No one knows what the tax situation is going to be this July or January. My take is nothing will change and we retirees will continue as in years past.
as a precaution, I stopped bringing money from my pension in the US and banking it. I now pay my lease offshore. No children charities or paying girlfriend’s family medical emergencies from my SCB account. Use American 🇺🇸 credit cards a lot more. People bring me money owed. Basically from millions of Baht a year to zero.
small money to them. The dipshits at immigration mandate the amount because the system was so abused and still is. The banks have to hold the what amounts to a somewhat insignificant amount of money for the guys that don’t use the income option.
Raised it from 400,000 to 800,000 about a decade ago. Still have the 65,000 per month income option to savings.
Banks don’t give a shit. Think of the trillions held in Swiss accounts because of no one to claim the money.
Only an inconvenience for the depositors who cannot spend down past 400,000. Many make arrangements for the chick to clean out the account when dead. ☠️ Remember to give a good friend the PIN not the chick with instructions on what to do.
As an aside, the quickest way to killing yourself is to have life insurance with a Thai chick as the beneficiary. Her family will kill you.
Whoever came up with this foolishness was probably already someone sitting out his career in a closet in the PM’s office. This should get him fired for sure.