certain long term visas force rubbish health insurance (has to be thai company and my international insurance much better) and onerous cash deposit requirements (eg. I’d rather my 800k baht was invested in stocks); since I only want to stay <180 days per year, 2-3 visits, visa exempt/short-term visas seem better for me. Other people’s mileage may vary, this is just for my situation, everyone same same but different! 😝
All of that just for 90 days?!! And you need 3 months of rental evidence when applying … so how was one supposed to rent for 90 days beforehand without the 90 day visa? A real chicken-and-egg visa! 😅
Divorce threatening to cost me half my private pension, so already had to rethink Plan A (retire full-time to TH). My plan B is 51% in AU, 49% TH. That way I can get rent assistance and other benefits (medical etc) in AU and dont lose 32% of pension as non-AU-resident. Can get cheap emergency travel insurance for about $500/yr instead of the useless mandatory thai health insurance if resident in TH… by alternating 2 months at a time, can get into TH on 60-day visas, not too long between boom-booms 😂.. downside is transient nature of airbnb accommodation in TH, unless I pay for 6 months when I’m not there (might do that if I dont lose too much of my pension to the Witch).
correct. To further clarify, if cease to be tax resident then must pay 32.5% tax on the age pension. The pension is treated as taxable income but is low enough that you can take advantage of the tax-free threshold. Heaven forbid you should have a UK pension too, since AU will then deduct 40% before passing the remainder on to you 😢. This is all simplified of course, and doesn’t take into account other assets one might have, which could impact tax rates or pension amount. I’m 55 and going through divorce - my c@nt of an ex is trying to take half my (private) pension, which would mean a very bleak retirement as I dont have much to start with (having made the mistake of not saving into pension whilst self-employed). When I consider how good ex-partners have it at law in AU re $$, it puts the hard work of Thai ladies servicing ugly old expats into a different light. There is no safety net to speak of I. Thailand except one’s children and what you can earn whilst still beautiful.
agree. This multi trip Aussie travel insurance costs about $460/year and covers theft etc as well as unlimited medical (even for a 70 year old (not pre-existing conditions though).
months in AU and TH - that way you stay tax resident in AU and dont get hit with 32.5% tax on your age pensio and just remain a regular tourist in Thailand for just under 6 months each year. Even with 2 residences (rent in AU and Airbnb in TH) and flights and 2x60-day tourist visas plus 2-visa-exempt 30-day ones, it work out cheaper than OA/X visa. If you have enough money, rent a condo in TH full year so you can keep things there and feel more stable. Might need to offer full year rent in advance though.
wrong. Full Australian age pension is AU$27,560/year. If you are not tax resident in AU (eg. Live in TH >180days, then 32.5% is deducted at source, leaving only AU$18,603 or BT8600/week.