Worked hard

By François Nang Lae
Posted in Living in Thailand
Tags: , ,
December 26 2021

This is Toey. He lives in the village, but has a large piece of pasture and rice field adjacent to our land, so we call him our neighbor.

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If I deregister from the Netherlands, I receive state pension from the ABP and I receive state pension, what will change with regard to my monthly benefits?

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Non-Immigrant Visa O, Proof of Retirement. I am well over 50 but not yet 67 and have been completely rejected (old WAO scheme). I see on the website of the Thai embassy under the conditions for a Non-Immigrant Visa O that "A prove of retirement/early retirement (Purpose 4)" is desired.

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Where your ABP pension is taxed is regulated in the Treaty for the avoidance of double taxation concluded between the Netherlands and Thailand (hereinafter: Treaty). However, things often go horribly wrong. With the greatest of ease, tax lawyers and tax consultancy firms classify an ABP pension that is not taxable in the Netherlands as taxable in the Netherlands. With a reasonable ABP pension, such an incorrect assessment can easily cost you about 5 to 6 thousand euros per year in undue income tax.

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As a pensioner in Pattaya (this right can gradually be called a customary right), I have to prove again that I am alive. Although I sometimes doubt, it seems to me that this proof can still be provided.

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Due to the termination of international services by Argenta, I submitted my application with the necessary forms to pay my pension via Wise, with the known answer that my question would be dealt with. I have forwarded the document to Wise that must be signed by them.

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I have now entered Thailand on a single entry tourist visa and am in quarantine. Now I can have this visa converted into a Non immigrant O visa in Thailand. I am 50 plus but not retired and receive social assistance benefits of approximately € 1000 per month.

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I intend to emigrate to Thailand and take early retirement. Due to the treaty with the Netherlands, no double taxation may be levied on the so-called income. As it were becomes gross rather than net. If all this is the case, what should be the best way to get my pension money directly into a Thai bank account? Or does this still have to be done through the Dutch bank?

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Concerns about the level of the accrued pension (52%), whether or not they will be able to make ends meet after retirement (45%) and the drop in income they will be faced with (35%) are the main reasons for 37% of the working population to sometimes worry about your own pension.

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At least five thousand employees of Thai Airways International (THAI) are taking early retirement. CEO Chansin says staff are happy with the arrangement.

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On the site I found a lot of interesting information about emigrating to Thailand. Very educational and useful. The information about deductions from the pension benefit if you live in Thailand is still a bit unclear/confusing to me.

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The Social Insurance Bank (SVB) requires proof that you are still alive for the payment of your pension or benefit. You prove this with the life certificate form. You must complete this SVB form, have it signed and return it to the SVB. Due to the coronavirus (COVID-19), you cannot have this signed at the moment.

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If, as a Belgian, you deregister and register at the Belgian embassy in Thailand, I assume that your pension benefit will remain unchanged. Is that right? And if you get married in Thailand will your pension be adjusted?

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Pensioners saw their purchasing power decline by 2018 percent on average in 0,5. Their purchasing power already fell by 2017 percent in 0,2.

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Last weekend, almost all media reported that a debate with Minister Koolmees of Social Affairs took place in the House of Representatives last Thursday. Of course about the pensions. 50PLUS had already requested this debate a year ago, but now it all turned out to be all the more urgent because many a pension fund had already issued fire letters earlier in the week because of impending cuts.

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This week I went to the Thai embassy twice to obtain a non-immigrant visa for 90 days: 1 entry. The first time they said they couldn't process it because I didn't have a bank statement stating balance with me. OK, will. Went back today with bank statement. Balance around € 12.000 Was not enough again. Now a statement of retirement was requested.

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The distribution of pensions for partners who are getting divorced will be modernised. This is the aim of the 2021 pension distribution bill approved by the Council of Ministers on the proposal of Minister Koolmees of Social Affairs and Employment.

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