MrMuddle

49 minutes ago, MJCM said:

As i have had a couple of health scares i wish to move the money I use for my retirement extension (800K+) from a Fixed Deposit account to a savings account so in case something happens my wife can easily withdraw the money, which with a Fixed Deposit is not possible.

 

my extension is due in January 2026, so what would be the best way to change, so that it is acceptable for IO

 

FYI: Immigration is Buriram

 

TiA

Why is it not possible for your wife to withdraw the money if you die, have you made a will in Thailand?

Put cannabis in my black coffee and black tea of an evening, 4-5 times a week*. Run 80 kms every week, as well as doing other forms of exercise, and I've lost 10 kgs in 10 months. It's all down to the individual, and how much they let something affect their lives.

*Before anyone comes out with the old "can't get high that way", yes you can, it just takes a little longer than smoking it, but far better for the health of your lungs.

5 hours ago, sometimewoodworker said:

I am tax resident in Thailand. I still have my active RBS account, they have my Thai address.

 

Your question could be “is it possible to open a U.K. account while not being a U.K. resident” the answer to that is technically yes, but in practice virtually impossible unless you are a high net worth individual, so in reality no it is not usually possible.

Were you with RBS before you left the UK? Or did you open an account with them from Thailand?

5 hours ago, OJAS said:

 

Link confirming this assertion, please.

 

Can't supply one, it came up when my friend accessed his account.

Apparently Nationwide are now asking account holders to confirm their personal details, such as home address, phone number etc. Will they / any other UK Bank allow British citizens who live in Thailand to have accounts with them? Any recommendations for UK Banks that accept Brits who live in Thailand?
Thanks for any replies.

1 hour ago, oldcpu said:

 

I agree with what Chiang Mai typed.

 

Maybe as a minimum, keep official permanent bank/trading account records of the precise state of your savings as of end-of-business 31-Dec-2023.  That 'might' come in useful in the future, to prove money you bring in to Thailand now, was savings from before 1-Jan-2024, and not part of your monthly pension income from after 31-Dec-2023.

 

You may wish to keep a small spreadsheet accounting for any remitted money after 31-Dec-2023, so to prove you were able to use savings from before 1-Jan-2024 and that you were not dipping into post 31-Dec-2023 pension income.

 

This is my speculation as to how to track this.  I have read of others setting up separate bank accounts to make this even more clear - where my hope is that opening a new account won't be necessary if one keeps excellent records.  In truth thou - I don't know precisely the requirement here. Frankly, I do not believe anyone knows just yet.

.

Thanks for the reply. When I bring money over I usually transfer it from my UK  savings account to my UK current account, then send it here by SWIFT transfer, leaving the current account balance the same as it was, before I moved the savings into it. I assume that will be OK for the Thai Tax people. I'd already planned to download a 12 month statement from my UK Bank accounts on 31 December, good advice though,
and thanks again for the reply.

'

20 minutes ago, chiang mai said:

Perhaps if you were to outline your situation here, others will comment and give you an idea?

I'm 70 years old, and married to a Thai woman for 25 years. She has not worked in Thailand since we married. I have never worked in Thailand. I've lived in Thailand since 2009.
I get two pensions, in the UK one the normal UK state pension, & the other private from a company I worked for.  I have not brought any money into Thailand since December 2023.  We have substantial savings in the UK, which I would like to bring to Thailand, over the next few years.  These savings have been in the UK Bank, since before the start of 2024, but I would prefer not to pay tax on it, when I do bring it over.
What can I bring over without paying tax?
How much tax would I pay if I decided to have both pensions paid directly to a Thai bank, instead of going into UK Banks?
Can I gift money to my wife, via Bank transfers from the UK, without paying tax?
 

Can anyone recommend a decent tax accountant in Phetchabun? UK citizen, living in Thailand since 2009,  I'm completely lost as to what to do with this new tax situation. Thanks

6 hours ago, Moonlover said:

Being what I imagine is 'Mr. Average Income' for a pensioner at around 800,000 THB per year, using a spreadsheet and the figures kindly provided by @Mike Lister in (yet another) thread on this subject, I was able to calculate that I would be liable for around 12,000 THB P/A in tax to  the Thai RD. Not a sum I'm going to panic over. I'm more bothered about having to do yet more paperwork rather than the sum involved.

 

Personally though I'm not bothered at all. I'm still holding to the one statement that we have all read regarding this matter:

 

'Also exempt will be those who have been taxed in a foreign country that has a standing Double Tax Agreement with Thailand'.

 

Thai Enquirer Sept 18th 2023

 

Doesn't the UK have one of these, does this mean UK citizens who pay ANY tax, won't be liable for tax in Thailand?  I'm taxed on Savings interest in the UK. 

4 hours ago, Enoon said:

 

"All this social media stuff is for Gen Z and their virtual reality lifestyle. They would probably date a Japanese Virtual Idoru if they could"

 

Seems a strange attitude after you said, a couple of posts back:

 

"Japanese porn, or JAV for short. Now that we can get uncensored JAV, it has become an obsession with me" 

 

Or do you regard a life of JAV Janking as a superior "reality"?

 

Is it somehow "genuinely" social.......do you have friends round for a session?

 

 

Somebody's fishing for an invite.....lol

59 minutes ago, tomkenet said:

If you have used the loophole, transferring overseas income the year after, to save tax, it will affect you.

Wasn't aware there was a loophole!
What I've done in the past (I'm on a retirement "visa"), is transfer money every few years, as and when I need it, using "personal expenses" on the transfer form, as the reason for bringing the money over, which is the reason for doing so. If memory serves me correctly using "personal expenses", means the money isn't taxed on entry here.
No one has mentioned that the UK & Thai  Governments have a tax agreement, where if one pays UK tax, then one doesn't pay tax in Thailand, and presumably vice versa. I pay tax on savings in the UK, so as far as I'm aware, I'm not liable for tax here.I did claim arebate here once, many years ago, but haven't since. I also pay tax on my savings in Thailand.

On 10/16/2023 at 4:33 PM, Hanaguma said:

How about a chunk of Iraq or Syria or Egypt for the Palestinians? They are more than 100 times the size of Israel. Leave the Jews their small slice of paradise.

Ridiculous!
How about the Jews stop trying to claim land that they forfeited 2,000 years ago? Or are you OK with the US being retaken by Native Americans, or the UK being subject to the Angles, or Saxons? 

6 hours ago, Joe Farang said:

I find that UK people have the lowest standard of proficiency in the English language in the English speaking world. I think they assume that they are number one. I have rarely met an English person that knows "lose is not loose" nor " have is not of"

Perhaps you should talk to UK expats, outside of a bar.

On 10/16/2023 at 2:35 PM, Hanaguma said:

The flaw in your logic is assuming that only Jews would support McUgly's in their actions.  In reality, the vast majority of people in the rich G7 world support Israel whether or not they are Jewish.  I will be having a Big Mac set myself tomorrow for lunch in solidarity. 

Completely wrong. Those of us who are educated, and humane, do not support israel. 

That narcissist will do and say anything, to get his name in the news.

Which (if any), UK Banks allow customers to live in Thailand, and under what conditions?

As far as I know this whole topic is pure speculation / clickbait. I've had two serious operations here, over the past 12 years, one involving organ removal, and the other for prostate removal. Neither came anywhere near 800,000 baht, and yes I went to private Hospitals in both cases. So why would the Thai Government increase the 800,00 Bank deposit for retirees? Calm down!

More rubbish on the supposed dangers of Cannabis. Sick to death of these clickbait posts.

7 hours ago, Yorkshire Tea said:

I bought this cheap pump from Thaiwatsadu

https://www.thaiwatsadu.com/en/product/ปั๊มจุ่มน้ำเสียพร้อมลูกลอย-GIANT-KINGKONG-PRO-รุ่น-QDP-400AW-กำลัง-400-วัตต์-สีน้ำเงิน-60275173?cate=540102

 

good enough to empty & refill my 15x15x3m pond.

Would do the job,but a long way from where we live. Thanks for trying though.

7 hours ago, McTavish said:

Depending on pool size and elevation, a siphon left running may do the trick.

Sorry my lungs are not good, pond is 4 feet deep. Needs to be emptied, and cleaned weekly.