@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.

@Tony *******

I have never seen what you re stating.

@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.

@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.

@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.

@Mitchell *******

thank you for your suggestion, but until they sort things out in Thailand I'll keep my situation under 179 days.

@Colin ******

A combination of both. In Thailand, $27,000 per/year and $12,000 super All and some funds ib ING bank in Australia giving 5.5% interest P/Y. All tax free.

@Richard *******

That question is to be answered by the Gods. Time will tell

@Jack ****

NO if you get a Thai visa for 60 days you need to be gone by 12 midnight the previous day on the last day of 60 days of your visa. a 60-day visa is really only good for 59 days. If you get a visa that expires on a certain day you must depart by 12 midnight the previous day you cannot remain in Thailand for the day expiry and that is 60 days on the day it says or pay an overstay fine Yes a trap for young players, only in Thailand do they expect you to go one second before t midnight on the previous day they say it expired. That is 1 second after midnight...TIT

@Ken ******

...Clearly you know very little about the Australian Aged Pension (AAP). Everyone in Australia is required by law to direct their boss to now invest an amount over their salary of about 10%, it is like a tax you have no say in it. But it must be in a government-approved investment fund, bank etc. if you earn $1000 a week your boss must pay about $100 into a retirement fund which becomes yours. All tax-free. You can claim this amount when you reach 59y/o soon 60 y/o if enough, you can retire on it, the choice is yours. You can put in an allocated pension or take the lot as you wish. At this stage all is tax-free. You can just leave it there in the fund, it is really just the same as having money in a savings account at a bank, it is yours. When you get to 67 y/o, or 60 Y/O for returned services provided you have lived in Aus for 35 years between 16 y/o and 67 Y/o you will then be entitled to the AAP you can claim in addition you already receive an allocated pension $1116.30 per fortnight. As a single recipient of this amount and provided your private assets do not exceed the Centrelink govt service requirements of about $545,000 you will retain this payment and still enjoy your pension. In general terms, every Australian can likely have a pension of about $45,000 per year and provided their assets are under the threshold, pay no income tax whatsoever That is about my position and several million other Australian pensioners. The $1116.30n is not taxed nor in my case, $12,000 is not taxed as it is under the threshold. The tax threshold is higher for pensioners in Australia. I have skipped over this a bit and about 10% of people their assetsthreshold is too high and they have to spend their allocated pension mentioned till that reduces to $545,000. Over this amount, you lose 50 cents in the dollar till it stops. The threshold goes up for married people. My information applies mostly to a single AAP recipient with assets under $545,000. If living in Thailand after 6 weeks your $1116.30 p/f reduces by about $80 per fortnight.