UKresonant

It's not the transfer that is taxed, it is the underlying earnings or taxable event, whilst you are in Thailand for more than 179 days. If in Thailand for more than the 179 days, you may have surrendered fiscal domicile to Thailand, so anything you remit to Thailand, from those periods may be potentially taxable, in the.years going forward, when remitted to Thailand. ( memo POR 162 gives some exemptions for prior to 1st Jan 2024) If tax resident outside Thailand, and pay tax to, say your home country, and you are in Thailand less than 179 days, not Thai tax relavant, whenever remitted to Thailand. In a lot of cases (eg UK ) best to be in that status, for the likes of property sales and the like. These are the guidelines, as I understand them, not to be taken as fact! But generalisation of what papertrail proof , to create....

Did not think the marraige visa needed funds from overseas, interesting question what if the wife just subs you the 400k! The income method does need the 40k+ THB/month proof from overseas. I used to SWIFT using Lloyds group straight into Krungsri in GBP and it always showed the correct code. Perhaps HSBC needs to use a correspondant bank to route it to SCB. perhaps they have a direct relationship with a different.bank which would be direct, and should show the direct swift in? (of course they could change banking relationships as their business decides.) Good idea for me to keep a file of proof I suppose.

[Big chunk missing it timed out!] Annuities Vs ISA /SIPP dd, availability of value to meet for example a large medical fee. Idea;- <=40% Annuity, 25% SIPP, 25%ISA, 10% Cash (some gold?) If a chunk of money along, I would actually maybe add a purchased annuity (rather than from my pension funds) A basket for each egg, depends what the management charge on the basket is, of course...... Hope you get things sorted whilst UK tax resident and before you sell the UK address....if possible.

I am another that is happy with HL.co.uk products. (Annuity rates are good just now, but what rate of indexing on an annuity will keep up with inflation? If an RPI indexed annuity was selected the indexing will move to CPIH in 2030ish) I'm in the lucky position to have DB pensions that do what I think your looking for from annuities. My HL Stocks and shares ISA is mainly in Investment trusts, which often have dividend cover which smooths the income stream. The ITs include some 'dividend heros' [will continue, dinners ready]

Have to wonder if she knows that TH RD are not trawling below a certain level, say 400 or 500k? That would allow that choice. But make doubly sure you don't owe any tax in case of spot check. 60k 190k (over 65) 100k (50%of pension) Other allowances 150k Zero tax band Not much meat below 500k if only remitted pensions, of over 65s. Probably not worth looking at less than 800k, for such a grouping, would seem a poor application of resources perhaps?

Would appear that way currently. But Thai Tax residents of 2024 and 2025, will be liable for dividend and capital gains remitted from income and CGains earned in and from either year for 2025, 2026 Q1 filing.... Order No. Por.162/2566, issued on November 20, 2023, ... the new interpretation should not apply to foreign-sourced income earned before January 1, 2024. This means that income derived prior to this date will be subject to the previous rule: it will only be taxed if brought into Thailand within the same tax year it was earned. This order aims to ease the transition for taxpayers planning the remittance of previously earned foreign income.

It was the interpretation of when income became savings that changed, no change to the actual Tax law. Previously you could accumulate your income in one year, and if remitted in the next tax (calendar) year, it was considered as remitting savings, therefore not assessable. Simplicity for me as all remitted value would be savings, when remitted at least 1 year later, (all income taxed at source in the UK already). Now just a paperwork hassle should I become tax, resident in Thailand. So agree it is an old law (.same.as.when I.checked in 2018) but + POR161 amended by POR 162 (savings before 2024). If Thailand goes Global tax that would likely become apprehensivly complex. Not being all there as some.would.say, and still substantially attached.to the.UK.

Thai Revenue memo POR 162 most likely.

Non tax resident so you have till the end of 2025 to sort things out, if not going until 9th July. You could also create some savings account pots (ideally with the interest mandated to a different account). That should not be subject to tax on sending to Thailand in later years, if you keep the paper trail. Trust you are keeping UK accounts open as far as possible. Non-Resident Sterling FCD account could be useful perhaps to SWIFT into. If you think the GBP THB rate may become slightly improved. I've not been to Phetch for about 22 years!

Your savings were not generated (from assessable) whilst Thai Tax resident? Or are from before 1st Jan 2024 (POR 162) Savings are capital only not comingled with interest payment (particularly interest paid whilst Thai Tax resident)? Hypothetically you should not need to file in 2026 Q1 for these savings remitted, but would need to keep the paper trail.

Many public sector pensions allow a nominated partner to recieve a widows pension now. (I think the clause that, if they marry subsequently after getting the survivors pension they loose it, is still there somewhere)) Attempt to put a nomination to the scheme admin, soon as, and pursue the marraige subject separately. The other big chunk of my pension (classed as a company pemsion) has a witnessed copy of the wife's Thai docs in my pension file.

1. Yes transfer at least a credible base amount. I always have some cash in Baht in my pocket.. 2. As long as it remains.remittance based, I think every second.year, or perhaps even every 3rd. ( If it goes global Yes.) 3. Visa, don't know. I find the detail of many Visas is like shifting sands even if the core remains.fairly stable. I'm always in mostly hypothetical mode, e.g. £11700 base amount (all taxed) in UK and 480k THB transferred to Thailand p.a.. £### mobile pocket money. Perhaps only transferred to Thailand when generated as non tax resident in TH. UK tax year 6th April-5th April >183 days at the end of the day. Thailand tax year 1st Jan to 31st Dec >179 Days if no Thai earnings. Base amount continuous. Extra Transfers to Thailand after >183 days in UK idealy, preferably within 6th April to 31st Dec. (Will they ever issue the non-O Multi again, though the evisa is pretty quick) But life not bonded to tax planning!

Yes the OA was what I thought would be an easy multi-entry visa, after June 2019, when the non-O Multi was discontinued, with eVisa system. Then the insurance came along Oct 2019, option gone. The problem with many Thai insurance, policies is you have to be in Thailand for 6 months out of 12. So for a newbie who does not check the health insurance policy, thay may have a policy but no actual cover for.the first 6 months! Sadly it scuppered the O-A usefulness from my point of view.

I'm anticipating having to declare total income Vs total UK tax, for operation of tax credits. If it remains remittance basis, I'm only remitting a component of income, and the exempt element is a relatively low percentage of the total. Still not clear on actual custom and practice of TRD, in respect to tax credits. There was a PDF attached to the initial tax thread, about page 222 maybe, 'the Norwegian Question' answer by TRD. As that person was after certificates from TRD, they declared total income, but only remitted income was taxable. If I remember correctly they had to ensure the tax free personal allowances in each country did not get doubled up. My phone skills can't find the link.

Have the latest bill, just came in the post (UK);- Electric £0.2192 per kwh ~0.43 AUD Standing charge per day £0.6463 per day ~ 1.29 AUD This is on a fixed contract till 2026, belive the kwh rate has gone up approx 10% since. Because my 'centre of vital interest' will likely remain the UK, if TRD move to Global Tax it would be very sour, considering all standing costs in the UK.Then add loss of some income being tax free, £3000 CGT allowance loss. Would make that step over the 179 Day line a much bigger issue, compared to remittance basis.