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David *******
This is a summary of
David *******
's contributions to the platform. They have posed 4 questions and added 217 comments.

QUESTIONS

COMMENTS

David ********
@Marky ******
Yes, I believe there are different rules for returned servicemen. Even if you are not injured you can get the Australian Aged Pension at 60 y/o. Good luck.
David ********
@Ernesto *******
OH ...on the Australian Aged Pension Aussies, can do quite well in Thailand. I know Aussie men who live with a Thai lady and a few kids all quite well and happy. Even modest drinkers and fun lovers.. Plenty of them.
David ********
@Paula ********
...There are ways to overcome this issue...say no more.
David ********
Some tax experts in Thailand think it will and some experts think it will not and Thailand Govt taxation experts haven't got a clue
David ********
@Susie ********
NO!!! and provided you qualify by Centrelink requirement it is yours no matter in the world where you live. In fact, Centrelink will remit your pension to any country you live in every 4 weeks at their expense less the AAP supplement for about $2,000 p/y, you will get about $27,000 p/y. You are not covered by Medicare, and you will not get rent assistance, not get fuel allowance and many more benefits of a total value of about $10,000 each year. PS... all this information is on the Centrelink website in Australia...it would be prudent if all recipients and prospective recipients study it. It is likely where all your income comes from.
David ********
In Australia the tax-free threshold for Australian Aged Pension (AAP) recipients is $35,000,p/y the AAP is mostly tax free,, before this you pay nothing. As you are now over 67 y/o. Super after 2015, it is taxed by the Federal Govt at $15% before the dividends are revealed. there is no way even the Super investor can know how much tax they paid. My super before 2015 is grandfathered it is promised to be so whilst I am alive, I do not have the 15% deducted before dividends are distributed. How will Thailand find this out as the policyholder does not even know themselves.
David ********
Greta Guy....Clearly, you have no understanding of the Australian Aged Pension (AAP), so I'll tell you. To get a full AAP of about $29.000 per year including the AAP supplement of $2000 you need to be resident in Aus for 35 years from the age of 16 y/o to 67 y/o and have had to have lived in Aus for over 10 years. provided your additional investments do not exceed $545.000 (about to go up a bit), if they go over this amount you will lose 50 cents in the dollar for each $1000 of your pension. This means you will no longer receive any AAP when your assets exceed about $900.000 and if you live overseas from Aus after 6 weeks of absence you will lose the $2,000 P/Y supplement. Thus leaving you with about $27,000 per year. Provided your assets and income are under the threshold you can have up to that $545,000 and invest it as you wish. 80% of people in Aus keep it in Superannuation as the tax is removed from your fund before the dividend is distributed. This leaves you with no commitment to pay any taxation on your AAP or investments if you have up to $545.000 invested (your money). No more putting in tax returns if over 67 y/o unless your assets are over the $900.000 peg out time.

e.g...If you have an AAP in Aus and $200,000 in a superannuation fund or else, after 6 weeks of living in Thailand you will get $27,000 AAP (being less $2000 AAP supplement) and be required to take a prescribed deduction according to your age of about $12,000 p/y extra. That describes my situation and about 2 million other AAP recipients who live in Aus. The AAP once granted is for life and it matters none where you live in the world provided your assets do not exceed the assets or income level.
David ********
Well on this trip to Thailand, I only decided to go for 2 months and booked accommodation and a plane ticket too early for those 2 months. Now that the visa you get on arrival is available I'll be staying for 3 months next time. I previously obtained a 30-day extension at Blupoint Shopping Centre Immigration Hua Hin for Bt1900. It's now a bit easier??? and lots of smiles (LOS).
David ********
@Greta ****
One word only...rubbish. You only lose the AAP supplement after 6 weeks. $2,000 per year, provided you are within the financial Centrelink threshold...sorry.
David ********
@Greta ****
I am not sure how you are calculating Lena. Any Australian over 67 y/o who qualifies for a full Australian Aged Pension (AAP) and a modest amount of Super can live usually quite OK forever in Thailand even with the AAP not as good but OK to good. Bht 12,000 a week, That, is almost enough to get a retirement visa in Thailand. If you had a regular job in Australia for 35 years your compulsory contributions would easily pay for your Thai Retirement Visa. Perhaps you did not save much...sorry.