Dear readers,
As of January 1, 2016 I want to emigrate to Thailand. I am then 64 years old. My AOW accrual is 98% and as a former teacher I receive a private pension from ABP. In addition, I still have an old regime single premium policy (before 1990) with a value of 50.000 euros. Finally, I will have sold my house before January 1, 2016.
I regularly read this blog as well as the information. So, a lot of information has been provided on this topic. Nevertheless, I would very much appreciate the answers to the following questions, partly in view of the fact that many things have changed in 2015.
PS I am single.
Questions, when emigrating to Thailand:
- Can I obtain payroll tax/national insurance contributions based on the above exemption?
- Can I buy out my single premium policy tax-free?
- Will the proceeds from the sale of my house fall temporarily into box 3 after deregistration and emigration?
- Can I then keep the proceeds from my house in the Netherlands in a bank account in the Netherlands or will this have repercussions?
- In addition to a bank account in Thailand, a residential address in Thailand, is it necessary to obtain a tax number in Thailand, which is stated in question 1 and question 2?
- Are there other things I should take into account when emigrating? Suggestions also welcome.
Thanks in advance for this.
French
French,
You can hire expertise. Might be worth considering. Gr Rob
Hello French,
I have a lot of information about this from experience, We have been living in Thailand for 7 years
If possible, I would also like to receive this information.
Thanks in advance.
Just one piece of advice, please contact Marty Duijts, tax consultant in Raamsdonkveer. Specializes in Thailand goers, arranged this very well for many of my friends here and for me! Google him and give him a call or send him an email
question 1: you can only apply if you have deregistered in the Netherlands, a special form is used for this. In Thailand you need an address and rental (or purchase) contract with which you can emigrate
and apply for proof of residence.
question 2: you can state this in the form and the old regime can be exempted.
question 3: if you are exempt, there is nothing left in the box….. You simply put your (after repayment) capital in a bank account.
question 4: no repercussions if you leave your money (temporarily) in the Netherlands.
question 5: You do not need a tax number. Although you have a taxable income in Thailand, that is too low due to the high exemption for the elderly.
Remark. The form on which you submit the application includes a question as to whether you will be paying tax in Thailand. You must leave this question unanswered. Then you're not kidding. But the service is not allowed to ask this question; European court ruling. If they want to know something, they can request it through official channels. But they do know that you are not paying because you have insufficient income. And that has nothing to do with power. More questions: robert-ec @ Hotmail.com (just take out the spaces.
Moderator: Reader questions should go through the comment.
I would like to share this information
Dear Frans, first of all see the file Taxes.
1. Can I obtain wage tax/national insurance contributions withholding on the basis of the above exemption? Yes, for the private abp pension, no for the state pension.
2.Can I buy out my single premium policy tax-free? Yes, pay attention! apply for the exemption before the surrender!
3. Does the proceeds of the sale of my house fall temporarily into box 3 after deregistration and emigration? No, NL is no longer authorized to levy any tax on this capital after deregistration and emigration.
4. Can I then keep the proceeds from my house in the Netherlands in a bank account in the Netherlands or will this have repercussions? Yes, long-term detention in NL is possible, there are no repercussions, see 3.
5. Is it necessary to obtain a tax number in Thailand in addition to a bank account in Thailand, a residential address in Thailand, which is stated in question 1 and question 2? See Bob's comments above.
6. Are there any other things I should take into account when emigrating? Yes, that can be a long list, e.g. visa, health insurance yes/no, accommodation Thailand, including household effects, that list forms itself, if questions remain, then there is Thailandblog; if in doubt consult Marty Duijts.
Good luck and welcome to Thailand soon.
NcoB
Sorry, but no exemption for ABP pension is possible, except if the ABP pension was accrued with a legal entity other than “the Government”. Consider the energy companies, water companies, etc
Bradijs, you are absolutely right, no exemption from ABP pension if based on a government pension.
Questioner Frans, however, indicates this: “as a former teacher of the ABP Privaat ( !! ) receive a pension ”
In my answer to his question I indicated and repeated what the questioner himself indicated (Private pension) and I therefore assume that this Private pension is based on employment as said as a former teacher, where the employment did not take place with the government.
This is quite possible, e.g. an employment contract as a teacher at a private school or institution.
If the pension is based on employment with the Government, then, again, you are right and no exemption can be requested. Frans himself knows for sure how this works, so now he has an answer to both possibilities.
Nico B
Dear,
Contact Allianz insurance in Rotterdam (www.allianz.nl) regarding your single premium policy.
I was recently in exactly the same situation and it has cost me a lot of time and effort
to get all this properly arranged (through them). (They are almost the only ones in the Netherlands where you can still do this
can do).
Kees
Dear Kees,
What you mean is that Allianz is one of the few insurers where you can get an annuity single premium in an annuity policy with installments and you are right about that..
But the questioner indicates at question 2 that he wants to buy off this old regime policy tax-free.
Frans can easily arrange this with the Foreign Tax Office in Heerlen, or if he is still covered by his current Tax Office at the time of the exemption request for surrenders at his current Tax Office.
Nico B
http://www.lijfrenteuitkering.net/emigreren-met-een-lijfrente-uitkering.html
I would like to read this url, regards Hans