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UKresonant

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About UKresonant

  • Birthday 03/02/1963

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    Fife UK & Thailand Somtimes

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  1. I think you may have to phone one of the RMF providers. Depends if your salary can emulate a Thai salary perhaps. e.g. https://www.bangkokbank.com/en/Personal/Save-And-Invest/Mutual-Funds/Retirement-Mutual-Funds/BERMF 'Retirement' close enough to Pension?
  2. Is it not still listed on the eVisa system when logged in?
  3. I had understood that a NT tax code was almost impossible to obtain from the UK tax authority HMRC, in relation to residency in Thailand. It was likely stay to stay that way, as long as Thailand was remittance based tax. Could reclaim using a Thai tax cert against UK tax though. Has UK HMRC issued any updates?
  4. Hopefully in about 7 weeks or so, we'll maybe get some actual reports, from.folk that have done just that...
  5. So from that possibility of linking the long term Visas to tax compliance, does that potentially they are unavailable for folks that do not want to be there enough to become tax resident perhaps. If they move to Global taxation, whilst, whilst being excluded from the likes of even basic access to some basic health cover, it makes it quite disappointing. (Together with many private health insurance not being effective if not there, for 6months out of rolling 12 months, and due to a pre-existing uncertenty they would pay out). I'm not in Thailand currently, if it were not for existing ties to Thailand, the thought of detaching from the UK, and becoming totally committed, generates apprehension rather than the pre-2019 desire.... The administration of the tax procedure is yet to be seen, in its re-interpretation, will they ask for supporting docs that are impracticle to obtain, or make assumptions on possible verification availability. The first quarter of 2025 may shed some light...
  6. 'Are my UK state pension and or my private pension taxed in the UK regardless of my tax residency?' Yes, if the contracting state of residence is Thailand (in other jurisdictions a NT tax code may be possible) https://assets.publishing.service.gov.uk/media/5b05425fed915d1317445ed2/DT_Digest_April_2018.pdf https://assets.publishing.service.gov.uk/media/637e192f8fa8f56eabf75e5b/Double_Taxation_Treaty_Relief_Form_DT-Individual.pdf As Thailand is remittance based taxation, if you only send 50% of your pension to Thailand, who is taxing the other 50% in the UK . UK will tax it and you apply for tax credit relief along with the Thai submission, (or get a form from Thai RD to get the excess back from HMRC. Just a paperwork guddle for small amounts).
  7. If you read Form DT-individual in conjunction with the 2018 DTA digest for UK / Thailand, unlikely that you would get a NT tax coding.
  8. Taxable, if not savings pre 2024 or savings created whilst non tax resident in Thailand, If you are a newbie, plan it so you are under the 180 days in that calendar when you move the money across? (That's what I did back in 2018)
  9. They are using the 180 day rule. It was the fiscal domicile, article 4 of a DTA (e.g.UK / TH), centre of vital interest. I was referring to.
  10. It certainly would be good if the 2023 memo on the following year rule reinterpretation (or even if they made it year before last, treated as saving) was withdrawn. Anything I would be remitting often has already been taxed in the UK, and it's just going to be a big paperwork and time wasting exercise, and the need to keep a years double tax money as a float. (I'm not there all the time) But reverting the 2023 memo still may not mean no tax, they now have the Tech in place to enforce the 2022-23 situation, and it's unlikely that would change. If your center of vital interest is in Thailand, the potential for 'in year' ongoing Enforced Tax liability would not change most likely. The one year that I may have been Thai tax resident was cautiously funded from prior year! [Also hoping the Global Tax thing does not come, it would kinda like Mosquito repellent for there, for many]
  11. Two entries, for UK folks, RTE London https://london.thaiembassy.org/en/page/exemp-visa
  12. I did not think the UK state pension deferral was going to work very well for me, should I be over in Thailand at claim time (67 now);- Annual increases After you claim your State Pension, the extra amount you get because you deferred will usually increase each year based on the Consumer Price Index. It will not increase for some people who live abroad. https://www.gov.uk/deferring-state-pension/what-you-get ............ Still just under 6 years to go until claim date, unless .Gov default on it again. 40 years NI but would still need another 6 years NI to get full new state pension. Current thinking is the state pension will be piled into and ISA or a purchased annuity buffer as it could become a bit undependable, if it's more of a political football. Whispers on youtube that the politicians are going to restrict it for those that have put the effort in to their retirement plans, via means testing or taper. Another problem that the politicians recognized, the demographic change, but sat like dummies and did not address. Could have had hybrid building with a sovereign invested pension fund in play that would creep up to the proportion of the demographic change by now. UK .Gov project planning being pretty hopeless these days.
  13. The devil will be in the detail. If it is paid as a part of an estate via a will I would not expect tax as Inheritance (under 100m THB) If it is written in trust and you are a direct beneficiary, as it's written in trust. I'm not sure (as I have some assets like that) Hopefully it would still.be accepted under IHT, but Thailand does not really have trust law.
  14. The UK State Pension would perhaps not be under that section, it is possible that a person obtains it through credits for example from Child Benefit (or over 16 at high school if they still do that). It is not from employment directly. Previously the politicians said it was called a benefit, because you benefit from. Now thay are tacking towards oh it is a benefit not an entitlement, and are moving to change it.
  15. The other scheme segment mentioned has a title that may suggest a Gov connection, but it is not paid by the Gov so is not on the "Taxed only in UK" list. But it is also a UK DB pension, assessable but hopefully credit relief should be relevant

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