules regarding LTF and RMF contributions can and do change, so make sure you check the current status before making any contributions.
Who Can Benefit from RMFs and LTFs?
Aside from Thai citizens, many foreigners with a long-term commitment to Thailand through work, marriage, or lifestyle can benefit from contributing to LTFs and RMFs. Those on short-term expat assignments in Thailand will have to carefully weigh the potential benefits against the various rules and regulations required to maintain the tax-exempt status of each fund.
Special Considerations for Americans
Recently some Thai asset management companies have reopened their RMF and LTF programs to U.S. citizens. Americans are taxed on worldwide earnings and compensation, however, so before investing, U.S. citizens should note that the tax-advantaged status of the RMF and LTF is not recognized by the IRS. Additionally, both LTFs and RMFs are likely to be considered Passive Foreign Investment Companies (PFICs) by the IRS with their earnings subject to special tax rules and filing requirements.
Nevertheless, RMFs and LTFs may still make sense for some Americans, especially those whose compensation does not exceed the Foreign Earned Income Exclusion (FEIE—$101,300 in 2016) and housing deduction. For these Americans all Thai-earned salary would be shielded from U.S. tax already.
Contributions to LTFs and RMFs would save Thai tax and therefore lower the overall tax burden. Even though investment earnings may be reported annually under PFIC rules, the Thai tax savings could still make this a worthwhile trade-off.
If you earn in excess of the FEIE and housing deduction, contributions could still make sense, but the benefit diminishes as you enter the higher U.S. tax brackets. Compensation in excess of the FEIE and housing deduction will effectively be taxed overall at the higher of the U.S. or Thai rate. For someone in the 35% tax bracket in Thailand and the 33% or higher U.S. brackets, the Thai tax savings may not justify tying up the funds in an LTF or RMF and filing Form 8621 (PFIC).
For someone in the 35% Thai tax bracket, but only in the 28% U.S. tax bracket, contributions could make sense—but you’ll need to do the math to determine your overall (Thai + U.S.) tax savings.
http://www.crevelingandcreveling.com/blog/retirement-mutual-funds-rmfs-and-long-term-equity-funds-ltf-ltf-tax-privileges-revised -
On 2 July 2015, the Revenue Department issued announcement number 257-259 to expand the definition of the base amount which is used for determining the maximum amount of LTF or RMF units that a taxpayer can buy which is deductible from his taxable income.
Keywords: Mazars, Thailand, Tax, LTF, RMF, Revenue Department, Tax Income
5 August 2015
Individual taxpayers can deduct contributions to LTFs and RMFs from their taxable income.
- Contributions to an LTF are tax deductible up to a maximum of 15% of taxable income, or 500,000 baht, whichever is lower.
- Contributions to both an RMF and a provident fund together are tax deductible up to a maximum of 15% of taxable income, or 500,000 baht, whichever is lower.
Previously, an individual taxpayer could buy LTF or RMF units not exceeding 15% of his annual “assessable income” for tax deduction. The term “assessable income” in the previous regulation included both taxable income and non-taxable income, such as capital gains from selling shares on the Stock Market of Thailand, statutory severance pay not exceeding 300,000 baht and not exceeding 10 months, and an inheritance.
The new regulation has expanded the term “… of assessable income” to “….of assessable income which is taxable in the tax year.” Therefore, from 1 January 2015, the base amount for determining the maximum amount of LTF or RMF units which can be used for tax deduction will be assessable income after deducting all non-taxable income and tax-exempt income.
For more information (in Thai), please go to Revenue Department Announcement No. 257
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Well, I went in again today and was told apologetically all foreigners (regardless of length of stay, work permits, etc in my case for 17 years) need a secured credit card. So if you have 100k card you need an account you don't ever touch with the same amount in it.
A real shame, their app, LTFs, mortgage services and customer service are all great.
M Ed from Framingham State University Bangkok Cohort
in Teaching in Thailand Forum
Posted
Nottingham, at the time I did my PGCEi five years ago, was 6th in the UK, 67th in the world and a top 20 education department. It was very academically rigorous, but also incredibly beneficial. Anything in the 800s worries me a little to be honest.
Does anyone know the SUNY Buffalo rankings or have any personal experience with their program?
Many thanks.