Kenny202

He just can't let it go lol. Attention disorder

1 minute ago, TroubleandGrumpy said:

No - they are not on your statements - sorry, but no they are not.

All I got was an official letter from Fund and ATO Statement that 15% tax is paid on Super earnings for ALL accounts in accumulation.

 

The DTA is only a possible means to get tax relief here - it is not a certainty and it has to be claimed and accepted by TRD.

But like you - I have absolutely no intention of ever lodging a tax return in Thailand.

If any Expat is caught and gets fined/jailed for a minor breach (not tax fraud), then I and many others will immediately leave Thailand.

 

Many potential problems - but the biggest one IMO is that Somchai the TRD Official has more autonomy and authority to make any decision he decides, than Pornchai the IO in the Immigration Office. Somchai can decide how much income tax you have to pay based on your lifestyle, house, car, assets etc. You can appeal - but you have 7 days to pay, and only after paying can you appeal - in Thai. Good luck with that. 

 

My statements do have tax deductions shown but it is very obtuse with little explanation. I think something like tax / sundries or something like that. I know because was directed to it by the super consultant I was discussing it with online. The reason it would be impossible to get a full breakdown is it is recalculated every moment the earnings rise and fall

4 minutes ago, TroubleandGrumpy said:

There are 2 'phases' in Super in Aust.  Accumulation and Pension.  During 'accumulation' the Fund is paying 15% tax on all earnings across all funds in accumulation phase. During 'pension' the Fund is not paying that 15% tax. If you switch to 'pension phase' the money is not taxed and is therefore technically taxable if you are a tax resident of another country. But it is not taxable in Australia whether you are in accumulation or pension phase, or whether you are a tax resident or not. You cannot stay in accumulation phase when you turn 75 - not sure the exact rules and limits etc.

 

Many many complications -  such as proving how much tax you paid on the Super earnings (less fees and costs), because the Funds do not report on an account basis. Likewise, they will not report on any date period other than July to June.  The same thing applies to ATO - and yes I have approached and formally requested both of them - denied.  Under DTAs etc., the tax paid on Super earnings is deductible here - but the proving of that will be extremely hard if not impossible.  IMO best to say nothing and hope that Thailand will exclude earnings that have been subjected to the taxation system of another country with which it has a DTA. After all, the rule was changed by TRD because of Thais investing overseas and not paying taxes there (not tax residents there), and then bringing it back tax free into Thailand. 

I assume we are covered on two fronts as far as taxable in Thailand goes....at least super in the accumulation phase

1) Tax had been paid already

2) DTA between Australia and Thailand

Tax deductions should be shown in your statements

I have no intention of lodging a tax return here 🙂

1 hour ago, gearbox said:

Hi, could you provide a link or attach a blank form where it says you have to be in Australia to start pension income stream with your super. I would like to research this a bit more as I'm starting my pension income stream in around an year.

PM sent. Let me know how you go 🙂

4 replies all saying the same rhetorical stuff that we already know? Really? Are you bored?

I did write the OP in a misleading way where you thought, or it may have looked like I was talking about tax on interest I earned from money I withdrew from super and invested elsewhere. I didn't actually mean that. I spend the money I withdraw. I was talking about the money that is actually accruing interest IN super. My bad. I think they refer to it as earnings rather than interest.

You do realize being a non resident for tax purposes has nothing to do with Super unless you withdraw it and invest it somewhere else, and even then you can tell the bank to with hold 10% of your interest earnings and you are completely covered / tax paid. The problem is quite a few banks wont accept investments from declared non residents...U bank for one.

Normal tax on super earnings is 15% resident or non resident and with held by the Super company and paid to the ATO.

You don't have to be a resident for tax purposes to convert to a pension stream.... you simply have to be in Australia when you apply and when the Super company approves the change. Super and pension streams have nothing to do with residents or non residents for tax purposes. A trip back to Oz would cover that should it be worthwhile. I have clarified that with super company and my accountant.

The 32% non residents tax is worst case scenario...say for example I was earning money in another country. I am a registered non resident for tax purposes by the way and as far as I know there is no big can of worms?

You mix captain obvious statements with clearly incorrect / misleading statements, and this could be misleading to others reading this post that may benefit / by seeking the same advice.

59 minutes ago, gearbox said:

Use VPN and set your VPN proxy to be in Australia, otherwise they may block your pension stream application. AFAIK this requirement may be invented by your fund....never heard about this requirement.

 

The AML/KYC rules are getting tightened, I got a credit card application put on hold by HSBC Australia, as I applied online from Thailand. Use always VPN when dealing with the banks, financial institutions and the government.

The processing of the online form not a problem. I am sure I could've completed it and converted to pension stream as fa as the Super company concerned. The only reason I noticed it was when it came up with a space for Australian address  / State / Postcode and the warning referring you to the PDS saying ATO requires you to be in Australia at the time of applying. The guy from the super company was saying your choice to proceed but he reckons he got advice from "the team" to say it was sketchy tax wise. I don't think the Super company gives a rats. It is actually an ATO stipulation, not the Super companies requirement. I am just worried the ATO will know I wasn't in the country when applying and possibly down the track I will get hit for the 15% I saved and the super company didn't keep. They do know exactly where you are these days with links to everywhere and your passport details. If you think its not a problem let me know, still keen to do it

On 4/8/2024 at 10:52 PM, gearbox said:

The only way the super income becomes tax exempt is when you move your super from accumulation to pension phase (income stream). I'm more or less in the same boat although I'm a tax resident, this in principle won't matter unless you have a SMSF and you need to satisfy the residency tests.

 

https://simplyretirement.com.au/tax-super-overseas

 

If you get Oz super pension it may be taxable under the new Thai rules...that is if you bring it to Thailand via bank transfers. Australia won't tax your super pension and income generated by your super even if you are non resident

I went though the process of setting up a pension stream this week and hit an unexpected snag. One of the requirement of the pension stream / tax saving is that you have a residential address in Australia (easy... my sons address) and that you are IN Australia when you apply for the pension stream and receive the Super companies confirmation. Could all be done online in a day. Doesn't say you have to be living in Australia, just that you have to be in OZ when you apply. I could have actually completed the application and process and got the pension plan but the super company did advise the ATO may, and often do check. And very easy for them these days to check if you are in the country at any given time. Worst case scenario you get a tap on the shoulder in the future have to pay any back taxes owing (15% that you saved on tax) plus a fine. Anybody else run into this or have a work around?

On 4/11/2024 at 7:05 AM, KhunHeineken said:

You don't even know what type of plan your Super is in.  🙂

 

You asked about interest earned on your withdrawals and I answered.  32.5% as a non resident for tax purposes

 

 

 

The 32% on withdrawals Superannuation completely false. Have clarified all that with accountant and super company. The Super company with holds 15% on earnings so no more to pay on withdrawal or at any time. No tax return is necessary as far as super goes. As gearbox said you can save the 15% with holding by moving to a pension stream. 32% as a non resident is worst case scenario if you have money invested with a bank etc and you haven't declared yourself as a non resident or haven't instructed the financial institution to with hold mandatory non residents flat rate 10% tax.

2 hours ago, BigStar said:

 

Only death and taxes are certainties in life, son.

 

All antivir programs have their vulnerabilities, as paid subscribers to third-party apps have discovered to their dismay. Ironically, the apps themselves may become vectors of attack. (Or may in themselves be considered a virus, as in the OP's case.🙂) Amusingly, app support may charge subscribes a few extra hundred $ to eradicate a virus infection that the app was supposed to have prevented.😁 In fairness, that's more than M'soft support will do, AFAIK. And M'soft forums are practically useless. Other community forums can be quite helpful in solving most Windows-related problems, but the average user can hardly manage to Google effectively. Maybe AI will save us all.

 

You Don’t Need to Buy Antivirus Software

 

Above, I recommended additional periodic scans w/ Malwarebytes. It's never discovered any virus on my machine, but it occasionally finds PUPs. Note "Potential." In most cases, I don't really regard them as Unwanted, and their potential for phoning home comes with the territory.

 

Already downloaded and used Malware bytes. Seem to be on a free 14 day trial but the basic program is free after the trial finishes? It seems really good, I like how you can opt to run the scans when YOU want to. Picked up 72 PUP potentials which I quarantined. So far so good.

1 hour ago, Mike Lister said:

https://www.bitdefender.com/solutions/free.html

Thanks Mike, does it include more than Windows virus protection can? Malware, spyware, ransomware etc?

12 hours ago, Mike Lister said:

Bitdefender (free), you don't need much more.

I had a look at bit defender....I don't see any free programs though

Thanks all for the replies guys, much appreciated 🙂

2 hours ago, jaywalker2 said:

I concur that Microsoft Defender is the way to go. It's free, they don't nag you about upgrading to some premium addition, all of the features are unlocked, it updates automatically with Windows Update and its antivirus properties are as good as any of the paid programs.  I previously used Avast (until it started collecting and selling user data) and Kaspersky and Microsoft Defender is as good or better than either one.

Is Microsoft Defender the virus program that is built into Windows 11 settings or do you need to download it as a separate entity?

3 hours ago, PoorSucker said:

Used AVG free for 15 years

Yes well they're not free anymore lol...company I am using now, no names....original plan $59 US renewal they try it on for double that to resubscribe....then when you go to unsubscribe from renewal they instantly offer you a 50% discount. Not to mention the constant up sell, threatening warning messages. I often wonder if some of the spam ransom type emails are sent from these companies as a hurry up. Just overall not a good experience

Been through 2 anti virus companies last few years and no viruses...but get so tired of being bombarded with threatening messages f how vulnerable you are and the constant up sell / warning messages for add on's that aren't included in their already expensive program. In some ways the prevention is worse than the disease. Also find it a little hard to trust my personal information to a company that behaves so unethically.

According to this companies own warnings of how inadequate my basic $100 per year service is, telling me I need their other 15 add ons, I was wondering if what they provide is any better than the basic virus protection that comes with my PC / Windows

1 hour ago, EVENKEEL said:

just take it to a dealer. Pay a little more, but not bad.

Dealer used to charge 1700 baht to change a 150 baht filter.... Every service until I woke up. One of their many Rory's, along with claiming they change gear and diff oil every service

I did see a few of those videos on the cabin filter but I thought there were other external filters... Could be wrong. Do these pollen filters get blocked up? 

Anyone had experience replacing these? Difficult job? 

You're a bit late to the party Crossy lol? I have at least 6 Japanese electronic things including guitar amps, effects units etc all Japanese 100v and the 110v 50hz transformers work fine. Usually the actual 100v transformers are hard to find and expensive but seem to be more readily available now (per my post above), particularly the smaller adapter packs.

On 5/6/2024 at 10:00 PM, OneMoreFarang said:

As far as I know sex is legal.

Prostitution is not legal under 20 - apart from the fact that it is anyhow illegal.

So, whatever it is that draws her to him, make sure it can't be called prostitution.

 

Personally, I would double check why she is interested. Maybe she has problems with her parents, and she is happy with him. Possible.

But maybe it's a setup to get money maybe sometime later. Be careful! 

Re set ups....I have been here 10 years and never heard one story of a girl, hooker....minor or otherwise setting up a guy for money which surprises me here when every other scam / set up in the book is on the table. I have heard plenty of these stories back home. How easy would it be for some girl to claim you did whatever without consent and demand money given how nasty and resentful they can get...experts at garnering sympathy and telling lies

On 5/6/2024 at 10:54 PM, proton said:

 

Prostitution is completely illegal in Thailand as is pimping and even paying for sex from a sex worker- see the 1996 suppression of prostitution act, I'm not posting it again. That fact that it's rarely acted on does not change the law as it stands

I think its deemed as any form of "inducement"

I had a friend got into trouble with I think a 19yo. Cost him a considerable sum of money too he said. He didn't give much detail, said it was too embarrassing but he claimed legal age of consent aside, there is some archaic law where the legal age of consent is only legal with parents permission until 19 or 20yo. The tricky thing was he claimed that permission could be given, then rescinded later after the fact....so for eg some guy promises he will marry the girl in the future, dowry etc. Then scarpers or changes his mind...the parents can also change their mind on permission and seek restitution. I think its called a "compoundable" offense meaning it's not necessarily a jailable offense, can be sorted out with money / settlement provided all parties are satisfied. All an oxy moron and contradictory but I knew this guy for 30 years and he is not apt to making up stories. Have heard it mention on AN quite a few times also. Not saying it is correct, just my experience

I ended up going for a Pixel 6A for 1500 baht more. over a year newer and will get updates until 2027 and possibly OS updated to Android 15 when its released (officially upgradable to 14). They are beta testing this phone with Android 15 now. Thanks all for the advice

3 minutes ago, vinny41 said:

For Pixel 5 final Android update and security update was October 2023

https://support.google.com/nexus/answer/4457705?hl=en#zippy=%2Cpixel-a-g-pixel-pixel-a-g-pixel-a-pixel-xl-pixel

Some Brands such as Samsung on their  latest  Galaxy A models offer 4 years of OS updates and 5 years worth of security updates 

Android updates and security updates start from when the phone was released for sale not from the date phone was purchased

Oct 2023 was the official end of updates. From what I read there was a final "surprise" update in Feb this year that also included Android 14

8 minutes ago, eisfeld said:

 

 

Google publishes updates for each device which you get usually OTA (over the air) via the built in updater. Once Google stops publishing these updates the only way to get newer updates is via a custom distribution. You can't separately download newer security or OS updates and install them after the vendor stopped publishing them.

I don't want or am interested in newer updates, I will be happy if I have the latest / last updates before security updates have expired.

Do these factory security updates include latest Android updates that were available before updates ceased or do I get them separately?