how are people who cannot use the 800,000 bht means of obtaining a visa but have a 65,000 monthly income going to get on, , the way i read it is that you have to show proof that you have been bringing in at least 65,000 for at least 1 year. Its seems a truly thai F--k up in that if you cant stay for a full year how can you prove you have the 65,000 each month
Entanglements found here: https://sawatdeenetwork.com/v4/showt...cation-Letters
Just another reason why I love living in Thailand
Had a discussion tonight re the money in the bank. I was not really interested until it was suggested that the money could be onloaned to say another 3 people in the 12 month period.
I did not want to get involved but it was stated $800,000 does not have to stay in one bank and can be transferred to others. It has been happening for many years.
Wombat : an Australian marsupial that eats,roots and leaves
Of course, that little scheme relies on one of the participants not running off with the 800,000B when it's his turn to have it in his bank, right?
Sorry I realise everyone is at different places in their lives and things happen that affect peoples finances etc but is it not reasonable to expect or assume that once you reach the age where you're retiring to Thailand or wherever that it's not an unreasonable expectation that you might have that 800.000 ( £18,000 Stg) stashed away in some bank or other hidihole ?
I mean surely by that point most people who decide to move have sold a house to help relocate, or if not have even just rented out their house and so have some form of even a small rental income ( and one assumes no mortgage needing offset against that anymore?) so reaching either of the governments basic limit requirements wouldn't it appears on first glance to be THAT onerous on a person - and actually more to the point if by that point in life you can't hit those numbers then maybe you DO have a bit of a problem and shouldn't perhaps be thinking of living overseas in the first place when it comes to considering future medical issues arising etc maybe - which is the Governments whole point I'm guessing ?
And again I dont mean the above as a dig or insult towards anyone who is maybe finding themselves in that position I just find it hard to calculate how that might be the case at our rough collective ages ? No doubt I'll soon be informed how that IS very easily the case and how it's easy to find oneself in that position through no fault of that person - and if so I do apologise in advance and repeat no offence is intended in my observation / question.
mr giggles (November 14th, 2018)
First question NIrish guy, is "are you on a retirement extension in Thailand"?Originally Posted by Nirish guy
There are many, including myself, who live on a pension which is in excess of the 65K monthly stipulation by Immigration. But we don't have 800,000 Baht to put in an account in a Thai Bank or even in a bank in our home country.
That is why the new regulation of eliminating the Embassy certification income letter is a big deal!
Thus it is not reasonable to expect that we have 800,000 in a hidihole or a bank!
What happened? Just how much meatloaf and Mont Clair have you been having, francoise??
No meat loaf but lots of Mont Clair, sglad.
Jellybean (November 13th, 2018)
Aaaah that explains your posts. You know what they say, never drink on an empty stomach.No meat loaf but lots of Mont Clair, sglad.
Absolutely. After many of them have spent 30 or 40 years driving around in BMWs or whatever, then they really should have saved less than the value of one of these cars.
Also, Thailand has to set some kind of minimum income level, otherwise they might have millions of people from Bangladesh and other such places turning up and getting retirement visas. They need to make sure immigrants are solvent and will not be a burden on the Thai taxpayer. This is how the world works. In some places in the world, buying a retirement visa is much more expensive.
Life is tough & the reality is that money is needed for the entry ticket. I don't earn enough to fly at the front of the plane*. Some can only just afford to get on the back of the plane and billions of people around the world cannot even dream of long haul holidays.
Finally, if the rules have required you to have either 65,000 baht monthly income or 800,000 baht in a bank account, then it is only reasonable that you do one or the other.
Also, if your income is actually in another currency and just scrapes past 65,000 baht, it's way safer to already have the 800,000 baht in your Thai bank account. Then if your pound note only buys 20 baht after 5 years of Mr Corbyn in no 10, you still have the 800,000 in baht.
[* Well, I could fly further forward, but NOT whilst saving for retirement. Also figured I could save a shed load by running older cars for years too.]
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