LIVE - Retirement options. Why Thailand? With guest Tim Shaw
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- čas přidán 13. 06. 2024
- Apart from your home country, you have options to retire in all sorts of countries these days. All have positives and negatives, including Thailand. Has Thailand lost its gloss as a retirement option for westerners? Are the tax controversies, 90 day reporting and perceived visa complications putting people off? Or, even worse, causing them to leave Thailand for somewhere else? Join in and tell us your thoughts.
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Vietnam no retirement visa.
I think that Costa Rica is listed as number one because the list is for an American readership. I lived in Costa Rica for 13 years. It was great at that time. Prices were low. Real Estate was a bargain. Retirement Visas were easy to get. So many expats have moved there that property prices are very high. Food prices are comparable to the US. The traffic in San Jose is so bad that the last number of your license plate must match the last number of the date to drive your car into the city. But it is less than a 3 hour flight from Miami. English is spoken even in rural areas.
Thailand is on many other best places to retire lists. It's been on International Living's lists before. The biggest weakness of Thailand is retirement status has no path to permanent residence. Compare to Mexico where with the right finances you can get lifetime residence before you even arrive! Rules change in Thailand and people are always in fear of being pushed out.
In Mexico, you can also get stabbed in the neck for free in your very 1st week as well. They don't include that in the travel promos.
Also now getting to hot!!
@@ScooterOnHisWay2024 That's not fair, Expats generally don't move to the more dangerous places. There are places in Mexico that are considerably safer than a typical U.S. city. That's relevant because most of the expats in Mexico are from the U.S. and Canada.
@@JustToSay442 Not fair. Aside from the beaches the most popular expat destinations in Mexico are in the inland colonial cities which enjoy year long moderate temperatures -- not too hot or cold. There is a serious problem now in Mexico city with draught (water supply).
Thailand is just too hot foe me. I retired to Wyoming 2 years ago and have loved it!
Greeting from another Wyoming transplant. I've enjoyed it here.
Hey Tim sorry to see you had the sneezes but hey take your mike of or mute it , it was so loud.
What a fantastic show. Well done lads. Just love the smooooooth voice of Tim Shaw.
Great idea, Tim Shaw. A show about cost of golf in Thailand would be much appreciated. A focus on rates which appeal to the budget conscious golfer would be very helpful.
OMG so sorry I missed this , Tim Shaw!!!
Learning to play a musical instrument an alto Sax has been my retirement project (hubby too but he went for a Tenor) and now I also play Baritone Sax. We’ve made new friends and daily practice and weekly lessons and Band practice is fun and gives you structure. My concern is bringing our instruments to Thailand and opportunities to play with others.
Can I ask about the reference for bottle caps? How can I help and collect and turn them in where? Thanks in advance. Love the videos.
Great show guys, lots of laughs 😁
Would love to hear an update on the cost of wine in Thailand Tim. Supposedly prohibitive taxes were removed some time ago to encourage tourism but I have never heard how successful it has been in increasing consumption. Would love to get more Aussie wine cheaper !
Tim, well done regarding being in a position to choose self funded retirement rather than jumping through hoops to get the Ozzy age pension. I've lived outside of Australia since 1996 so its self funding for me too unless I choose to live back in Australia. I do have some friends that moved here after retirement age and get the age pension less supplements without a problem.
Tim and Tim: Where did you finally decide to settle in Phuket and why?
This was a great watch. The banter between the two of you feels like you’ve been doing it for ages.
You want to check out green fees in northern thailand.
Extremely enjoyable. Thank you
I moved /retired to Bangkok last year after 35 years in Fort Laiderdale, Florida,11 years NYC and 29 years London/home. All supurb places, Bkk half the price of course, amazing birds, plus it's hard to find an angry person here, don't miss them types thank you.... Self effacing humour, and useable advice, this is the gaff / podcast for me, keep it up Tim, (the bald one) whoever the hell you are.
Tim love the show, but your dislike for Pattaya sometimes is a little unsettling, i do get it, there is a lot of seedy people and places, but there are some great places around the area. I never go to Pattaya itself, but I love Na Jomtiem and all that area down further.
I did say ‘I am joking’. Please have a sense of humour.
There are many that bash Phuket about the prices of taxis and other points of the wonderful island some call home, it’s nice to hear other places being exposed as well…
Yes Tim I did hear you and yes I do have a sense of humour, but at times your comments are a bit one sided to Phuket … I love Phuket but I would rather holiday in Jomtien mainly because it is a lot cheaper.. and frankly it’s beach’s are crap .. hey I live in the Whitsundays which has some of the best beaches in the world.. and no rocks to navigate around…! But I just love Thailand and will always come back
Ocean Marina, Bang Sareh, Sattahip, loads of places not seedy, great malls, and lots to do.
Why to live around Pattaya and never go to Pattaya?
Great show today! Tim n Tim both crackin me up! That dry quick wit gets me everytime, often having to listen closely to catch. What I love most about tv or radio host is that they’re all tuned into the ‘moment’. That flow of energy exchange is fabulous. Always a chuckle to be had certain moments. Retirement seems so difficult to navigate because last minute oh now I have to LEARN all these things and MY memory banks are FULL! Gah! I’m with you Tim, perhaps a few words but seemingly inept! I’ve always had issues because I have LYSDEXIA!!! And every language has reversals of words that make my brain go schizoid and short out! My IQ was tested as a child-143, just below genious😝😝😝🙏🏻❤️
To retire in Thailand.. One of my objectives was no TNT.. tourists, noise and traffic.. And I achieved that..
Nice to see double Tim in the show 😄
Only the Australian aged pension supplement (AAP), about $80 is deducted after 6 week of absence from Aus. Provided you are subject to the assets and income test. You will get a pension with full portability after living in Australia for 2 years before or after you apply for the AAP. Presently you can have an asset of near $600,000 and reduce by 50 cents in the dollar to about $900,000 assets where your AAP will stop. For most people who do not have an AAP and are over 67 Y/O their assets are over the assets threshold level (no exceptions).
Thank you David
Police state Australia… very unfair with his own people. Can’t understand how you can accept all of this..
Talk about wrong info. Yep from what I’ve looked over you only lose the supplement $100 a fortnight
A little misinformation in this video regarding the Aussie pension. It is portable overseas if you have been resident in Australia for two years prior, though you do lose some of the supplements. Obviously means testing comes into play. All the information is on the government website.
Yes. It’s not the first time I’ve ventured into this can of worms. It’s not easy to port the pension and certainly impossible unless you’re willing to live in the country for 2 years prior to your application. For me that’s impossible from a business and relationship POV
I spend time in Thailand because of my Thai wife,if not for her i wouldnt tollerate the place.
As an Englishman I'd never heard of Tim Shaw , but what a pleasant surprise. How on earth does he look so bloody good , maybe a future topic?? Is Tim 2 a leading contender to replace Steve Rosse on a temporary basis on Grumpy old men?
Not grumpy enough possibly 😊
How cool to see Tim Shaw, such a smooth operator. Saw him pop up not that long ago at the national press club in Canberra and now here he is back in the big time on TNT 😅
Great show Tims 1 and 2 - really enjoyed that as an Aussie and I can still hear that famous voice saying 'wait ....' . Great advice about how and when to retire here - so many think it will be like being on holiday all the time - it aint like that at all.
Thailand is no longer on the list of best countries to retire IMO, because of the negative Visa changes since the Junta took over and other things like the recent taxation issue. Plus the fact that 'competing' countries have made their country far more attractive (at a reasonable price).
Regarding the Aust Pension - you can take it with you overseas once you have it (portability), but you cannot apply from overseas like other countries can. If you go back to apply, then you have to wait 2 years before leaving again, in order to get portability approved. Also Tim2 was correct - back in 2001 the Howard Govt Dept of FACS did a Cost Benefit Study on the portability of the Pension. Much to their surprise the net benefit to Australia was way ahead for those who went to live overseas (mainly due to the medical costs), and that included the percentage who returned when they are 80+ as some do (but most dont). They did the study to provide ammunition to reduce or cancel the overseas Pensions, but the result was they would actually lose out in the Budget and that is why it was not changed - most people do not know that - I lived in Canberra at the time (and retiring there was not an option).
Those viewers who are having difficulty accepting foreigners living in Thailand are not guests, may see things differently if they consider foreigners living in their own country! As an Australian, I don't consider foreigners who are not tourists, living in Australia, as guests.
I have lived in Thailand for 3 years and I still receive my aged pension. The reason being is I organised the details for the pension before I left Australia. All is good in Samut Prakan
Thanks Tim 1 ❤ and Tim 2 , great to see Tim Shaw again brings back a lot of memories 💯and Looking well also, great show guys.
WOW - Blast from the past - Tim looks great! Ginsu Steak Knives...classic! TIM1 & TIM2 or Tim & Tam
I started helping clean yanui beach every morning in April, great simple way to give a little back
I could be wrong but credit card insurance covers will be limited to 90 days? It was great for me and included enough for c19 Thai requirements. But I expect they will slitherer away if they learn your abroad permanently
Great live sending, a mix of opinion, info and insight woven around good humour 👍 Have a great day both
BEST TNT SHOW EVER! Tim Shaw is an absolute gem. He should be a regular.
the ease of chatting to people and making friends out there in SE Asia is so much easier than I find even in my own country now... living there full time? we shall see... but for a good few months a year is 100% on the cards.. at least for a yr to properly experience Thailand... having a constant source of income is definitely a wise move before moving to another country... I am headed over there later this yr but am keeping my home back home to come back to if its not for me... stability does most certainly become a concern as we get older...Thailand does offer more stability than some other countries in that region!
Old Age Pension and living overseas is possible. A lot depends on how long you have worked and lived in Australia...a simple Google search will give you more information.
Nice the Tim ‘N Tim show TNT on TNT 🧨
For white people who have good experiences. Not selfish. Not racist. Respect the law. Respect the culture. Love Thai people, not oppress. Most Thai people welcome everyone. And ready to be friendly. And we Thai people respect the elderly. And love the elderly who are wise and mature. Not selfish. I love you all. Especially the elderly. I would like the Thai government to understand and enact fair laws and screen European and American senior citizens to be given convenience in renting or buying houses and condos fairly and without taking advantage based on humanitarian principles and basic public welfare such as senior citizens who should receive it if they pay taxes and have health insurance and a visa that is not complicated. Some should be drafted by a group and presented to the Thai government to help fix it. It will be beneficial to all of you and both parties will benefit.
Really enjoying this video/broadcast. In particular, the relaxed, unrushed style that is several continents away from what I would see on a similar show if it were on mainstream media type of show due to their production and/or advertising pressures.
You both have a really good rapport and it’s nice to see a conversation without people talking over one another (which seems a trait of late).
Thanks for this and the daily news content 👌🏻👍🏻
great show and insights... thanks guys
Great show guys, thank you!
Tim Shaw is a true professional and a great addition to the show.
jonEE an Aussie
i returned to AUS
stay 2 years ..thereafter it becomes portable. less the subsidies. i am 75 year now.
If you have worked in Australia for at least 35 years you shouldn't have to stay 2 years upon reaching 67.
A friend who had lived in Thailand for 3 years before reaching 67, returned to Oz for 1 month where he applied for the age pension.
He was at first told he had to stay for 2 years. Until he dug deeper and found the 35 years working loophole. He then returned to Thailand with the unrestricted age pension.
He said it seemed some social security officers weren't completely aware of all the requirements.
They probably deal with so many people wanting to take it overseas without having lived there that long, they generally have to tell them to stay 2 years to qualify.
Our Rotary club was stopped by immigration for two days, they were bringing emergency tent and food 24 hours after the Tsunami, no work permit!!!😮
I love Thailand as I have said many times, but after my last visit to set up a condo, I found that the homework I did before i came over was not it was really like ..... I have no interest in retiring there now. but that may change but I still love the place and will always return.
But as far as retirements go there's ways round everything
Of course there is
Tim 2, I think Australians on the aged pension can spend 6 months/year overseas? There are probably some rules around that. I am on the disability pension and I can only spend 28 days overseas before the pension is cut. I can spend up to 3 months overseas before I need to actually reapply for the disability pension. But payment lasts just 28 days. Once I reach aged pension age (67), then I believe 6 months/year overseas is available
If you've worked in Australia for at least 35 years, you can claim it overseas unrestricted once you reach 67.
T T great show , do it more often !
As a Perthite, the only Tim Shaw I know used to play and coach AFL.
Do you mean Tony Shaw from Collingwood?
Tim 2 has a very attractive voice...oh my god! I would buy whatever he says 😅
I had a health insurance policy here for many years. When I turned 65 years old, they didn't cancel me BUT, the premiums priced me out. Insurance companies do not want to insure old people. That said, I feel that they are cheating people who have had those policies for many years. There is no loyalty. I had one claim in all those years. It was for appendicitis. They did pay for the entire operation except for a soft drink that my wife had. I felt that was quite petty. No doubt the insurance company spent much more money collecting for that soft drink than it cost..
Our family lived and worked in Thailand. My husband helped boost the economy with his job. Therefore, we didnt consider ourselves guests. You are a guest on holiday!
I’m not understanding, Tim is doing the SAME thing so why are you touting your way is better and he’s still a guest? I would say resident. Curious🤔🙏🏻
Great show. Watching it today, Sunday, as my wife and I attended the Sawadee Brisbane Thai festival yesterday. Thailand is a wonderful country to visit and live.
Iget an AUSTRALIN PENSION SINCE 2008 I LIVE IN THE NETHERLANDS
Maybe someone can give me advice. I'm a 67 year old Australian woman. I'm eligible for age pension now . I went back to Australia last year but due to housing shortage, I've ended up back in Cambodia living on borrowed money less than half the monthly pension. Australian government will not give me the pension unless I go back to Australia for 2 years because they don't have an agreement with SE Asian countries. I'm desperate they acknowledge I'll be homeless if I go back.
Hi. Very sorry that I cannot advise. I’m as confused as many about the vagaries of the Australian pension overseas. Maybe you could move somewhere that has more housing available. Or stay with friends. I can only wish you the best and please keep us informed of what you decide.
Please read the comments further down. I read someone saying that you need to have worked in Aus for at least 35 to be eligible for the full aged pension. John_Smith.1967 wrote a good comment on this subject and to contact the Hobart International Pensions.
Really enjoyed the programme today
Nice one today. Thank you!
What happen to the western society like US, Canada, Australia, UK, by the time people reach the age of 50, friendship no longer exist. They be lucky to a have a few friends left to come for a visit. People try to hide the issue and avoid the truth by saying busy lifestyle, family and so on. In reality, People been taught to take other people for ride or take advantage of their friends, so they all go separate way for goods. What do you think 2 Team ? you can see why foreigners run away from Vietnam.
Demtel, Tim is cool but Big Kev was the best with is orange cleaner
That was terrific. Great show 🙂
Great show as always
Bonjour Tim and Tim . Thanks for you update about Thailand . I agree with you its always about money . If you don't have enough money you will not be happy in Thailand . Have a nice weekend and stay safe from menton ( France)
I moved to Spain when I retired and go to Thailand for long holidays when the hot season end in Spain.
I am in Australia getting my pension, I will bring it back to Thailand in 2 years. A friend of mine was just in Cambodia for 4 months, hardly any change to his pension which he lived on while away.
I think that publication running the best places to retire story is focusing on the US populus, not global. Mostly places in the Americas and Europe except Malaysia. Costa Rica and Panama are home to many US retirees.
I remember Tim from the Ads on Melbourne TV ! 😊
great advice about the travel insurance from T2. You usually need to use the credit card to pay for the flights or accommodation, but you'd do that anyway.
I've spent a LOT of time traveling over the last 24 years and have never needed to buy travel insurance.
For the times when I go snowboarding or plan to rent a scooter, I can 'top up' the 'free' policy for a nominal fee and be covered for those activities.
Dean Martin & Jerry Lewis. Love it. Cheers
Great show today. Very enjoyable. Thank you for entertaining us on a cold rainy Sydney afternoon 16c. Great to see Tim Shaw still around and as funny as ever Great Aussie humour
Tim I really enjoyed Tim Shaw on the show… you two have great chemistry… extremely professional it would be great to have him when he’s in Thailand…. great show the steak knives brought back a lot of memories…
Montezuma was an Aztec thus refers to Bangkok belly
When cigarettes hit $2 per pack in the U.S. I quit smoking! That was 18 years ago and have not had the desire to smoke again. I had been smoking for 32 years before I quit. I refused to pay $2 a pack. It's much more now and I'm glad I quit!!
Guys when you get above 80 years of age you CAN NOT buy travel insurance from anyone. I am now 84 lived here for almost 30 years always funded my-own insurance
Ditto Dave Walden I'm 82 y/o. So I now just go on Tourist visas often. I get the Australian Aged Pension with some super I'm under the threshold and I live like a King in Thailand. Other times I live in W.A. I am still able to walk 6km around the block each day and have done so for 47 years every day. Modest walking I believe helps a lot and health is OK to good. I have had a Thai retirement visa obtained in Canberra Aus. As I own a house frequent trips are OK.
Central America sounds quite a bit unstable for me. It might seem okay until one day it's not, like wjat happened in Ecuador one morning.
Asian societies are generally more cohesive and cooperative. Less crime and political instability. Crisis tends to contained within national borders and doesn't so easily spill over. If something is going on in a neighboring country you still have time to plan your response.
I have lived in Singapore for several years, been to Malaysia. Stayed long term in Taiwan and Hong Kong. Stayed midterm in Thailand and Japan. Based on all this, splitting time 180/180 between Japan and Thailand seems optimal, seasons, culture and health-wise. It does take some language aptitude, Japan in particular.
I'm doing the same. Splitting my time between Thailand and Japan. Could not be happier with life. I tried living in the West both in the US and Europe but I did not enjoy it at all. Even though I'm of European descent the west is too foreign and alien for me. I grew up in Southern Africa and I find the East aligns more with me both culturally and in values.
Tim bloody Shaw! Awesome! You can tell he's a born salesman, all the subtle little plugs were great. I had Shingles when I was 48. It's awful, so get the Shingles vaccine!
Hang on! The viewer saying you get an Australian pension, well spend it in Australia!! Okay, but why are people getting a pension? Because they've earned it, or they can't work! Furthermore, what drain on Australian society are these pensioners, if they're living overseas?
Furthermore, people who go overseas have to buy air tickets when they go and return, which helps the Australian economy. Some people will probably still be contributing to the Australian economy, even if they live overseas. That's because they may have assets in Australia that they need to pay taxes on (think financial investments, property investments, etc); all sorts of fees/charges, including travel charges; sending money back to Australia to family members for various reasons, etc. Again, these overseas Australians are not putting anywhere near as much drain on other tax payers, because they're simply not living in Australia. Dave (Perth, Australia)
Tim.
Can I live overseas and get the Australian age pension?
If eligible, yes. Your payments will be made every 4 weeks instead of fortnightly, and you may be paid less than what you would have in Australia.12 Jan 2024
However
You are not eligible for the Australian Pension Supplement while living overseas
I know Some Australian People who receive their Pension from Australia.
I watched a program were recycled plastic was used in bitumin road making. Looks like Steve will be out of work. Even exported to Australia.
Good to see Tim.
Hi good morning both of u Tim's happy to see u both need to know I'm from india I have gal frd in pattaya can i stay in pattaya what's process I wanna marry my gal and settle down in pattaya pls suggest
Probably best if you access the Thai Embassy in India. I have seen info pertinent to Indians on the internet and recall that there are some variations from Australia so I would recommend that you start there.
Thumbs up 👍👍Tim’s
I remember Tim Shaw, love your work.... Answer to your question what I do here in retirement, I do Community Radio here in Qld, I looked at that while i was there and I couldn't find anyone to help me.
#GreatShow2024
Gday Tim while Tim Shaw is in Thailand you 2 should do a talk show series. Your entertaining but 2 Tim’s is twice as good your subscriber base would probably triple ❤
T1 if you don’t have Thai residency you are not an immigrant in Thailand. All other visas are NON immigrant, in including Business visas, it’s irrelevant how you feel, it’s your legal status to the Thai authorities that counts
T2 and T1, Australian citizens in Thailand can receive Australian pensions as I have several friends here in Thailand receiving Australian pensions, admittedly it is not automatic. One friend had to return to Australia for a fixed period to meet some criteria and then returned to Thailand with no problems
Yes… 2 years. Not going to happen. And, yes, maybe I am an ‘aspiring’ immigrant. But I certainly don’t see myself as a guest anymore.
"guest" is not a legal status. So, I agree with you that T1 is a non-immigrant (in the legal sense) and I agree with T1 that he is not a guest (in the non-legal sense).
There is a lot of property in Thailand where the owner has passed away and no one knows the owner owns it, Orphaned prorperty
"A lot"? Where ? 😂😂😂
@@John-G The body corporate management knows. (Some Utilities accounts also know. Many in Pattaya and Bangkok,
@@btfofffice "The body corporate management" ? WTF 😂😂😂
If you think there's "a lot" of unclaimed property around, particularly in Pattaya and Bangkok with property prices there and given the Thai laws on adverse possession / squatters' rights, I think you're in la-la land, but up to you.
Too bad the lawyers weren’t all on the cart at the time.
Thought I was watching a Harry Enfield scetch for a moment then😂
😂 definitely a strong resemblance. Aussie Harry Enfield.
My gosh, sitting here thinking, "But wait, there's more!" and then you come up with T1 & T2 😂😂😂😂
Can I live overseas and get the age pension? If eligible, yes. Your payments will be made every 4 weeks instead of fortnightly, and you may be paid less than what you would have in Australia.12 Jan 2024
You are not eligible for the Australian Pension Supplement while living overseas
Hello your only a guest in a country unless your a citizen...south Africa is the best multiculturalism people and let live..great climate..beaches game parks size of whales...great guest..hopefully you got some tips from here for your show..
No, a guest leaves and go home . If you live there you are a resident.
Not to say the good food and wine..you can fly into kruger park..or nip up to Namibia..Zimbabwe. Botswana or a bit further up go see silver back gorillas..then over keyna .Tanzania see they great migration..
If you like a country that is circling the drain then sure
South Africa had the potential to be the best country in the world to live. Unfortunately their politics and crime levels destroyed that potential.
@@jw841we hoping for change now with recent Anc DA coalition. Western Cape is great city to live in. 😊
I know a Greek Australian lady living in Greece for years, who's collecting her Australian pension without any issues. She returned to spend 6 months or so in Oz and claimed it from there.
@@uptownonfriday No, she went to Oz and spent 6 months there, applied for the pension and now lives full time in Greece... no need to return to Oz annually.
She may have lived and worked in Australia for 35 years. If you've done that you can take it overseas.
But wait there's more lol
great chat T1 & T2!
Having only ever seen Tim in the adverts, I was pleasantly surprised with his intellect end eloquence. A great guest for your show!
Yes, he seems like a sound bloke a nice addition to the show.
Disappointed at the end though… there wasn’t more.
lol
I not have facebook.. how can i find social groups?
Sign up to Facebook
@@timnewtontodayI don't use my Facebook either. I just get out of the room and start walking. Best advice is to start talking to people where ever you find them 😂
Now here’s a question… how did people find social groups before Facebook?
@@timnewtontoday facebook was hacked
@@thestevemanExactly my point. Socialize!
After 6 weeks out of Australia pensioners only loose the supplement portion of the pension.
Thank you Rodney