4MyEgo

Easiest solution, e.g. if it's a retirement visa, open a second account, not a fixed account and park the 800,000 baht in that. Leave all your other money in your other account which they won't see and if EVER something went wrong, it's only 800,000 baht Vs ?

It all depends on the person you are, you sound like you want to make the move to Pattaya but are scared IMO, and like to continue making the money while your working. If you have a partner and a good social network here, you won't get bored, that said, it also depends if your the type of person who enjoys mixing with others, there is also plenty of time to hang by yourself if your so inclined. Those that returned are those that will be bored in any environment, whether it's here or back in their homeland. Routine is key, I love my coffee at 6am before I take an hours walk around a lake where other also walk and exercise between 7am-8am before the sun starts to burn you, if I'm a little late a large brolly does the trick, but not past 9am otherwise you start to turn to toast. I go out 3 nights a week, have a few drinks, shoot some stick and talk to a good expat community and their lovely wives, everyone knows everyone on a first name basis, never had such a large crowd like this back home, it was once a week with a hand full of mates as we were all too busy working to pay the bills. Not having to work is the 2nd best thing to me, meeting the the love of my wife, a new lease of life, a new country to live, it's not perfect, but where is, and while I will always call my homeland home, there is no way I could afford to live there and have the lifestyle that I have here, that is unless I work, then there goes the lifestyle and the stress level coming back. I don't get bored here as I live in a big cosy, very heat resistant house whereby unless I go outside, I wouldn't notice that it's hot, no neighbours either side, behind or across the road of me, just the way I like it, but close enough to travel to get what I want need, and the airport is an hours drive. It's important to travel annually as well, domestically and return to the homeland to visit friends and family every 2-3 years as opposed to sitting idol counting every penny and drinking like a fish because of being bored, but each to their own. There are plenty of things to do, but you have to find what you like, for me, it's Thai time, do what I want, when I want and how I want. Will I ever return to live back in my homeland, I won't say never, but it won't be from being bored. You make of life what you make of life, where ever you are and if your the boring type, you won't survive anywhere, let alone here.

That would be unusual because from what I remember when the wife's sister got done with 6 pills, it was 2 years for each pill. If she confessed, they would halve the sentence to 6 years, she confessed and got out after 3.5 years with all the good behaviour stuff, King and Queens birthdays etc. I also know her new boyfriend after being released was set up by the cops for not dealing their stuff, they made sure he got 10 years, he did about 5, they don't stand a chance here because they can't afford lawyers and the cops word is game over apparently.

Long of the short, yes this is my money being taxed at the source, i.e. a flat rate of 30c in the $ regardless of how much I make on dividends, e.g. $100,000 profit - $30,000 tax - $70,000 net to me. If I was a resident for tax purposes, the first $18,200 is tax free, suffice to say, tax over $18,201 to $45,000 @ 0.19c in the $ = $4,823.82, then $45,001 to $120,000 @ 32.5c in the $ = $17,874.77, so your total tax payable would be $22,698.50 vs $30,000. If resident you do get a franking credit on the tax paid so you don't pay tax twice. So one might say that the non resident is paying more tax than the resident, correct, however a non resident pays zero capital gains tax when he disposes of his shares, whereas the CGT payable by a resident goes according to the amount of income earned in that year, suffice to say 37% over $120,000 earned or 45% over $180,001. All of the above said, it works better for me as a non resident, because I buy and sell shares and pay no CGT, while paying a dividend tax from the dividends being paid. The whole benefit is to pay zero tax on CGT, that is the sweetener vs paying CGT as a resident. Better than a kick in the teeth so to speak 🙂

Technically speaking tax is paid out by the company paying you the dividend, i.e. 30c vs 32c and 10% on interest earned is better than 32c in the $. The above said, if you retain your Oz residency you don't taxed on the 1st $18,200 then it's 19c in the $ thereafter up to I believe $37,000, then it goes up to 32c in the $ thereafter. You also get tax credits on the dividends that you paid tax on, that said, it's impossible to retain residency if your living overseas full time as this is your abode, some will argue, but it's complicated, and I know in my situation, I cannot argue with the taxman, i.e. I am a non resident for tax purposes.

Sounds like you didn't obtain professional advice when retiring as I know a few guys who have superannuation and get money via an income stream and they tell me they pay zero tax.

There are legal loopholes that allow you to pay no tax as a non resident, they are: Australian Stock Market fully franked dividend paying stocks, as the tax is already taken out by the company before they pay you. Interest from bank, otherwise known as Withholding tax, i.e. the bank withholds 10% of the interest you earn and forwards that to the ATO on your behalf. If you have property and receive rent, then you are screwed, e.g. 32% of every $ is taxed with no threshold, you cannot negatively gear the property and claim losses until the day you sell it, and then you will pay heavy capital gains tax back from the day you purchased it if it was your principal place of residence. Are you working in Thailand and being paid in Australia, or do you work as a nomad and get paid into an Australian bank account ?

As a Non Resident, I am not required to file a tax return in the land of Oz, problem solved many moons ago, perhaps others should read up on the tax laws in their own countries and if same applies, then if suitable, become Non Residents for tax purposes. No more paper shuffling.

Try it with soda and lime, or orange juice. Everything in moderation as all alcohol is bad for your liver, try to keep it down to 2 drinks per day as the liver has a hard time breaking down the toxins in any kind of alcohol, and as we know, the liver is the main organ that everything passes through, so it needs to be taken care of, otherwise . . . . .

Th block feature is the best, don't see his posts, replies or comments of any kind, he disappeared from the forum as far as I'm concerned, as I said when I blocked him, so long SUCKER 🙂

Oh come on, she loves you muk muk like they all do, they just show it in a different way. Darling I go get groceries, you give me money !

That's way way way to much, 1 x 1,000 IU per day is enough, have you had a Vitamin D blood test to see where your level is ? https://www.healthline.com/nutrition/how-much-vitamin-d-to-take

Perhaps if you feel this way, you should return to your home country as I am sure they will roll out the red carpet for you. You sound quite a racist to start a post like this, that said, since coming here in 2005, then moving here a decade later, I have never had an issue with a Thai, and always manage to get a smile from them, I am not in the paranoid zone of is that smile real, nor do I care, it's about respect and being courteous, especially when you are in ones home country. I could start a post about all the things that pee me off here, but I might as well include what pees me off at home. Regardless of race or where we are, a smile is just a gesture, a nod of the head, a lift of the head, it's a way of saying G'day, it's all good, who cares what the other person thinks of you or me, same can be said for the guy your having a drink with, we are not mind readers. Maybe you should look down when you see a Thai, so as not to get a smile if you feel so insecure.

I feel empathy at times when someone here on TVF annoys me, that's when I block them, no names mentioned, and that empathy makes me feel real good 🙂

Probably got done by a Katoye....LOL

Judging from Goats baiting, sounds like he got done hard by a "prostitute", SUCKED in HARD if that was the case, otherwise, why all the hard up comments about bargirls, he deserved what he goat, BLOCKED him now....LOL, don't have time for these <deleted>.

@transam Looks like we found another Keyboard warrior who just knows everything and want so aggravate us expats on this forum. To the block basket you go, so long SUCKER !!!

Your a funny guy, sorry I can't help you, we all have different tastes, and for me it was, as you say a "hooker", good luck with your future wife, just be careful to make sure you spare any hookers that come your way.

Can't argue with someone who knows everything. I know lots of Uni students who can't find work, unless it's in a 7/11 store, perhaps you should travel and live in Isaan for a while to get a feel, but then again, you know over 100 females who get more than the old nugget I got sold....LOL

Labels in professions mean squat, would you prefer that I married a virgin, or a Dr, fact of the matter is, I'm as happy as a pig in mud. Sometimes you got to look further, i.e. don't judge a book by it's cover. But each to their own. I'm not insecure that my "virgin" had been around with others before me, as I have also been around with others, only difference is I didn't need money, it was for free, over here, women need the money as they don't have the opportunities western woman have, some will argue, but I know if I were a women, I wouldn't work all day every day to make 300 baht a day, if I could get guys to buy me drinks where I make 50% on the drink, 50% on the bar fine and say 2,000 baht to spread eagle for what 10 minutes, easy 3,000 baht a day, did you know that most guys can't get it up because of the amount of alcohol they have consumed, but they won't tell you that. Like I said, ones sees a prostitutes profession as being dirty, hmmmm, wonder why that is so, many use them for their services, like going to a Dr really, but ending up with a happy ending 🙂

It's all about getting people in debt and keeping them in debt, i.e. debt = control. There are governments that allow people, if they qualify to go into debt with the government, e.g. they buy a house and the government will partner with them up to 40%. Tells me when things are slow, they have to come up with ways to keep the sheep controlled.

There used to be a show back in Oz on Saturday night, and they had a wheel called Pluck a Duck, you could imagine what they used to get up to with the name Pluck a Duck.

And what if they did, you responded because you do give a flying duck, otherwise you wouldn't have responded. I think it a natural instinct to assume it is a she, e.g. when I was typing I wrote she every time and then changed it to their and they, fact of the matter is we have all been hardwired (programmed) to think in a certain way, change is hard, and some of us try, those of us that aren't lazy, that is. I do get what your saying though, ducks can fly 🙂

I don't know about Thai law, but in the old country there was a thing called "Life Estate" for real property. If it's the same here, you might want to purchase a condominium and either live in it, if you haven't already purchased one, and or lease it out, making sure that the lawyers advise the Land Titles Office that it is a "Life Estate" meaning your partner gets to live in it for the remainder of their life or can lease it for the remainder of their life, after that the government gets it, unless you nominate someone else to inherit it, i.e. a child if your partner has children. I am sure you can also lease it now and Will it to her in 20 years, at the time of your passing they will receive the rent until they pass. I have a long term partner who I have Willed everything to, what happens to it after I am gone, is up to them, suffice to say, educating them on how to save, invest and plan for the future does help as has been show to me by my partner, and of course, education is free and rewarding at the same time in situations like this.

Stay on topic, noting you're gender sensitive.....LOL