4MyEgo

Hopefully after you have read the above, where you did mention in your post, to put up or shut up, accept the fact ?

Again, your not listening, it is only subject to tax if...... Taxation of Age Pension as the Only Source of income If the Age Pension is the only source of income for an individual, they may not be required to pay income tax. This is because the Age Pension income threshold for the tax-free amount is set at a level that is higher than the basic Age Pension rate. As a result, many Age Pensioners with only the Age Pension as their source of income will not be required to pay income tax. https://oneclicklife.com.au/is-my-age-pension-taxable/ As I have said before, no I cannot, because it doesn't exist and you know that there is no non resident threshold, again, you do not want to accept that if the only source of income, is your pension, regardless if you are a resident, or a non resident, you will pay ZERO tax on it. Apart from that, I am done and dusted, going around in circles on this.

As mentioned previously, there are legal means for non residents to earn an income from Australia without having to pay tax as a non resident, but it would appear you haven't worked that one out yet. Yes, some supplements are cut off, Centrelink is not set up to collect a non resident tax you are referring to, for age pensioners, because if the age pension is the only source of income that person has, he/she won't be paying non residents tax, the same principal applies in Australia. Banging my head up against the wall, yet again. You still don't get it, its like I say, 6 2 1 half dozen the other and your confused. The age pension is deemed an income if you have other sources of income, if not, it is taxable, get it, 6 2 1 half dozen the other, chipping away. In layman's terms, if you DO NOT have any other income apart from your age pension, you pay ZERO tax, on the other hand, if you have other sources of income, on top of your age pension, then you will pay resident tax and get the $18,200 threshold, if your a non resident it's a straight 32c to the $ including your age pension which will form part of that income, because you are getting other sources of income on top of your pension. 6 2 1 half dozen the other.

You just contradicted yourself, remember, you said you are a non resident, but because you state that you are on a long holiday, your domicile is Australia....LOL

You cannot state that you are on a long holiday if you are in one country at a time, i.e. not moving around, everyone knows that, and what you believe to be your "domicile" so that you can avoid paying non residents tax, can be challenge by the ATO. https://www.odintax.com/resources/australia-tax-residency-definition-rule-and-provisions#:~:text=Your residency is where you,new country becomes your domicile. The only loophole is in your head as non residents can avoid paying tax "legally" without thinking they have a "domicile" elsewhere, i.e. Australia, when their actual domicile is Thailand. It's called self disclosure, and as you have been avoiding paying non residents tax because you believe Australia is your "domicile", then when they catch up with you, if they catch up with you, then you can explain your case to them, and they can challenge you to be a non resident who has avoided paying non resident tax. Can't understand why you haven't set yourself up as a non resident to not pay any tax, as I have done for the past who knows how many years, excluding withholding tax on interest earning from the banks 10% of the interest. Nothings changed really, they can currently prove 100% by immigration records that you are a non resident, the onus is on you to disprove them.

Sounds like someone back peddling to me, or trying to place an each way bet when not sure if the horse is going to come home in 1st place, after all that gas bagging.

Ouch, did you hear of the new Capital Gains Tax changes to non residents ? It's ok if you never intend to sell, also that 32c in the $ from rents got to hurt, plus not being able to negatively gear your losses, i.e. if your a non resident, otherwise you should be fine, providing that you can prove your residency.

Sorry but I am a spoilt biatch, like my comforts, couldn't do a caravan if I tried for 2 years, remember, I have family that would visit once a year for 2 months, so would need room for the ladies, nd me of course.

Thanks for the heads up, and yes from the St George area. I have a couple of good mates who are agents and work the area, and am always in contact with them, I also still have tools to see what the market has been doing, e.g. can bring up properties, see when they last traded, sizes, ages of building, levels, parking etc etc. I used to have a unit in Ramsgate Beach, that said, the bottom end of the market in my opinion, i.e. under $800k is still very active (steady) because of the 1st home owners grant and free stamp duty, yes governments do have a way of keeping the markets from falling, or inflating the bubble even further. I really can't see myself returning as I have maintained my earning of 100k a month here from the stock market in Australia, no capital gains tax payable and tax paid already when I receive my dividend payments, that said, it's a lot of work and money that has to go in, and after 8 years and aging, one does start to tire. The 50,000 baht a month from the Age Pension would be a relaxing welcome, but by the time I did the math, i.e. take funds out of the market, buy a unit to save on the rent for the 2 years, then that money could be making me 100k baht a month here, so I would be losing 10k baht to make 50k baht a month, if you get my drift, doesn't matter which way you to try to play the game, they have you checkmate.

I also put mine in through my accountant about 4 years ago and haven't lodge a return, I do have a PO Box if they wanted to say anything, or communicate to my accountant, but nothing. Same same, didn't provide my accountant with my car logbook, and they asked for it, and so did he, but I was too busy to fill one in and give it to my accountant, had to pay $8,000 to them, my bad, learned my lesson, i.e. don't be too busy when the ATO asks something from you. If memory served me correctly, I think I posted something with regard to an offset and if taxed at 32c to the $, Age Pensioners would be $120 a week worse off, so yes agree, the time and cost to track people down would cost more than that IMO, not to mention would cost the government more than that per week, if those Age Pensioners returned, as they would be entitled to rental allowances, electricity supplements, health care and pension cards, etc, etc. Yep, that was a major FU, even heard some people killed themselves over the alleged debts.

Agree with your point 110%,, noting that as a non resident, it is my understanding that you are not required to lodge a tax return, i.e. unless you have other sources of income from Australia. I don't lodge one, haven't for years, and if the only source of income in Australia is your pension, i.e. retirement income, then my understanding is, you wouldn't be required to lodge a tax return as well. As mentioned in a previous post, if you have other sources of income in Australia and are a non resident, then you will be taxed on that income, plus the Age Pension as well, this is what makes sense to me, in other words, why would the ATO bother an Age Pensioner living overseas, especially if he has no other income sourced from Australia. The ATO knows that the time and expense it would cost to collect small fish isn't feasible, so they put on bigger hooks to catch bigger fish. Below is copy and pasted from Google: The below scenario from my interpretation, while it typically would relate to the Age Pension in Australia, it could also apply to non residents in my opinion as well, e.g. a non resident could have a case to argue with the ATO, if they were pulled up, and if took it to court and won the case, would set a precedent. So better left alone, it could also create an uproar politically by those seeking to obtain the Age Pension down the track and move to greener pastures overseas, so to speak. The Age Pension whilst not taxable for Australian residents if it is your only source of income as a retiree, in my opinion, shouldn't change because of your residency status, i.e. because you choose to retire overseas (as a retiree), while deemed to be a non resident, and the Age Pension is still your only source of income. (See below). The Age Pension forms part of your taxable income. However, if it is your only source of retirement income, you will pay no tax. If you're on the Age Pension, you also receive health benefits and reduced charges on rates, telephones, gas and electricity, car registration and public transport. Some of us are thicker than others, I guess. I can agree with you on the above, however there is always two sides to a coin and my explanation above may get a thumbs up on the way I see it ? So if you don't lodge a return because your not required to, you become a ghost. Nothing passed, nothing changed, however some still like to play the drums, to avoid providing links to legislation, even when their neighbours have asked them stop it repeatedly, so best to put on the ear muffs from now on.

Fair enough mate, we all have different opinions and that's ok, hence the reason we are discussing the issue at hand. The guys I know have been here for decades and don't lodge tax returns, and one of them worked overseas for years. I don't believe anyone declares themselves as non residents when they leave Australia, perhaps except for myself as I earn interest from banks & they with hold tax and give it to the ATO. My other investments are not taxable as a non resident or the tax is already taken out when payments are made to me. Th pension is interesting to me because I am 50/50 on getting applying for it when the time arrives, albeit it the 2 years in jail is the stickler i.e. is it feasible for me, and from what I have worked out, it isn't unless I buy a 2 bedroom pad for that period vs renting, but that would then mean taking my funds out of investments which earn me money, so there would be a loss of income for those 2 years, and I earn more than what the pension would provide me, anyways, it is what it is and we will cross that road when the time comes, depending on what the world is doing and how economics play out then. The question I have is why haven't Age Pensioners being paying tax while overseas and all of a sudden there is TALK that's all, TALK that things are going to change come 1 July 2024 because they are going to change the days that will determine your residency status. Now Centrelink are linked up to border control and know when you leave the country, as soon as you pass through immigration, and if you are on the dole, your payments stop straight away, and as soon as you enter the country, they start again. The above said, why doesn't that happen with the Age Pensioner, ask yourself that, it's because Age Pensioners have the right to exit without an issue, even though the same government department is paying you. I don't like TALK, links to government legislation is what I read and like to see, because that is what makes law. Until such time I see that Age Pensioners are taxable if they live overseas on their Age Pension, then I am sticking with what I hear at the coal face with the guys I know that live here and don't pay tax on their Age Pensions, can you name one you know that pays tax as a non resident, just asking for a friend :)

To provide the link to the legislation that states that to be the case. Do you believe everything you read, ask yourself this, how many times have you heard, Centrelink, Services Australia, the ATO said this, yet the staff who play many roles, with the staff getting it wrong, hence providing a link to the legislation makes things concrete as opposed to what "Blake" from the ATO said in an ATO thread. Conclusion "Blake" is WRONG.

Please do provide this link so that I can b brought up to speed.

Or what ?

Again, you didn't read my post, you cannot find anything in the legislation that states that an Age Pensioner has to pay the 32c in the $ if they live overseas, look at the keyword I highlighted in bold from the ATO link, which means squat if your only source of income is the Age Pension when you live overseas. Note the key word below is all income, but if your only source of income is the Age Pension, you won't pay tax on it, same as in Australia. If you disagree, then put up, show US where it says the Age Pension is taxable by it's self if you are a non resident. I couldn't show you a link that says it's taxable as a non resident if it's your only source of income. So accept the fact, it is what it is. As a foreign resident for tax purposes, you will pay income tax according to foreign resident rates. This means for all income under $180k, you'll pay 32.5c per dollar. You would only report and pay tax on your Australian-sourced income to us. You'll likely be eligible for the seniors and pensioners tax offset (SAPTO) though, meaning you'll get a tax offset to help counter the tax payable. You don't have to be a resident for tax purposes to receive this.

I would say you didn't read my full post ? Extract: There is NOTHING that says Age Pensioners have to pay tax if they live overseas. I believe where people get their nickers twisted is when the Age Pension is assessable income, i.e. when other sources of income come into the mix, e.g. hypothetically speaking, if I am a non resident, and I am on the Age Pension and I am living overseas and I make an income from other sources, then I have to file a tax return and ALL of it goes into the mix and gets taxed, the only difference is there is no $18,200 threshold, plus the tax rate is higher for non residents. If you are a non resident and you don't have any other source of income, then your pension is not assessable, same if you are a resident in Australia. This all makes sense to me, and that is why they don't tax Australian's on the Age Pension and non residents on the Age Pension.

From my extensive research on the Age Pension over the years, it is clearly written that the Australian Age Pension is not taxable in Australia if it is your only source of income, however if you receive other money, be it from dividends, working part time etc etc, then it all gets assessed on the Australian Taxation Scale, meaning your Age Pension also gets taxed, as all the income is in one basket, lets not forget you get the $18,200 tax free threshold. Google, copied and pasted: The Age Pension forms part of your taxable income. However, if it is your only source of retirement income, you will pay no tax. If you're on the Age Pension, you also receive health benefits and reduced charges on rates, telephones, gas and electricity, car registration and public transport. https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/income-you-must-declare/government-payments-and-allowances#ato-Taxfreegovernmentpensionsorbenefits Now, as far as I can see, the Age Pension has not come up anywhere in writing as being taxable overseas, that's because it's not, and will not be come 1 July 2024. The rate of 32% as some scaremongers are and have suggested won't happen, why, because it is not assessable income in Australia if you have no other source of income, now read that last part again, yep, my interpretation is, because the Age Pension is not assessable income in Australia if you have no other source of income, then it won't be taxed, regardless if your living overseas, suffice to say I know a few on the Oz Age Pension living here for years and they don't pay tax, and they are non residents. https://www.ato.gov.au/individuals-and-families/coming-to-australia-or-going-overseas/your-tax-residency There is NOTHING that says Age Pensioners have to pay tax if they live overseas. I believe where people get their nickers twisted is when the Age Pension is assessable income, i.e. when other sources of income come into the mix, e.g. hypothetically speaking, if I am a non resident, and I am on the Age Pension and I am living overseas and I make an income from other sources, then I have to file a tax return and it ALL of it goes into the mix and gets taxed, the only difference is there is no $18,200 threshold, plus the tax rate is higher for non residents. If you are a non resident and you don't have any other source of income, then your pension is not assessable, same if you are a resident in Australia. This all makes sense to me, and that is why they don't tax Australian's on the Age Pension and non residents on the Age Pension. Those saying that come 1 July is going to be a bad day for Australian Age Pensioners who are non residents are unfortunately talking BS in my opinion. I will stand corrected if they can back it up with some link stating the obvious, i.e. that overseas Age Pensioners who are non residents are taxed at 32%, now please don't send me an ATO link where someone online sent in a query and was told they pay 32% tax, that is because they also have an income on top of their Age Pension. Now to cover something else you mentioned later on in a post regarding tax in Thailand. I copied and pasted the below, so I can't take credit for it, and as it was from another source I suggest you and others peruse it, as it does make sense. Income that is remitted to Thailand is assessable in Thailand, funds that remain outside Thailand are not. If we take the simplest type of income and say that you transfer personal savings from overseas to Thailand and those savings were earned before 1 January 2024, those funds are not assessable. But savings earned after that date are, hence the date when the income is earned is extremely important. A word of caution, you may be asked to provide proof that savings were earned before 1 January 2024. Another common type of income is pensions, which can be complicated, depending on the type of pension and the country that it comes from. The country of origin is important because there are over 60 different types of Dual Tax Agreements, sometimes called Double Taxation Agreements (DTA’s), between Thailand and those 60+ countries and each one is different. As a general rule, most private or company pensions from most countries appear to be assessable here but YOU will need to confirm that yours is or is not. If that is true, private and company pension income IS assessable income in Thailand. US Social Security payments, a form of pension paid to some older people, can only be taxed by the US under DTA rules and Thailand is forbidden from taxing them, this means those payments are NOT assessable income. UK State pension on the other hand is not covered by a DTA so it is assessable income in Thailand whilst UK Government or Civil Service and NHS pensions are not! Australian old age pension is assessable income in Thailand. Taxable Income per year (Baht) Tax rate: 0 – 150,000 Exempt 150,000 – 300,000 5% 300,000 – 500,000 10% 500,000 – 750,000 15% 1,000,000 – 2,000,000 25% 2,000,000 – 4,000,000 30% Over 4,000,000 35% The Thai tax system contains a series of Allowances, Deductions and Exemptions that will help you reduce your tax bill and they are very generous. It is easily possible for the average expat foreign retiree to reduce their taxable income by 500,000 baht or more each year. For example, a retiree aged 65 years of age, married and living here full time, supporting a Thai wife who has no income and doesn’t file tax return, is allowed the following: a. Personal Allowance for self - 60,000 b. Personal Allowance for wife - 60,000 c. Over age 65 years exemption - 190,000 d. 50% of pension income received, up to 100k - 100,000 e. In addition, the first 150,000 of assessable income is zero rated and free of tax Additional deductions and allowances exist for health or life insurance premiums paid in Thailand. A complete list of deductions, allowances and exemptions can be found here https://www.rd.go.th/english/6045.html or from Sherrings below. https://sherrings.com/personal-tax-deductions-allowances-thailand.html I HOPE THE ABOVE HELPS CLEAR THINGS UPS, WITHOUT GETTING INTO A TENNIS MATCH WITH SOME.

I noticed that they have watered it down to make more profit, call me paranoid, but I noticed the difference just after Covid restrictions were lifted, suffice to say, I believe they did this to recoup the losses during Covid. Well that's my take on it.

https://www.resmed.co.th/

I'm with you on that, heard about this a year ago and here we are, nothings changed.

Everything (property) in Sydney goes up in value over time, that said, a studio wouldn't suit me as I would be bringing the wife and 2 kids over for 8 weeks each year, so the kids will require a room, a studio would be depressing, especially when coming from a very large house. One also has to think about resale, e.g. more buyers looking for 2 bedders, than 1 bedders of studio's, that said, I also know that the majority of studio's are under 50 square metres and banks won't led to anything under that.

I wouldn't need the wife then, suffice to say, she has a roll to play, as I do, I am the ATM, or as she puts it, broken ATM

Every immigration office has different rules, so stick with what your immigration office requires. For the past 7 years, my immigration office has always required, embassy verified translation of PP from the very first application, to the end of my old passport expiry date, e.g. expired in November 2023, I then went and saw them in September 2023 when I received the new passport and had them transfer the stamps to the new passport. My marriage extension expires at the end of this month (January) and I called them as I wasn't getting any answers here on the forum, and the immigration officer advised me to bring all the docs as usual verifying my PP (old), and the new PP, but next year I won't require the verification papers of my PP (old), just my new PP and all stamped pages along with my photo page.

My Passport expired in November 2023, I had the new Passport in September and had the stamps transferred then, my marriage extension expires 31 January 2024. I have since spoken to immigration and they advised to bring the papers I have been using, i.e. copies of the old passport translations (Oz) and the new Passport and next year I won't need to use the translation papers for the old passport, as the new Passport will be a continuation of the old Passport, if that makes sense.