@Harris *********

i have taken the wise fees into account - see bellow

Sending £10,000 with Wise after fees: 451,132. Exchanging at Rich assuming no transaction fees as per rate above 451, 500. Is the 368 baht better outcome worth all the hassle of getting cash, carrying cash, exchanging cash and then depositing cash on the thai bank a/c with all the risks involved along the way?

@Paul *******

just checked for £: Wise 45.37 Rich 45.15

Tik Tok Jomtien (Pataya) 5000 baht

First question will be always whether you are a resident for tax purposes. If yes the second question will be whether you are taxed on worldwide or only thai-submitted income. And third question whether your country has a double taxation treaty with Thailand. Has anybody had a proper professional advice yet? When i had it in Indonesia the chap calculated the indonesian tax on worldwide income in line with the self assesment rules, personal allowances and tiered tax brackets as per indonesian tax law, deducted tax paid in UK as per my UK tax return and arrived at the additional tax due in Indonesia. Interestingly the tax liability difference was minimal but headache of the second tax residency can be huge. I decided the world is too big for me to create additional headaches for myself and will simply not stay in any country long enough to become a resident for tax purposes (which usually means more than 182 days in the fiscal year). PS: sending money to your wife is another matter itrelevant to you as it becomes her own tax affair and she may need tax advice.

@John *********

oh ok … i thought you were on Non-OA. Would AIA qualify for OA

Aplication in London?

@John *********

that’s a great news - finaly the dreaded health insurance put to good use. What insurance do you use?

@Anthony *******

be careful with social media naming in shaming. Very strong legal framework against it.

@Danny ******

how do they make the money - exchnage rate used competitive (against eg Wise)? Banks’ business case is to make money on evertything they touch.