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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 ********
@Ken ******
...Well that is now an infinite number of options. Who would do that? the super is really not free for those who have had their super invested since Jan. 2015. My super under $545.000 is tax free. It is grandfathered.
David ********
@Greta ****
Sorry but is a complete misunderstanding of the situation. You can reside in any place in the world and still receive these payments if you are within the assets and income threshold (in fact the Australian Govt will send payment due to you every 4 weeks and pay the cost of doing so, you only have to ask Centrelink to do so). The extra income as I have shown is $12,000 P/Y is just really an investment as would be the case if you purchased shares in any company. I repeated you will not lose your Australian Aged Pension (AAP) if you are within the assets and income threshold. If you go overseas for more than 6 weeks. all people will have the supplement of the AAP supplement of about $2,000P/Y.stopped.
David ********
@Colin ******
Yes it is accessible but only if your taxable income is over$35,000 per year and you are over 67 Y/O and you are below the assets threshold, most pensioners are, Superannuation is free of tax. So at $27,000 if living in Thailand that amount is well below the tax threshold in Australia where the investment is..
David ********
In April before the 60-day visa exemption I had a 30 visa exemption from BKK. At Hue Hin Blupoint Mall (no"e") lower level I rolled up my Passport only, an application for an extension and Bt1,900 plus and a receipt from my hotel saying I was paid up and lived there (my hotel is used to this). All done at Immigration in 1 hour and a big smile from the very lovely Thai girl...no problems. No separate passport pic under 6 months was required. I'll be going again on the 2-month visa exempt soon.
David ********
@Greta ****
... In Australia, once you are granted the Australian Aged (AAP) (Pension at 67 Y/O of $1116.30 per fortnight, it is yours for life provided as a single pensioner your assets do not exceed the assets or income threshold of $545,000 reviewed every 6 months by Centrelink. On top of the aged person of about $27,000, P/Y there is an amount of approx $2000 each year added if living in Aus, it's called "the Australia Aged Pension supplement" If you live outside Australia after 6 weeks this payment stops. You only get the AAP of $27,000P/Y.

As indicated if you do not have any other assets to $545,000 which in most cases this amount or some of it may be put into an allocated pension fund often owned by banks in Australia must be guilt edge investments, The AX200 units based perhaps or similar they can download what they require. This money is yours you can do what you like with it. If your assets exceed $545,000 i.e. $745,000 your AAP will reduce 50 cents for each dollar you have, so if your $200,000 over the limit you will only get $1016.30, $100 P/F less until it peters out as you Assets got near $900,000 ....there are perhaps 2 million Australian in a similar situation AAP plus some allocated additional payout tax-free. My information is for a single person, if you are married different conditions will apply.

My situation is like the above amount except it is not $545,000 but considerably lower and I can take as I wish 7% or more of the current capital amount or more each year tax-free, soon to be 9% because at 85 Y/O the required download will be 9%. I can leave it in the fund but I will be liable for about 47% tax of the excess amount I should have taken. Presently I take $12,000 a year from my fund. This means my income is under the threshold where I have no tax commitment in Australia but maybe yes in Thailand ...only time will tell TIT.
David ********
@Etincelle *********
Yes it all seems to be a hat full of worms, I can see many more glitches with Thailand's newly improved government undertakings. Ask me in 5 years how they are travelling. The answer might be the same ...nothing.

...there are many questions even the experts are having trouble. It's a bit like going to 3 different head doctors. The 3 analyses all will be different.
David ********
@Colin ******
Yes maybe, but the Super sum after 1st Jan 2015 is assessed at 15% of profits against the investment company of my investment on the ATOs behalf but not for me as my super before this date was grandfathered prior to 2015. To implement a tax on super in that is Thailand might have insisted that details be insisted on from the ATO. Which the ATO insists it keeps confidential. This payment to the ATO in Australia is already taken by the ATO and may exceed what Thailand insists on then on the residual. This amounts to double taxation which is likely covered in an agreement with Thailand and not allowed. My income is all under the tax threshold in Australia. The tax the ATO takes after 2015 is not disclosed it is taken before dividends are declared. I can only see a can of worms being opened in this.
David ********
@Mitchell *******
. Well, where do you start? Thai tax matters? conflict between Thai immigration and Thai Foreign Affairs Embassies Consuls? The issue of "long-term visas" in Thailand? The immigration issues them some different rules? Tax agreements between Thailand and your home country. Will AAP recipients or private pensioners who have tax-free status in their home country will be accepted in Thailand? ...the never-ending list goes on. Two many to go through it's all here (maybe a hundred pages or more). At present, we may seem to be getting some precedence with different outcomes depending on what office of Thai Immigration you attend or an Embassy???? (two different departments of Govt.) There appear to be a lot of novices in Thailand's new Government. So many unanswered questions.
David ********
@Mitchell *******
thank you for your suggestion, but until they sort things out in Thailand I'll keep my situation under 179 days.