Wayne, I retired at 62.5 and moved to Thailand 3 days later. Many people told me to wait a few more years to get more money. I worked with several people who tried to wait to retire until 67 to get a full retired pension. Some died before they got there, and a couple died shortly after. For me, having less money but more time to enjoy whatever years I have left made the most sense.
I am 60 in October I have had enough now I am selling up and taking early retirement next June iam not Rich by no means but I have enough. I am heading over to Thailand to enjoy probably my last decade ❤
Retirement is at the end of 2025 at 62. I'm not waiting any longer.. be in Chaing Mai in 3 weeks for my 3ed time and decided my first trip It was home. Thank you, Wayne, for the blogs! Would never have found chang Mai without people like you and your videos!
Every time you do a vlog it's like I'm listening to my own thoughts😂! I have plans to retire in Thailand and originally I was going to do it at 55 but I might wait a couple of extra years to be more financially stable. Plus, I think of the fact that that's a lot of years to try and keep myself entertained. Still doing my yearly trips and will be back in BKK and Chaing Mai for the month of October!
It's always a good idea to have an interest or hobby of some sort if you're retireing here. Many expats come here and fall into the trap of heavy drinking as they have nothing else going on. Keeping active is good for your'e overall wellbeing.
Nice one Wayne ! Your fortunate in being relatively young . Us old fellas at 70 and still working full time have a problem , that can only be solved but moving out of the west into SE Asia or other low cost location. The western governments have been taking upto 40% tax inclusive of income and sales tax , but at retirement the cash is not flowing back to have respectable retirement. So for me retirement is a myth unless Thailand can become a viable option. The attraction of bars and night life diminishes the older you get in favour of more healthier options. In addition with age comes vulnerability and security concerns. Which is why retirement homes are popular. So depending on what end of the scale you are health and wealth wise will determine what you do . Make each day count and as the scouts say . Do a good turn to someone every day .
Great comment Adrian, thanks for sharing. I totally understand what your saying. It's not easy right. I'm sure you could make it work in Thailand, especially living a quiet life. I agree, security and health is something to think about when reaching a certain age. I made the right decision coming in my 40s but will I regret that later in life? I guess time will tell. Thanks Adrian and good luck.
I turned 50 last year and couldn’t imagine being retired at this age. I had a career change five years ago and love the job that I’m now doing. I work 2 days a week and have an excellent quality of life. I have more than enough invested to retire but I still need a purpose.
I'm 55 and considered semi-retired. I work 6 months in my country from January till June to keep myself occupied and live the remaining 6 months in Chiang Mai. Had been doing that since 2022. No regrets.
Fascinating film Wayne. Enjoyed your candid views on retirement, even pressed the subscribe icon. 😀. Look forward to your next instalment. Best wishes from me here in Pathum Thani, just north of Bangkok.
@@WalkAboutWayne yes thanks Wayne all okay here. I’m heading back down to Bang Saray at the weekend. Trip to the Bangkok hospital for removal of stitches from a wound on my back. All fine though. Best wishes from me here.
i think everyones situation is different. the healthy you are - the likelier it can be done. I’m 51 now. Getting my finances set to retire at 55 - if i must retire due to job loss. Targeting 58 first retirement. 62 at the latest.
First time I watch you Wayne.. Im starting to be interested in Chiang mai, instead of Pattaya for my retirement. Love the trees and the nature that looks have Chiang mai. Where is that park you walking around? thanks for the video
I don't blame you, living in Thailand now, and not waiting who knows what the future hold, I wish with all my heart I can come and live there now, but to many complications over here I have to wait but I will retire at least a couple of years early
Once I hit 50 I’m done working. Mid 40s now so not long to go. I’m re-stacking the beans after a divorce wiped me pretty good. But making great progress so no doubt I’ll get there soon.
I’m 49 here in US. Can’t wait to retire in Thailand. Once my daughter is financially stable and I get things wrapped up here. Hopefully it won’t take longer than 5 more years!
I 'm 48 here in China, , a FIRE movement member:-) In planning to long stay in Chiang Mai, so quiet and peaceful town close to the nature, except not good infrastructure and unfriendly to pedestrian.
was lucky- my trades union had the golden 80 plan. Years of service+ age=80=full pension. So out at 55, moved to Thailand, started my gov. SS payments at 62. Twenty years on, loving it. Prolly made my last visit to the US last year.
Great topic and personally I am not sure I'd want to move to Thailand full time. A few reasons but mainly that draining heat and the older I get the more I struggle with it. All these years paying into a Private Health Fund I wonder whether that extends to residing in a foreign country. I've never researched it but, for me, that would be essential. Great topic mate as always. Cheers Wayne 🤩
Yeah, the thought fighting unbearable hot weather and humidity for long periods is very disconcerting. I’ve never really experienced hard-core humidity in the states except for a little bit in Hawaii.
Love these latest vids Wayne, I will be in Chiang Mai in late November and will begin my retirement travels. It is very exciting and I cannot wait. Thank you for your honest assessments of your life it's a breathe of fresh air.
If anyone can , why not , especially if you are single & a good money manager , look after your health regularly, retiring at 50 is possible , sure you will need to keep busy & have some hobbies I’m 57 and I don’t plan on working g again - but everyone is different - good discussion WW - all the best ✌️😎✔️👋🙏
This is a very honest vlog with the question many of us have. I've made the choice to move to Thailand and for now as a snow bird. Winters and Spring there and back to the US for the summers and fall. For now that works for me but beside weather and food and the lower cost of lower cost of Living I like the idea of having that side of the planet closer to me for travel and experiences. I mean it is a lot easier to try New Zealand and Australia from Thailand then it is from the US just in flight time alone. I also love the Asian cultures from China to Vietnam to Japan and the various surrounding nations. So having a base to travel from where it is beautiful and safe and for the most part very stable Thailand makes perfect sense. There are other places but in Asia and her in the western nations but they are not as safe or attractive as the Asian cultures.
Thanks for the video, last year, I lived in the Jomtien area close to Pattaya for 6 months and my monthly budget was $3K and that's with companionship with a regular Thai lady for 3x a week and not buying any lady drinks and barfines. I been eating Thai foods in the market not western food. I don't even smoke cigarettes/weeds & chew tobacco. I was planning to retire but changed my mind in the last minute. In my early 50's now and back to work in sunny Cali to get more extra savings then retire for good. I'll try to come back to LOS late next year maybe of the possibility of retiring since America is getting worse right now.
Great video Wayne you brought up a lot of great points my husband and I are in our late 50 we’re not planning on waiting or working until we’re in our 70 i work now with a couple who’s in their 70 something and I feel for them and their folks who wait and wait for that little extra money and by the last week or a month before they ready to retire they end up with heart attacks or some other unfortunate mishap and far as friends or acquaintances we’re pretty much have a hand full or less friends we like it that way as for me I’m pretty much rather being a loner had many friends or acquaintances throughout my life I’m at the point now I don’t care for the drama lol it nice and peaceful for me this way
Hi Wayne, every word you said is true for so many people. Will I, won't I, it's not an easy decision. For me, I'd like to give it six months in Thailand and see how it goes. It's about keeping your mind busy, a routine that works. Try another country the following year, it just might hit that balance...
Evening Wayne, thanks for a great video mate 👍 I like to hear about the financial side of living in Thailand. You mentioned you receive a small trickle of money from the UK, could you explain what it is please? Is it rental income from property or dividends from stock market investments? Reason for asking is that I’ve got some rental properties that I still have mortgages on and only make £300 profit per property if nothing goes wrong - basically I don’t think I’d have enough income to quit the rat race, especially if a boiler breaks or a tenant damages a property and I’m liable for repairs.
Thank you mate! I've done vlogs before on it buddy It's nothing exciting, just a few projects I've got my fingers in.I'm not really going to go into all on here but I might do an update vlog on it in the future. Maybe do some other things on top of that mate, some online income. I have a few different streams and it all adds up. Thanks man and good luck.
House just sold should hit Hua Hin around November retiring a little early (51) but sick of the shit in the uk looking forward to chilling out. I’ll buy you a nice steak next time your down that way
Just practice gratitude. That would help with longevity. Negativity doesn't help and may affect health. It is difficult for sure. I hope to see your vlogs when you are in 90s.
I was about to retire in 2020 at 61, then covid happened so i did another 3 years, I was concerned if I had enough money, but tbh Asia can be so cheap if you live simple. Time is more valuable than money, retire as soon as you can, you can often earn some extra if needed.
Semi retiring ( work one day a week to keep boredom at bay) in Chiang Mai next week at 56 years old. Been planning for about a year and crunched the numbers so time to live life at my pace.
surely the Uk has a Double taxation sgrrement with Thailand so you dont get taxed twice. Personally after spending over a year in Thailand and now spending the next full year in Vietnam, taxation situation seems a lot more calm here. Are you getting on that DTV visa wayne? thats how their gonna get ppl liable for their global income in Thailand; once they renew their DTV and spend 180+ days in the country theyll be asked to declare their income, which will become a credit for your tax return at home if your country has a DTA
Retired from Canada to CM about a year ago at 57. Feel very fortunate that it has all worked out well so far. Not sure if I'm staying in Thailand for the duration but we will see what happens.
I’ve seen all your vids and thoroughly enjoyed every one, even the sly humor Anyway let me give you Einstein magic formula. If you earn enough to sustain the lifestyle you choose while topping up a bit to combat inflation… well then you have discovered E=mc squared. This applies to anyone. The constant is the topping up for inflation and the variable is you lifestyle Keep doing what you’re doing Wayne and I’m not talking about your excellent vids, I’m talking about your choices that make you happy 🙏
I think I saw you yesterday driving your motorcycle while I was also driving home 😄. But I plan to retire in Thailand. Same method as you. Not lavishly but just living smart. Chiang mai has felt like home when I first touched down 2 years ago
In an ideal world, I would get a fully remote job and base myself out of South East Asia, most likely Thailand or Malaysia. I'm 48 right now, but the plan is to really start looking at 50. If I can't get a job working remotely, then I will try and retire around that time and do a bit of travelling. I intend to fully retire at 57 and travel, everywhere, rather than base myself in any on specific location, but, as you say, a lot of it depends on income.
You're in Chiang Mai, you'll live to 103! The UK would have done an early one like Australia. Work, life stress is insane here. UK looks bad too sad😢 52 and on my way over from Australia. Take care and cya when I'm up north there. Pai hot springs look good for the old bones 😃 after Pattaya etc.
My dad had me when he was 50 and retired in his 60s. Never heard him complain. My mom was/is 10 years younger than he was so yes I'm biologically theirs. I have two older sisters before me.
Each to their own Wayne! My Mums well into her 50's now and she's just gone back to university. I don't see myself stopping at 50. If you ask me the biggest appeal of Thailand is that your money goes further, and your time becomes yours again. I hope when I am 50 new doors will be opening for me, in Thailand or elsewhere. Dude you probably don't want to hear it but the whole "I probably won't live long" thing is just you dodging the problem you sooner or later have to face, however you choose to face it.
No mate, I've always had that vision of not living long from way back. Even if it was dodging, I would have know problems with that either. I'll take care of tomorrow when I get there, if I do. Cheers buddy.
Remember when we were at school, Wayne. Anyone who had reached 40 years would be knocking on the knackery door. Well, didn't it come around quick, aye! Best advice I have is to travel and explore while you can. There are no guarantees in retirement years. Make a structured plan and don't settle for a bar retirement. Some of the loneliest people on this planet seek comfort in there and are rarely satisfied.
It's a huge decision you don't want to get wrong, you might not be able to change it in the future. Depends on how much you like your work and how happy you are to work or split your life between Thailand and wherever you are from.
I definitely wouldn't work getting a UK pension in 20 years into your financial future. Since 2016 it's been classed a benefit so it'll only be a matter of time before it's means tested. So it will exist, but you'll need to be living in the UK. Australia have already implemented such a system.
Inflation is the big one. My retirement nut is already outpaced by inflation in West. Cheaper countries should have even higher inflation, but there’s always the next cheaper country. Better than working again.
I just turned 50 a couple months ago and also have the steady income but now I have hit that target age I thought about for so long... I am leaning more n more towards just doing a few months maybe once or twice a yr... I have a home with no mortgage, no wife or kids and enjoy singledom but don't wanna spend all yr in UK or live out there full time either... the two big ones for me are no land ownership and not easy to get citizenship... even permanent residency isn't so easy now... I've been sick since I arrived here in VN on my way to TH and never more have I wanted to be back at home..... cost of living out there is not gonna go down... work permits are becoming harder to get... retirement sounds fun but ya do get bored after a while... re taxes , if you British there is a no double tax treaty with UK - TH anyway... personally I'm going with the couple trips a yr out there instead of full time living there.... one makes ya appreciate the other even more!!
Great to read your comment. I hope it all works out for you . Retiring in Thailand isn’t for everyone. I still say the best ways is to come for 6 months and 6 months home. Not sure on the Tax treaty, nobody knows if that will be a thing or not. hopefully that all works out but we shall see. Thanks and good luck
My original plan was to pay off mortgage, rent the flat out, save £20K for emergency and retire in Thailand after 6 years at 50. Not sure anymore i might extend it further coz i domt want to restrict myself from travel to retire early.
Good discussion Thank you for this At 52 I retired and left the US for Southeast Asia But I still work long days filming and editing So I guess I semi retired haha
@@WalkAboutWayne yeah, I agree. Living in another country after retirement may be best within your 50s~70s.. After 80s, most people have to live back in the home country.
The medical aspect is the big thing. I was unlucky: my first week of retirement in July, my hot water heater broke ($2000 USD to replace) and I ended up in the hospital emergency room for the first time in my life ($5000 USD for the visit and treatment)! That money was in my emergency account that I thought would last for at least a year... so, I would work longer than 50 unless you have a big emergency fund. You seem to have a great life, with lots of free time. (I would never bring the UK money and pay taxes again!)
I feel the same as you. I am 51 and am tired. I make about 1100 a month with the VA. I could live there on that but don't have the amount of 23 grand for the retirement visa. Hoping I can find another route to stay long term and find remote work there. I would be much happier there with 1100 than here in the US with 3 times that a month. Also tired of the hatred and politics in the US. I just want to chill and relax.
I was just laid off at the age of 45, I have a 9K military pension and access to Tricare and VA healthcare. With a 401k, assets, and savings, I am considering selling or renting my home and relocating abroad. What are some good passive income opportunities?
So many ways to earn money now, the list is endless online. Think about your passions and something your interested in, then try make money from it online.
Everyone wants to retire as early as possible. How are going to do it though? I assume you have some property you're renting in the UK and living off the profits. That's my plan too.
I think enough $ to live like you are now and travel around is ok for retirement. Also no car or night life is a great advantage.But inflation and health is the concern I had a IRA that helped me in my 60s. I paid about $100/month for 15 years. So 2 or 3 incomes is the plan. Yes you may regret it. But ask your mates still in the U.K. Also, i have a friend who also feels that she will die young. A honest feeling. But I can see you into your 60s at least. But remember about Kev, or the wife of Lucas of ride4kicks, and Ed Sween. They got the deadly diseases almost suddenly. You are living the good life now. So keep it up ( Wish I could).
Honesty people try to retire early as possible, i retired at 55 and since then the years have flown by, its crazy how quick, retiring early gives young people a chance of a job, mind you my old work place said the new young folk won't work/lazy (not all but the vast majority are slack). i am disillusioned with the West ATM, its going down hill. So Asia looks good for a 5year stay.
I say work as long as you need/want to make money, and retire when you can - but only if you have a plan, to cover what you will need financially, as well as for how you want to live and what you want to do, in retirement. No plan yet? Then keep working until you do have a plan. And, do not confuse "vacation" (esp. "endless vacation") with "retirement" - two very different things. I would guess that the UK has a tax treaty with Thailand, but you should check on this yourself. If a tax treaty does exist, it is unlikely that you will be subject to any double taxation, since this is one of the key reasons for having a tax treaty in the first place. And, pensions sourced from a government are often exempted, in such treaties. So, in most cases, you should only end up paying taxes in Thailand on income that was not taxed in your home country. The only real hassle, then, would be any requirement to file tax paperwork, each year, in Thailand, irregardless of owing anything or not. For those persons who actually may be subject to Thai taxes, and do not want to pay them, the simple solution is to split retirement among a few different countries, to keep under the residency requirement in any given country. This might make sense if the taxes owed would be significantly higher than the added cost of moving around multiple times each year. Another great topic of discussion, mate! :) Disclaimer: These are just my personal & worthless opinions. Feel free to ignore & move on! I am not an expert on any subject and what I say should never be relied upon to make any decisions of your own. Please do your own research & due diligence!
Great comment buddy! UK does have Tax treaty but all depends what Thailand do mate. Some saying that won't even matter but time will tell. Cheers mate.
Hey Wayne, another South West boy here.... been exploring this for a few months now, I'm 53 and the financial numbers stack up, however the big issue for me is I am colour blind (red/green deficient as are around 10% of white men), unlike the UK this prohibits me from getting a driving licence in Thailand/Philippines therefore this will curb my freedom and something people should be aware of before they make the leap.
@jonevans-r6i I'm totally colour blind. I've done my driving licence renewal test 3 times in Thailand. Only once did they do the colour test and yes I failed every question. They just laughed.......then gave me the licence regardless.
Thanks for sharing this, very interesting info mate. You could still get a license in Thailand I reckon mate. Nice to hear from someone from my neck of the woods. 👍
I started investing 10% of my income monthly at 28 and retired at 56. It automatically came out of my paycheck. I wish I had started at 17 because the compounding of interest significantly multiplies in the later years. I expect the US Gov’t will eventually make it a requirement to live in the US to receive Social Security benefits especially if the Democrat Party is running the government. I paid Medicare taxes through out my career but I can’t use it outside the US. Probably, interest earned from investments may be the only stream of income long-term.
Snuff it early 😂😂😂😂 never heard that one before. LMAO big time 555. I think i am gonna snuff it early too mate, thats why i gotta do this early as well. 49 years, 364 days, that when i will retire. Whatever inflation, wwIII or pandemic. Gotta have some fun before we snuff it early😂. Better be broke when we're old and sick, probably snuffed it already. Now i'll stop waffeling.
I think if your country has some type of a no tax treaty ( or something like that ) they won’t double tax you. Or when you file taxes in Thailand, they will give a rebate or something. 🤷🏾♂️
- the nhs is in absolutely tatters - not fit for purpse - health care would be better abroad anyways mate so don’t worry about that your in the right place
Absolutely retire, you will never earn enough back in the western world to satisfy the cravings for more & more possessions as we both discussed. Only thing is keep busy active
If you drive a car, I'll tax the street If you try to sit, I'll tax your seat If you get too cold I'll tax the heat If you take a walk, I'll tax your feet
I am writing this while I am in the UK , came back for a couple of weeks. I have lived in Chiang Mai for over a year and have been in Thailand , on a retirement visa for 3 years. I left the UK just before my 59 Birthday. So I planed and made sure I was financially in a great place. You can go onto the Goverment website and see what your pension will be , you might be in for a shock. Each to there own , but the idea of living like a cheap charley on a tight budget , staying in crapy accommodation and the like , is not living , time flys and do you really want that life into your 60 & 70 and the rest . What makes Thailand great is being able to stay in the 5* hotels and the like and not having to be bothered if the interest rate goes up or down. Work hard and plan and save sounds boring yes, everybody sells this dream of not working and you can live here on 200THB a day rubbish . Honestly in your 20 this might be appealing , not so good later in life .
Nice one buddy, if that works for you, then happy days. I disagree with the Thailand is about 5 star hotels though. No need to live in crappy rooms in Chiang Mai nowadays either. I wouldn't recommend 200 a day but each to their own I guess. Cheers and hope the retired Thai life is good 👍
It’s difficult when playing with numbers, I agree. I think what’s helped me is I’m here already and have my routine, so I probably know my numbers abit easier. Good luck mate 👍
You better plan on living longer man. I am 66, my dad made it to 61, so..............................................Other than my cold today I feel great, I can still do construction and tear shit up, don't under estimate your self. Just saying.
Now that I'm 41 and facing a job loss, I'm reconsidering my financial strategy. What investments should I make with $425,000 set up for retirement, $10,000 in an HSA, and a property that could earn me an additional $250,000?
Talk about luck made a killing 97 when Thai baht went from 34 to 92 baht to the pound Don't worry about paying tax on pensions it ain't gonna happen 0:01
Just had a newborn at 48, he is born in Australia but in the process of getting Thai citizenship for him as well, due to the woke shit and made to apologise for stuff he never did, my misses could be moving back in a year or so, to bring him up there, I’ll look at fly in and out work in Australia or I’ll just do short term contracts, or until I’ve paid a house off for her in Thailand or I get sick of the travel. Then I’ll try and get a job teaching English in Thailand, or I’ll just retire, I’m hoping I’ll have $400,000 plus in super. With the new tax laws you need to look if your country has a tax agreement with Thailand, I know Australia does, so I won’t get taxed twice.
Hey Jason, great to read your comment mate, I hope it all works out for you, I’m sure it will buddy. It’s never easy right. UK has a Tax treaty but it’s still up in the air if that’s what Thailand will do. All the best mate.
The new tax scheme really needs to be finalized and thoroughly explained. Too much uncertainty right now. Is it going to be after 1st quarter of 2025 until we start hearing the double tax horror stories?
The problem with places like Thailand is the lack of citizenship and constantly having to do visas. If you live past 85 does anyone really want to do 90 day reports....
I think all Westerners living there are a bit of a freelancer. You pay taxes in a place where they can kick you out of if they decide to, and the more I think about it, I don't think it is such a bad thing. Lots of riff-raff know they better behave there (not you Wayne) 🤣
I dont care if its som tam and noodle soup every day im getting out there on a two year education visa at 48 Uk has turned the screw too much budget next month is gonna get those who can booking tickets for good
Wayne, I retired at 62.5 and moved to Thailand 3 days later. Many people told me to wait a few more years to get more money. I worked with several people who tried to wait to retire until 67 to get a full retired pension. Some died before they got there, and a couple died shortly after. For me, having less money but more time to enjoy whatever years I have left made the most sense.
Totally, early 60’s is a great time to retire, waiting for the state pension you will be heavily taxed plus the saddest thing is, some don’t make it
So true Phill, enjoy life while you can. I have no regrets coming here early.
I am 60 in October I have had enough now I am selling up and taking early retirement next June iam not Rich by no means but I have enough. I am heading over to Thailand to enjoy probably my last decade ❤
so sad and pity for those unlucky people.
Retirement is at the end of 2025 at 62. I'm not waiting any longer.. be in Chaing Mai in 3 weeks for my 3ed time and decided my first trip It was home. Thank you, Wayne, for the blogs! Would never have found chang Mai without people like you and your videos!
That's great! I'm glad you chose to retire in Chiang Mai. It sure is a magical city. Hope to see you around the city. Thanks.
Every time you do a vlog it's like I'm listening to my own thoughts😂! I have plans to retire in Thailand and originally I was going to do it at 55 but I might wait a couple of extra years to be more financially stable. Plus, I think of the fact that that's a lot of years to try and keep myself entertained. Still doing my yearly trips and will be back in BKK and Chaing Mai for the month of October!
Cheer buddy! Sounds like you have a great plan. You will
Know when the time is right! And you can keep coming to Thailand for stints. Happy days
This Vlog is great timing, I just turned 50 yesterday🎉 so now I have a few things to think about 🤔 like always, great work keep them coming 👏👏
Thank you! I hope it all works out for you 🙏
It's always a good idea to have an interest or hobby of some sort if you're retireing here. Many expats come here and fall into the trap of heavy drinking as they have nothing else going on. Keeping
active is good for your'e overall wellbeing.
100% mate
Nice one Wayne ! Your fortunate in being relatively young . Us old fellas at 70 and still working full time have a problem , that can only be solved but moving out of the west into SE Asia or other low cost location. The western governments have been taking upto 40% tax inclusive of income and sales tax , but at retirement the cash is not flowing back to have respectable retirement. So for me retirement is a myth unless Thailand can become a viable option. The attraction of bars and night life diminishes the older you get in favour of more healthier options. In addition with age comes vulnerability and security concerns. Which is why retirement homes are popular. So depending on what end of the scale you are health and wealth wise will determine what you do . Make each day count and as the scouts say . Do a good turn to someone every day .
Great comment Adrian, thanks for sharing. I totally understand what your saying. It's not easy right. I'm sure you could make it work in Thailand, especially living a quiet life. I agree, security and health is something to think about when reaching a certain age. I made the right decision coming in my 40s but will I regret that later in life? I guess time will tell.
Thanks Adrian and good luck.
I turned 50 last year and couldn’t imagine being retired at this age. I had a career change five years ago and love the job that I’m now doing. I work 2 days a week and have an excellent quality of life.
I have more than enough invested to retire but I still need a purpose.
Yes, 50 is very early b👍ut I suppose it's never to early to start living. Glad y=to hear your happy though
I'm 55 and considered semi-retired. I work 6 months in my country from January till June to keep myself occupied and live the remaining 6 months in Chiang Mai. Had been doing that since 2022. No regrets.
Great plan, that was what I did when I first came to Thailand.
Fascinating film Wayne. Enjoyed your candid views on retirement, even pressed the subscribe icon. 😀.
Look forward to your next instalment.
Best wishes from me here in Pathum Thani, just north of Bangkok.
Thanks Andy! Welcome to the channel and hope all is well in Path Thani.
@@WalkAboutWayne yes thanks Wayne all okay here. I’m heading back down to Bang Saray at the weekend. Trip to the Bangkok hospital for removal of stitches from a wound on my back. All fine though. Best wishes from me here.
i think everyones situation is different. the healthy you are - the likelier it can be done.
I’m 51 now. Getting my finances set to retire at 55 - if i must retire due to job loss. Targeting 58 first retirement. 62 at the latest.
Nice! Hope it all works out for you. Yes, everyone’s situation is different.
First time I watch you Wayne.. Im starting to be interested in Chiang mai, instead of Pattaya for my retirement. Love the trees and the nature that looks have Chiang mai. Where is that park you walking around? thanks for the video
Thank you! The park is called Huay Kaew park. I left the location in the description of the video.
I don't blame you, living in Thailand now, and not waiting who knows what the future hold, I wish with all my heart I can come and live there now, but to many complications over here I have to wait but I will retire at least a couple of years early
Thanks Leila, hope you can touch down soon and start living the Chiang Mai life 👍
Once I hit 50 I’m done working. Mid 40s now so not long to go. I’m re-stacking the beans after a divorce wiped me pretty good. But making great progress so no doubt I’ll get there soon.
Sounds like a good plan buddy, good luck 👍
I’m 49 here in US. Can’t wait to retire in Thailand. Once my daughter is financially stable and I get things wrapped up here. Hopefully it won’t take longer than 5 more years!
Sounds good! 5 years will soon come.
I 'm 48 here in China, , a FIRE movement member:-) In planning to long stay in Chiang Mai, so quiet and peaceful town close to the nature, except not good infrastructure and unfriendly to pedestrian.
was lucky- my trades union had the golden 80 plan. Years of service+ age=80=full pension. So out at 55, moved to Thailand, started my gov. SS payments at 62. Twenty years on, loving it. Prolly made my last visit to the US last year.
Happy days! sounds like you have a great life 👍
Great topic and personally I am not sure I'd want to move to Thailand full time. A few reasons but mainly that draining heat and the older I get the more I struggle with it. All these years paying into a Private Health Fund I wonder whether that extends to residing in a foreign country. I've never researched it but, for me, that would be essential. Great topic mate as always. Cheers Wayne 🤩
The cold is generally harder on old people than the heat. That's why people retire to Florida, Arizona, or tropical islands.
Cheers mate, I must admit I do miss cold sometimes. I know I would hate it after a few days but I really do want some cold 🤣
Yeah, the thought fighting unbearable hot weather and humidity for long periods is very disconcerting. I’ve never really experienced hard-core humidity in the states except for a little bit in Hawaii.
Love these latest vids Wayne, I will be in Chiang Mai in late November and will begin my retirement travels. It is very exciting and I cannot wait. Thank you for your honest assessments of your life it's a breathe of fresh air.
Thank you for the great comment mate. I hope it all goes well for you. Coming out to Thailand was the best decision I ever made .
@@WalkAboutWayne All good mate you deserve it. I'll send you a message when I get there maybe we can have a beer.
If anyone can , why not , especially if you are single & a good money manager , look after your health regularly, retiring at 50 is possible , sure you will need to keep busy & have some hobbies I’m 57 and I don’t plan on working g again - but everyone is different - good discussion WW - all the best ✌️😎✔️👋🙏
Happy days Ant mate.
This is a very honest vlog with the question many of us have. I've made the choice to move to Thailand and for now as a snow bird. Winters and Spring there and back to the US for the summers and fall. For now that works for me but beside weather and food and the lower cost of lower cost of Living I like the idea of having that side of the planet closer to me for travel and experiences. I mean it is a lot easier to try New Zealand and Australia from Thailand then it is from the US just in flight time alone. I also love the Asian cultures from China to Vietnam to Japan and the various surrounding nations. So having a base to travel from where it is beautiful and safe and for the most part very stable Thailand makes perfect sense. There are other places but in Asia and her in the western nations but they are not as safe or attractive as the Asian cultures.
That's right John, Thailand is great base to visit other countries in the area. I still really want to do Japan, so hopefully one day. Cheers mate.
Better to enjoy life from age 50-70 than to be unhappy working and hope you can enjoy life after 65 or 70
Very true 👍
Thumbs up 👍 Wayne
Nice one Mango 👍
Thanks for the video, last year, I lived in the Jomtien area close to Pattaya for 6 months and my monthly budget was $3K and that's with companionship with a regular Thai lady for 3x a week and not buying any lady drinks and barfines. I been eating Thai foods in the market not western food. I don't even smoke cigarettes/weeds & chew tobacco. I was planning to retire but changed my mind in the last minute. In my early 50's now and back to work in sunny Cali to get more extra savings then retire for good. I'll try to come back to LOS late next year maybe of the possibility of retiring since America is getting worse right now.
Thanks for sharing! Sounds like you had a nice life in Jomtien. $3k would be a great life in Chiang Mai.
Great video Wayne you brought up a lot of great points my husband and I are in our late 50 we’re not planning on waiting or working until we’re in our 70 i work now with a couple who’s in their 70 something and I feel for them and their folks who wait and wait for that little extra money and by the last week or a month before they ready to retire they end up with heart attacks or some other unfortunate mishap and far as friends or acquaintances we’re pretty much have a hand full or less friends we like it that way as for me I’m pretty much rather being a loner had many friends or acquaintances throughout my life I’m at the point now I don’t care for the drama lol it nice and peaceful for me this way
Thanks! That's right, we never know how long we've got! It's best to start living as soon as we can make it viable. Great comment. Thank you.
Hi Wayne, every word you said is true for so many people. Will I, won't I, it's not an easy decision. For me, I'd like to give it six months in Thailand and see how it goes. It's about keeping your mind busy, a routine that works. Try another country the following year, it just might hit that balance...
That’s right mate, it’s all about filling that time . Sone people can’t do it . Hope all is well Denis.
Evening Wayne, thanks for a great video mate 👍
I like to hear about the financial side of living in Thailand.
You mentioned you receive a small trickle of money from the UK, could you explain what it is please?
Is it rental income from property or dividends from stock market investments?
Reason for asking is that I’ve got some rental properties that I still have mortgages on and only make £300 profit per property if nothing goes wrong - basically I don’t think I’d have enough income to quit the rat race, especially if a boiler breaks or a tenant damages a property and I’m liable for repairs.
Thank you mate! I've done vlogs before on it buddy It's nothing exciting, just a few projects I've got my fingers in.I'm not really going to go into all on here but I might do an update vlog on it in the future. Maybe do some other things on top of that mate, some online income. I have a few different streams and it all adds up. Thanks man and good luck.
House just sold should hit Hua Hin around November retiring a little early (51) but sick of the shit in the uk looking forward to chilling out. I’ll buy you a nice steak next time your down that way
Nice one Kevin, that's the way mate. I can't see me going back for any length of time. I should be in Hua Hin around that time.
When your 67 wayne you might not get anything...
Nice one Kev I've lived here for years I'm 55 it's not a bad little town 😁🙏🏽
Just practice gratitude. That would help with longevity. Negativity doesn't help and may affect health. It is difficult for sure. I hope to see your vlogs when you are in 90s.
Well said . Not sure I’ll be vlogging at 90, but you never know .
I was about to retire in 2020 at 61, then covid happened so i did another 3 years, I was concerned if I had enough money, but tbh Asia can be so cheap if you live simple. Time is more valuable than money, retire as soon as you can, you can often earn some extra if needed.
funny many people I know retired during COVID because they went home and decided they didn't want to get back. 😂
That’s the way mate, do it as soon as you can. 👍
you say that but you yourself did 3 more years, do you regret doing it?
Semi retiring ( work one day a week to keep boredom at bay) in Chiang Mai next week at 56 years old. Been planning for about a year and crunched the numbers so time to live life at my pace.
Happy days! Sounds like a good plan buddy!
surely the Uk has a Double taxation sgrrement with Thailand so you dont get taxed twice. Personally after spending over a year in Thailand and now spending the next full year in Vietnam, taxation situation seems a lot more calm here. Are you getting on that DTV visa wayne? thats how their gonna get ppl liable for their global income in Thailand; once they renew their DTV and spend 180+ days in the country theyll be asked to declare their income, which will become a credit for your tax return at home if your country has a DTA
Not sure what I’ll be getting in the future mate. I’ll have to weight up a few things 👍
Retired from Canada to CM about a year ago at 57. Feel very fortunate that it has all worked out well so far. Not sure if I'm staying in Thailand for the duration but we will see what happens.
Nice one buddy, glad it all worked out for you .
I’ve seen all your vids and thoroughly enjoyed every one, even the sly humor
Anyway let me give you Einstein magic formula. If you earn enough to sustain the lifestyle you choose while topping up a bit to combat inflation… well then you have discovered E=mc squared. This applies to anyone. The constant is the topping up for inflation and the variable is you lifestyle
Keep doing what you’re doing Wayne and I’m not talking about your excellent vids, I’m talking about your choices that make you happy 🙏
Very interesting 🤔. Thank you buddy 👍
Good on ya mate.
Cheers John 👍
I think I saw you yesterday driving your motorcycle while I was also driving home 😄. But I plan to retire in Thailand. Same method as you. Not lavishly but just living smart. Chiang mai has felt like home when I first touched down 2 years ago
Nice one mate!
In an ideal world, I would get a fully remote job and base myself out of South East Asia, most likely Thailand or Malaysia. I'm 48 right now, but the plan is to really start looking at 50. If I can't get a job working remotely, then I will try and retire around that time and do a bit of travelling.
I intend to fully retire at 57 and travel, everywhere, rather than base myself in any on specific location, but, as you say, a lot of it depends on income.
Nice, sounds like a good plan 👍
46 I retired here 🇹🇭 easy, loving it
Happy Days 👍
You're in Chiang Mai, you'll live to 103! The UK would have done an early one like Australia. Work, life stress is insane here. UK looks bad too sad😢 52 and on my way over from Australia.
Take care and cya when I'm up north there. Pai hot springs look good for the old bones 😃 after Pattaya etc.
I hope I’m still not around at 103 🤣. Sounds like you got a good plan buddy. Happy days 👍
Where is this park Wayne? Will be in Chiang Mai in two weeks. Cheers mate.
Huay Kaew Arboretum park. Location added to the description. It's up near the mountain.
My dad had me when he was 50 and retired in his 60s. Never heard him complain. My mom was/is 10 years younger than he was so yes I'm biologically theirs. I have two older sisters before me.
Nice 👍
Great vid. Thanks.
Cheers 🙏
100% retire early if possible. At 58, two more years work, and we are there.
Happy Days Paul 👍
Each to their own Wayne! My Mums well into her 50's now and she's just gone back to university. I don't see myself stopping at 50. If you ask me the biggest appeal of Thailand is that your money goes further, and your time becomes yours again. I hope when I am 50 new doors will be opening for me, in Thailand or elsewhere. Dude you probably don't want to hear it but the whole "I probably won't live long" thing is just you dodging the problem you sooner or later have to face, however you choose to face it.
No mate, I've always had that vision of not living long from way back. Even if it was dodging, I would have know problems with that either. I'll take care of tomorrow when I get there, if I do. Cheers buddy.
Self - Fulfilling Prophecy.
@@WalkAboutWayne Honestly dude, things can change in the blink of an eye so figuring things out as they come don’t seem all too crazy anymore…
Remember when we were at school, Wayne. Anyone who had reached 40 years would be knocking on the knackery door. Well, didn't it come around quick, aye! Best advice I have is to travel and explore while you can. There are no guarantees in retirement years. Make a structured plan and don't settle for a bar retirement. Some of the loneliest people on this planet seek comfort in there and are rarely satisfied.
🤣 That’s true mate, someone who was 40 was an old uncool person. Time flies.
That's a really nice park! Is it at CMU?
Just bit further up, I've added the location to the description. Huay Kaew Arboretum park
It's a huge decision you don't want to get wrong, you might not be able to change it in the future. Depends on how much you like your work and how happy you are to work or split your life between Thailand and wherever you are from.
I’m already retired when I think of it 🤣
I definitely wouldn't work getting a UK pension in 20 years into your financial future. Since 2016 it's been classed a benefit so it'll only be a matter of time before it's means tested. So it will exist, but you'll need to be living in the UK. Australia have already implemented such a system.
I’m sure there will be a lot different rules again by the time I get there 👍
@stevey-xw4gz mate of mine just gone back to Australia to do his 2 yrs residency to qualify for his pension.
@WalkAboutWayne you still pay voluntary National Insurance contributions in the UK? Will be around £450 a year rise next year keeping the triple lock.
Inflation is the big one. My retirement nut is already outpaced by inflation in West. Cheaper countries should have even higher inflation, but there’s always the next cheaper country. Better than working again.
True, things never seem to change to much in Thailand though, and the baht will weaken again.
@@WalkAboutWayne That's great. I've mainly been in Mexico and India lately, and prices are MUCH higher than a few years back.
I just turned 50 a couple months ago and also have the steady income but now I have hit that target age I thought about for so long... I am leaning more n more towards just doing a few months maybe once or twice a yr... I have a home with no mortgage, no wife or kids and enjoy singledom but don't wanna spend all yr in UK or live out there full time either... the two big ones for me are no land ownership and not easy to get citizenship... even permanent residency isn't so easy now... I've been sick since I arrived here in VN on my way to TH and never more have I wanted to be back at home..... cost of living out there is not gonna go down... work permits are becoming harder to get... retirement sounds fun but ya do get bored after a while... re taxes , if you British there is a no double tax treaty with UK - TH anyway... personally I'm going with the couple trips a yr out there instead of full time living there.... one makes ya appreciate the other even more!!
Great to read your comment. I hope it all works out for you . Retiring in Thailand isn’t for everyone. I still say the best ways is to come for 6 months and 6 months home. Not sure on the Tax treaty, nobody knows if that will be a thing or not. hopefully that all works out but we shall see. Thanks and good luck
My original plan was to pay off mortgage, rent the flat out, save £20K for emergency and retire in Thailand after 6 years at 50. Not sure anymore i might extend it further coz i domt want to restrict myself from travel to retire early.
That's a good plan, similar to mine. You will know when the time is right. Good luck.
Good discussion
Thank you for this
At 52 I retired and left the US for Southeast Asia
But I still work long days filming and editing
So I guess I semi retired haha
Nice! Yes, filming and editing can take a lot of time.
retired early and live between UK and Thailand
Sounds great John, I still think that’s probably the best way to do it 👍
@@WalkAboutWayne yeah, I agree. Living in another country after retirement may be best within your 50s~70s.. After 80s, most people have to live back in the home country.
The medical aspect is the big thing. I was unlucky: my first week of retirement in July, my hot water heater broke ($2000 USD to replace) and I ended up in the hospital emergency room for the first time in my life ($5000 USD for the visit and treatment)! That money was in my emergency account that I thought would last for at least a year... so, I would work longer than 50 unless you have a big emergency fund. You seem to have a great life, with lots of free time. (I would never bring the UK money and pay taxes again!)
Yes, that is something to think about. It's always good to have emergency money. Thanks Becky.
Wayne, do you work ?
How do you define retirement??
No mate, I don’t. I guess I’m retired already but I never feel retired and I’ll probably have to get grafting again at some point .
I feel the same as you. I am 51 and am tired. I make about 1100 a month with the VA. I could live there on that but don't have the amount of 23 grand for the retirement visa. Hoping I can find another route to stay long term and find remote work there. I would be much happier there with 1100 than here in the US with 3 times that a month. Also tired of the hatred and politics in the US. I just want to chill and relax.
A visa agency will fix the money issue, that's what most do.
100%! 1100 would be fine here, I don't spend much more than that. Sounds like the DTV visa could be perfect for you.
I was just laid off at the age of 45, I have a 9K military pension and access to Tricare and VA healthcare. With a 401k, assets, and savings, I am considering selling or renting my home and relocating abroad. What are some good passive income opportunities?
So many ways to earn money now, the list is endless online. Think about your passions and something your interested in, then try make money from it online.
Everyone wants to retire as early as possible. How are going to do it though? I assume you have some property you're renting in the UK and living off the profits. That's my plan too.
I have my fingers in a few pies mate
What park was that you were in ?
Huay Kaew Arboretum park. I've added the location to the description.
What about 40 year of age simi Jan to April?
Sure, why not. If that’s what you want to do 👍
I think enough $ to live like you are now and travel around is ok for retirement. Also no car or night life is a great advantage.But inflation and health is the concern I had a IRA that helped me in my 60s. I paid about $100/month for 15 years. So 2 or 3 incomes is the plan. Yes you may regret it. But ask your mates still in the U.K. Also, i have a friend who also feels that she will die young. A honest feeling. But I can see you into your 60s at least. But remember about Kev, or the wife of Lucas of ride4kicks, and Ed Sween. They got the deadly diseases almost suddenly. You are living the good life now. So keep it up ( Wish I could).
That's right mate, we don't know how long we god, so start living as soon as possible.
Honesty people try to retire early as possible, i retired at 55 and since then the years have flown by, its crazy how quick, retiring early gives young people a chance of a job, mind you my old work place said the new young folk won't work/lazy (not all but the vast majority are slack). i am disillusioned with the West ATM, its going down hill. So Asia looks good for a 5year stay.
Nice! Yes it’s a different generation I guess. I hope you can come over to Thailand soon .
I say work as long as you need/want to make money, and retire when you can - but only if you have a plan, to cover what you will need financially, as well as for how you want to live and what you want to do, in retirement. No plan yet? Then keep working until you do have a plan. And, do not confuse "vacation" (esp. "endless vacation") with "retirement" - two very different things.
I would guess that the UK has a tax treaty with Thailand, but you should check on this yourself. If a tax treaty does exist, it is unlikely that you will be subject to any double taxation, since this is one of the key reasons for having a tax treaty in the first place. And, pensions sourced from a government are often exempted, in such treaties. So, in most cases, you should only end up paying taxes in Thailand on income that was not taxed in your home country. The only real hassle, then, would be any requirement to file tax paperwork, each year, in Thailand, irregardless of owing anything or not.
For those persons who actually may be subject to Thai taxes, and do not want to pay them, the simple solution is to split retirement among a few different countries, to keep under the residency requirement in any given country. This might make sense if the taxes owed would be significantly higher than the added cost of moving around multiple times each year.
Another great topic of discussion, mate! :)
Disclaimer: These are just my personal & worthless opinions. Feel free to ignore & move on! I am not an expert on any subject and what I say should never be relied upon to make any decisions of your own. Please do your own research & due diligence!
Great comment buddy! UK does have Tax treaty but all depends what Thailand do mate. Some saying that won't even matter but time will tell. Cheers mate.
Thailand will decide if your retired or not 😊
👍👍👍
The one thing you can't buy is time, if you are happy with your savings, investments, pensions, I would go for it, no pockets in shroud.
True mate 👍
Hey Wayne, another South West boy here.... been exploring this for a few months now, I'm 53 and the financial numbers stack up, however the big issue for me is I am colour blind (red/green deficient as are around 10% of white men), unlike the UK this prohibits me from getting a driving licence in Thailand/Philippines therefore this will curb my freedom and something people should be aware of before they make the leap.
@jonevans-r6i I'm totally colour blind. I've done my driving licence renewal test 3 times in Thailand. Only once did they do the colour test and yes I failed every question. They just laughed.......then gave me the licence regardless.
Thanks for sharing this, very interesting info mate. You could still get a license in Thailand I reckon mate. Nice to hear from someone from my neck of the woods. 👍
Off topic Wayne. But that park looks nice. Don’t think I’ve been there, what the name of it please?
Huay Kaew Arboretum park. Up past the Uni towards the mountain. Link in the description.
@@WalkAboutWayne Cheers Wayne. Ah, thats were it is!... i've never gone in there. Will have a wander around there next week. cheers mate.
Ai is on the verge of solving aging my friend,if you hang in there 5 years, you will reach “Longevity escape velocity “
🙏🏻
👍👍👍
If you have the means to retire early, you do it. Enjoy life while you're still young and healthy, you snap your fingers and you're 10 years older.
That’s right buddy 👍
I started investing 10% of my income monthly at 28 and retired at 56. It automatically came out of my paycheck. I wish I had started at 17 because the compounding of interest significantly multiplies in the later years. I expect the US Gov’t will eventually make it a requirement to live in the US to receive Social Security benefits especially if the Democrat Party is running the government. I paid Medicare taxes through out my career but I can’t use it outside the US. Probably, interest earned from investments may be the only stream of income long-term.
I think the UK could go down that route aswell.
Snuff it early 😂😂😂😂 never heard that one before. LMAO big time 555. I think i am gonna snuff it early too mate, thats why i gotta do this early as well. 49 years, 364 days, that when i will retire. Whatever inflation, wwIII or pandemic. Gotta have some fun before we snuff it early😂. Better be broke when we're old and sick, probably snuffed it already. Now i'll stop waffeling.
🤣🤣 That's right buddy, live that life now.
I think if your country has some type of a no tax treaty ( or something like that ) they won’t double tax you. Or when you file taxes in Thailand, they will give a rebate or something. 🤷🏾♂️
Hopefully but nobody really knows .
They can do what they want...If you only stay 179 days each calender year....No problems...!
Sure, that's not really retiring in Thailand though. But keep moving around is an option, for sure 👍
- the nhs is in absolutely tatters - not fit for purpse - health care would be better abroad anyways mate so don’t worry about that your in the right place
I can’t complain mate, life is good . Cheers buddy 👍
The earlier the better! Enjoy Thailand while your body is still young enough to get the most out of your retirement.
Yes, that’s the way I’m looking at it 👍
Absolutely retire, you will never earn enough back in the western world to satisfy the cravings for more & more possessions as we both discussed.
Only thing is keep busy active
Very true mate 👍
56, 6 years behind scheduel, living in pai,dont drink, cheap as chips. 500
Nice Patrick, good to hear. I’m hoping to be back in Pai soon. Cheers 🥂
If you drive a car, I'll tax the street
If you try to sit, I'll tax your seat
If you get too cold I'll tax the heat
If you take a walk, I'll tax your feet
🤣 Yes, that’s about right .
I am writing this while I am in the UK , came back for a couple of weeks. I have lived in Chiang Mai for over a year and have been in Thailand , on a retirement visa for 3 years. I left the UK just before my 59 Birthday. So I planed and made sure I was financially in a great place. You can go onto the Goverment website and see what your pension will be , you might be in for a shock. Each to there own , but the idea of living like a cheap charley on a tight budget , staying in crapy accommodation and the like , is not living , time flys and do you really want that life into your 60 & 70 and the rest . What makes Thailand great is being able to stay in the 5* hotels and the like and not having to be bothered if the interest rate goes up or down.
Work hard and plan and save sounds boring yes, everybody sells this dream of not working and you can live here on 200THB a day rubbish . Honestly in your 20 this might be appealing , not so good later in life .
Nice one buddy, if that works for you, then happy days. I disagree with the Thailand is about 5 star hotels though. No need to live in crappy rooms in Chiang Mai nowadays either. I wouldn't recommend 200 a day but each to their own I guess.
Cheers and hope the retired Thai life is good 👍
100k baht or less a month, great life
just turned 49 and looking to retire there in the future. Every time i crunch the numbers the budget just goes up an up.
It’s difficult when playing with numbers, I agree. I think what’s helped me is I’m here already and have my routine, so I probably know my numbers abit easier. Good luck mate 👍
You better plan on living longer man. I am 66, my dad made it to 61, so..............................................Other than my cold today I feel great, I can still do construction and tear shit up, don't under estimate your self. Just saying.
Nice one! Thanks buddy
Never paid a penny in tax for owa 10 year now in esp or uk living chill in Thai now there is other ways don’t listen to the government 🙏🏻
🤣🤣 Nice one. Doing a Del Boy !
Personally i wouldnt retire in Thailand unless i had a good sum of money to cover medical costs into my old age, at least 100k is my guess
Nice one Jeff, good point mate. Always worth thinking about Health.
Now that I'm 41 and facing a job loss, I'm reconsidering my financial strategy. What investments should I make with $425,000 set up for retirement, $10,000 in an HSA, and a property that could earn me an additional $250,000?
I couldn't answer that for you. I'm sure some will leave some advice in the comments. I hope it all plans out well for you Janice.
Talk about luck made a killing 97 when Thai baht went from 34 to 92 baht to the pound
Don't worry about paying tax on pensions it ain't gonna happen 0:01
With price half the cost, lucky git.
Nice one mate 👍
Just had a newborn at 48, he is born in Australia but in the process of getting Thai citizenship for him as well, due to the woke shit and made to apologise for stuff he never did, my misses could be moving back in a year or so, to bring him up there, I’ll look at fly in and out work in Australia or I’ll just do short term contracts, or until I’ve paid a house off for her in Thailand or I get sick of the travel. Then I’ll try and get a job teaching English in Thailand, or I’ll just retire, I’m hoping I’ll have $400,000 plus in super. With the new tax laws you need to look if your country has a tax agreement with Thailand, I know Australia does, so I won’t get taxed twice.
Hey Jason, great to read your comment mate, I hope it all works out for you, I’m sure it will buddy. It’s never easy right. UK has a Tax treaty but it’s still up in the air if that’s what Thailand will do. All the best mate.
@@WalkAboutWayne cheers mate, I wait with baited breath to see what happens, but I know I don’t want to work till I’m 67.
You like a bit of travel don't you? IF they bring in the tax on overseas earnings then its 179 days here, and the rest in Vietnam.
That could always be an option mate. Will see how this Tax stuff unfolds.
Retire as early as you can //
I cant argue with that 👍
I didn't think you worked in Thailand anyway 😊
You think right, I work in the UK
The new tax scheme really needs to be finalized and thoroughly explained. Too much uncertainty right now. Is it going to be after 1st quarter of 2025 until we start hearing the double tax horror stories?
Yes, I agree. ☝️
The problem with places like Thailand is the lack of citizenship and constantly having to do visas. If you live past 85 does anyone really want to do 90 day reports....
That’s a good point 👍
Wayne how much does it cost for a lady overnight?😊😊😊
Free if you play your cards right 👍
career in UK ? dunno about doing fkk all in chaing mai
Bring a hobby with you maybe 👍
Short of an accident, most of the time your life expectancy is roughly around your parents and grand parents, years?
Happy Days! I would be happy with that 👍
I think all Westerners living there are a bit of a freelancer. You pay taxes in a place where they can kick you out of if they decide to, and the more I think about it, I don't think it is such a bad thing. Lots of riff-raff know they better behave there (not you Wayne) 🤣
True, but what I would say is, those riff riff keep a lot of the locals earning. I know what you mean though Dan mate.
I dont care if its som tam and noodle soup every day im getting out there on a two year education visa at 48
Uk has turned the screw too much budget next month is gonna get those who can booking tickets for good
🤣🤣 That’s the spirit mate, it’s still healthier than most UK food.
It doesn't sound like you will have to pay tax if you have already paid tax on the money on your own country.
Hopefully mate 🙏
Don’t talk about Tax … all are confused , even Gov.
if you already paid tax on it, you won't pay twice. At least they made that clear.
They’ll talk on Monday, enact on Wednesday, then backpedal on Friday.
Yep, still clear as mud
I thought you were already retired?
I guess I am really mate. I never feel like I am though.
80-100k baht a month = great life in Thailand
That would be a really nice life 👍.
No one wants to work any longer than they have to, but no one wants to be poor in old age either🤔
Double edged sword mate 🤣