Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II

[The Cyclist]

10 hours ago, topt said:

Disagree - I know many who aren't. IE they are on state/private pensions and as such potentially taxable......

 

I do not think that there is any dispute that the UK State Pension or Private Pensions are potentially taxable in Thailand.

 

The circles that you move in, and the area that you live will largely dictate the people that you meet and come across. Therefore I wont come across many / any that are living solely on a State Pension. Probably a different story in towns and Cities.

 

Therefore peoples experiences can, and do, differ.

 

Another thought also occurred as I was typing. It is perfectly plausible that some of those Private Pensions people that you meet / know, might actually be on a Government Pension and simply refer to it as a Private Pension.

 

Of course, the noise around the topic of the thread will now have people nailing down their type of pension, since it hit the headlines just over a year ago.

 

I think I can stand by what I said previously.

 

The biggest cohort I knew when I first came to Thailand were O & G workers, predominantly in the late 30's to mid 50's age group.

 

When I retired fully, the small circle of expats that I currently  know are mostly Government Pension holders. Some will also be Private Pension holders.

 

Ex Police / Ex Military / an ex fireman and a couple of others. These are people that I know and meet up with regularly, usually on a golf course or a restaurant

 

Not in the habit of grilling people who I bump into when I visit town or less frequently, the city, on their Pension status.

[topt]

22 minutes ago, The Cyclist said:

I think I can stand by what I said previously.

Apologies I should have said that my experience was different to yours.

The people who I am referring to I have had conversations with bout what they used to do before retiring. 

[The Cyclist]

8 minutes ago, topt said:

Apologies I should have said that my experience was different to yours.

 

No worries, life would be rather crap if we all had the same experiences.

 

9 minutes ago, topt said:

The people who I am referring to I have had conversations with bout what they used to do before retiring. 

 

Sometimes a source of confusion, depending on your age and previous experience, or how someone puts it across to someone else.

 

Retired Military - Someone who could have retired at 40 with a Government Pension.

 

Retired Police Officer - Someone who retired after ( I think ) 25 years with a Government Pension.

 

Same with Firemen and a whole load of others.

 

All retired,  in receipt of a Government Pension, and not old enough to qualify for a retirement visa / extension in Thailand.

[sometimewoodworker]

13 hours ago, topt said:

Also, and here recent memory may be more faulty, but I don't remember @sometimewoodworker even being part of any earlier finance discussions....

You are absolutely correct for the previous 16 years from April 2007 I had no particular interest as the situation was rather well defined and didn’t have anything special to contribute so I only participated In areas where I had actual knowledge or experience to gain or give (FWIW over 10k posts mostly in the property and some in the immigration fora). However the Por 161 and Por 162 changed the structure and I needed to pay attention and discover exactly how I needed to arrange my finances and understand both the sections of the U.K. DTC and Thai tax code that now effect me and of course others.

 

The ability to understand both are not exactly simple and require time, work and a mindset that appreciates paying attention to exact wording. In most other areas this would be described as being overly pedantic and nitpicking, but in tax and immigration law/rules it’s a distinct advantage or even a requirement.

Edited 14 hours ago by sometimewoodworker

[KhunHeineken]

13 hours ago, The Cyclist said:

 

No worries, life would be rather crap if we all had the same experiences.

 

 

Sometimes a source of confusion, depending on your age and previous experience, or how someone puts it across to someone else.

 

Retired Military - Someone who could have retired at 40 with a Government Pension.

 

Retired Police Officer - Someone who retired after ( I think ) 25 years with a Government Pension.

 

Same with Firemen and a whole load of others.

 

All retired,  in receipt of a Government Pension, and not old enough to qualify for a retirement visa / extension in Thailand.

Interestingly, it's those occupational government pensions that are covered in many DTA's with Thailand, not an aged pension, based on welfare / benefits.  

 

Many members see the word "pension" in their DTA and think they are fine.  That may not be the case. Many DTA's cover only specific pensions, not all pensions. 

Edited 2 hours ago by KhunHeineken