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31
Plan B Countries - Any Advice or Ideas ?
Government pension is paid to civil service, armed forces, police, NHS, state school teachers, and the like. The State Pension is not covered in the UK/Thailand DTA - so it is liable to be taxed here. However, I received a letter from HMRC recently, on an unrelated matter, that stated that it is "protocol" to provide relief for any double taxation. An extract from the letter: -
5
Russian airlines going bust en masse
The oligarks must be furious with Putin and planning his funeral pretty soon -
336
K bank E-mail with Tax Forms attached ?
IMO just fill out the form and add your overseas tax residency and Foreign Tax ID. Absolutely nothing else will happen after that. They will definitely not close your account due to you being a foreign tax resident. That's not an issue at all for KBank. -
25
Send medicine from Europe toThailand
I sent some anusol once and found out the local postman had stolen it and was using it as toothpaste- 1
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31
Plan B Countries - Any Advice or Ideas ?
I have no idea but if you have been following the many discussions on the tax changes affecting foreigners in Thailand - you must have missed the information on this subject. On several occasions, people, apparently in the know, have stated that a UK State Pension does form part of your assessable income in Thailand whereas income from a Government Pension does not. I have never understood the distinction but maybe a Government Pension is that provided to retired government employees? In any case, although I have not looked into it yet as I am not yet resident in Thailand, from reading the various threads, I will be moving forward on the understanding that my pension, when I receive it, will form part of my assessable income in Thailand. Before you go making any changes to your finances in Thailand or leaving for 183 days to avoid being classed as tax resident, you might want to look at the allowances you receive and do a 'dummy run' to see how much tax you will actually pay. I believe you stated that you are not pension age yet but I would just note that the Thai allowances increase substantially when you reach 65. With careful use of 'cash' and control of how much you actually bring in to Thailand, I think you might find that staying in Thailand and paying tax (if any) is much cheaper than moving around in order to avoid it. That said, I still have to look into the 'Reported' possibility that the Thai authorities intend taxing the tax global income of 'tax residents'. I really don't see how they will do that but its something I will be following and checking out in more detail before I 'make the move' early in 2025. -
11
How much does prescription medication cost in Thailand without insurance?
All drugs are cheap in Mexico even fentanyl ,yanks go there for their meds -
2
When Willful Ignorance is a Way of Life
Another acronym sufferer, but at least an American one -
129
Marrying a Thai Wife: Overrated or Underrated?
is this AI generated content?
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