BKK1969
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I had always assumed that the Australian OAP was 'means tested'. Is this the case and if so, at what income level does it cut off?
I retired to Thailand in 1997 at the age of 45. My income is from investments in Australia. On the advice of my accountant, I declared myself 'non-resident' in Australia and now pay 10% flat tax on earnings there. That is a lot less than I was paying.
Should I live to the age of 65, (highly unlikly with my lifestyle), how poor will I need to be to receive an old age pension or part there of?
Probably worth pointing out that in Australia unlike some European countries you don't pay any part of your taxes into a pension fund you pay it into general revenue. Superannuation is designed for that purpose.
The way both political parties are pulling the spending levers I wouldn't be surprised that by the time you're on a pension it won't be transportable across borders at all.
So get a Super fund going or have a good time up here.
Won't be much fun down there unless you become a deserted single mother, a drug addict, join a minority religion, go full on LGTBI. If you can claim indigenous ness. That's work too.
Lottsa options[emoji3]
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Well you daid it yourself andwered your own question. Im not an exeption to the rule there are many more like me than there are like you.
Jeab1980 has a point, my friend married a bar girl 28 years ago and it worked out well but that's rare and she wanted to get out of the scene and never go back. That old saying about " taking the girl out of Patpong is easy but taking Patpong out of the girl ain't" is usually the norm. Things get tough and she goes back on the tools.
These days they farang guys marry Thai girls their own age and use dating sites, that works better and overall educated Thai ladies make very good wives.
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Ladies in Thailand.
in General Topics
Posted
There was a gal like that around in Patpong in the eighties who featured in a book called from memory, "Hello my Big Big Honey". She had about five Brits on the go at once and was very adept at scheduling them so that there was no overlap.
Could be her and she's moved on.
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