Hello all.
Having read a few government and non-government websites, I am still confused upon taxation position for a retiree in Thailand.
Maybe someone can offer me a little advice and direction as I am also seeing some comments that although taxation is a legal requirement, that there are instances where taxation authorities have responded that "you are too old to pay tax". !!
I am a UK National, aged 64, retired, and without going into detail, I luckily have a few income streams to support me during retirement:
1. ISA Fund invested in 100% Equities Funds
2. Personal Pension SIPP. Drawdown Income
3. Rental income from two small flats
4. Occupational Pension Annuity from private sector employer.
5. State Pension from September 2022.
Planning to retain my home in UK but looking to possibly become expat retiree in Thailand.
From a solely financial point of view, if all of these income streams are taxed at official Thai rates then it is probably safe to assume that, due to progressive nature, my income tax obligations may well be higher in Thailand than in UK!?
Appreciate any comments or personal experience on this.
Thanks in advance, all..
Alan.