
paddypower
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Everything posted by paddypower
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You are more than kind. my Danish born wife was devastated to be reassessed for repayment of the 2023 years pension, retroactively. she has never owed any debt in her life and now at 82, she is receiving demands from their debt collection agency. all due to our ignorance of the rules that moving to Thailand, from Canada, with Canadian citizenship only - rendered you ineligible for the 2 Danish Govt pensions. what I am hoping to do is to personally settle the debt and apply for renewal of her Danish citizenship, provided it means something. The amounts are small - but the stress is unhealthy. again, tak.
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what I am interested in seeing, for the 2023 tax year, is what my tax accountant does with a fairly large amount of dividend income. its taxed on a w/h basis at 10%. and I do understand the rules for gross up to claim a refund (they're somewhat onerous). in prior years it was tax free. anyone else in a similar position - i.e. with a large Thai dividend income?
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After 26 years here full time, the golden rule is ''you must obey the law'' - and, in case you were not aware, the law is whatever is interpreted by the officer/court/whatever. I've managed to accept this, at Immigration. But forced to ''eat'' 5 mill. in condo value, at the Supreme Court level. just file a return, is my advice. It's a minuscule point: but one day, you may consider to apply for Thai citizenship, you'll need proof of having filed tax returns, regardless of no tax liability. jimho 🙂
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Many Thanks . I've located that website. One of the biggest hurdles is that most of the Danish Government agencies assume you can register for (and communicate by) their digital post system. We cannot do that, because, crazy as it may seem, they rejected my wife's passport photo, because it was taken 7 years ago. Her photo taken today using the NetID app is rejected as not being the same person. I have also contacts Pensions International by phone. I just wish there was a specific Q & A section, that I could translate into English, in order to find out what the various factors are? By the way, my wife did qualify for a Danish pension, for the many years when she lived in Canada (despite not reactivating her Danish citizenship, once the rules allowed dual citizenship.
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well said. and as for the calling the guy an idiot, interestingly enough, Wilki defines 'Idiot' as someone FOOLISH. It goes on to look at the historic use of the term, before everything became so (deleted) up: quote: 'Idiot' was formerly a technical term in legal and psychiatric contexts for some kinds of profound intellectual disability where the mental age is two years or less, and the person cannot guard themself against common physical dangers. To stretch the point - it's okay to refer to this guy as an idiot because he was foolish enough to not guard himself against the obvious dangers of walking into someone's fist.
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thanks. but this year we will have close to 2MM in income. so yes, I can plan to minimize the tax rate. by income splitting.. there is a secondary reason why I'm looking to contact a Danish pensioner. It is to find out are Danish citizens entitled to the govt pensions, or not. I cant get an answer from any Danish websites. I do know that you do not qualify for the pensions, if you you do not have Danish citizenship. are there any Danes out there, please?
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Retirement 800k rules
paddypower replied to mja1906's topic in Thai Visas, Residency, and Work Permits
agreed. but there is/was an active exchange of opinions on whether or not you had to wait the full 12 months, complying with the rules for both options, before switching ''off'' the deposit method. remember, I saw what happened at OK Corral. (gun shy 😉 0 -
I do have a modest request. MY wife gets 2 pensions from the Danish Government. One is an old age benefit and the other is from her contributions to the national pension plan. Are there any Danes on this thread? Hoping to share any thoughts about the situation, where there is no double taxation treaty between Denmark and Thailand. tia
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I'm a shattered accountant (retired CPA). So, I tend to walk my dogs on the beach when the subject of anything to do with income tax comes up. Why? because some here seem to suffer from obsessive compulsive syndrome about the future landscape of Thai taxes. In your case, with respect, why in heavens name would you waste space quoting some non-expert your heard speak at a irrelevant forum?
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agreed. same with Russia, North Korea, China (very unlikely, as they have conventional forces to achieve their aims). This is just aimless thinking: Russia would never drop one on Ukraine even if (I dearly hope) they look like their losing their 'special' war. North Korea has its begging bowl out, as it waves its missiles; but again unlikely, although the country is lead by nutcase #1.
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Northern Ireland? - read your history books, bro. History has shown that most colonialist/conquering nations have left a trail of destruction, behind them,, due to political ignorance or, just plain ego. African countries, India, Pakistan, Bangladesh to name but few examples,are prime examples of conquering nations dividing up lands that left them disfunctional.
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Retirement 800k rules
paddypower replied to mja1906's topic in Thai Visas, Residency, and Work Permits
It's also a cost/benefit decision. This year end I will switch to pension income basis. so Il take 400k out for 6 months, invest it at 5% net of tax (that is 20,000 baht return on investment for 6 months) and rebuild my 800k balance using my incoming monthly pension. We live off Thai investment incomes/rents). the 40,000 baht a year saved will be invested in maintaining my wine storage unit 🙂 -
Great story! Age wise, I'm in the same boat, (78) excepting I have to be careful with our retirement capital, as my wife has special needs. I had the opportunity to cash in capital gains of 1+ MM baht earlier this year. I was very close to buying a car, (which I seen listed for sale here in Thailand). It is similar to the one I used to drive/race back in Canada 25 years ago. A 1984 manual Porsche 944. the only reason I'm posting is - we all have our dreams. I don't think that buying a new car should be one of them - especially many German models, most of which look indistinguishable from cars built in SE Asia. If you're keen on a German built car, why not wait for the coming financial collapse of the Thai economy. One of the first things to come available cheaply, is luxury cars.