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Goodison

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Everything posted by Goodison

  1. For those who say just tell them you are in the UK or Philippines there is a current crack down on benefit fraud and they recruited addition fraud investigators. They are getting additional powers so they can check UK bank accounts, turn up at the address you say you live unannounced and talk to neighbors etc. Thailand is now a CRS Country and share your Banking and financial transactions with HMRC and visa versa and HMRC and DWP are joined at the hip. They already check passports when sent for renewal but next year the UK will have digital border which will do nothing to control illegal immigration but they will know every time we leave or enter the Country. The world is getting ever more digital and ever more difficult to hide in.
  2. @DenimYou would get the rate you was getting when you left the UK with the 4 years of increases but that rate would then be frozen.
  3. @oxo1947Over 90% of those on frozen pensions live in Commonwealth Countries with 45% in Australia and 30% in Canada.
  4. This topic of resetting UK frozen state pension was discussed in the link slow. Mike Lister has 2 comments that explain it. If you go the UK, Phillipines or any other Country where the state pension is indexed then to reset your frozen is not about the number of days you stay there but about getting the DWP to recognize you are habitually resident there, otherwise once you return to Thailand your pension will go back to the same rate it was when you left Thailand.
  5. The link below explains that it is a flat tax of 15% for Non Thailand Tax residents & taxed as personal income for Thailand Tax residents. For building they tax 70% of the rent as 30% is allowed for maintenance etc. More than 30% can be claimed if you got supporting documents. So if your wife is a non working Thai under the age of 65 then all you get if you file your tax as a coupe is you can claim her 60,000 THB tax allowance but you can both file as singles. So she has 60,000 tax allowance. Then the first 150,000 is 0% tax. So she pays no tax paid up to 210,000 & as only 70% of the rent is taxable that means you can get 300,000 (25,000/month) in rent and pay no tax. The next 150,000 (70% of rent = 214,000 full rent) you only pay 5% tax which is 7,500 on the full 150,000. So for rent of 514,000 (42,800/month) you paying 7,500 a year tax. After that it goes up as it goes through the higher tax rate bands. https://phuketrealtor.com/blog/tax-on-rental-income-in-thailand-what-should-you-know
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