CeeBee

I have recently discussed the PA Happy45+ insurance policy with Bangkok Insurance Company and can send you product information in English. Simply provide me with your Email address. Please note that I am personally interested in an accident insurance and am NOT an insurance agent.

Thanks. I have made progress with the translations.

What I am interested in now are actual experiences by members who have used one of the BangkokBank or KBank policies.

I have recently made enquiries with Bangkok Bank and KBank regardig low cost accident/health insurance policies for seniors from 75 years up to 99 years. Unfortunately they are only partially in English. I am trying to get reasonable translations.

Does anybody have comprehensive translations or actual experience with these policies?

Hi Gik

If your overseas FX transactions were initially credited to your foreign currency bank account and subsequently transferred to your Thai baht account with the same bank you will be able to request a Certification Letter from your bank.

It worked for me. The bank's fees involved were minimal without having to send money back overseas. Good luck.

The lawyer should have a practice in Bangkok.

Does somebody know an English speaking competent lawyer to prepare a legal will relating to various financial assets in Thailand and Singapore?

Herr Naam

I am seeking clarification from FD&S - not you. Thank you.

There is no mention of withholding tax on AUD invested outside Australia.

FD&S

Your strategy has given me some useful ideas.

What I cannot understand is the relevance of the Australian income tax threshold of AUD18,200 in your calculations for interest earned in Australia.. This threshold only applies to Australian residents for tax purposes.

If you are tax-resident do you not earn other assessable income for living expenses? In this case all income is added together and the interest is taxed at the marginal rate. You also have to legally declare and add all income from overseas sources.

If you are not tax-resident then the income tax threshold does not apply to you. Instead a 10% withholding tax is deducted from the interest earned in Australia. In any case, interest is well below your target of 4.5%.

Am I missing something?

Krataiboy

I wish I could share Herr Naam's optimism regarding the strength of the AUD in the near future (let us not make "unsubstantiated assumptions" for years ahead). The Governor of the Reserve Bank of Australia and the HSBC are not alone in predicting the decline of the AUD against the USD and other major currencies. The Deutsche Bank has also recently supported this scenario. Moreover, Australian politicians and many business leaders are talking the AUD down.

Hi Jim

As far as I am aware, the Australian 10% interest withholding tax for non-residents has been around for quite a number of years. If you are an Australian resident for income tax purposes, you will be taxed at your full marginal rate.

Herr Naam

The AUD has been declining substantially against the USD and other major currencies (and the Thai Baht) in recent months. Further declines are expected.

I will tell my Thai bank that the tax deducted from my AUD account should be reversed.

Looking for a reasonably priced well furnished and equipped condo with 2 bedrooms and 2 bathrooms to lease on a long-term basis. Close to BTS Sukhumvit preferable around On-Nut.

No. He's Thai.

The Centrelink International Services office is located in Hobart. The direct line is 13 1673. Personally I have found them very helpful but I had to submit the OAP claim to the local office.

_{From 20 March 2014 the Australia OAP will increase by $15.70 pf (just over 1%), in line with the COL increase. Inflation of only 1%???}

I suddenly had the same problem a few weeks ago. Now I am using Google chrome and it works.

Tillieke and Gibbins are known as excellent lawyers with hefty fees. But for immigration purposes? Better get a quote first.

With the widely anticipated ongoing depreciation of the AUD it may not be a such a good idea to keep the amount transferred, wherever that may be, in the Australian currency.

Fletchsmile

When did the Japanese buy out KrungSri, please? Which institution is the new owner?

Thanks topt.

I will be in Pattaya in a couple of month and try again. In the mean time I have cancelled my mutual fund with them. Other banks offer better products.

Thanks meatboy. Unfortunately Korat is a bit too far from Bangkok, where I live. I'll try once again locally.

Hi Meatboy

May I ask at which Land and Houses Bank you opened an account this year?

I already have a KBank account - but want to diversify.