Do I need to show monthly income if I have the required 800,000 baht for a retirement visa in Thailand?

Best thing to do depending on whether you have any pre conditions is to have a full medical, blood tests for liver, kidney, cholesterol & blood count. Also lung x ray, echocardiogram, Myocardial perfusion scan, which measures the blood flow through all arteries & blood vessels of the heart to see if there are any problems. Also there are blood tests these days to see if you maybe susceptible to some cancers. If you have these and get the all clear. Then just hope your plane doesn't crash on the way, or you don't get in a road accident once in the land of 😊 😂 😂 😂. Seriously though even if your in your later years, like myself & are in very good physical condition, weight & BMI, then even if you want some peace of mind with some sort of health insurance, try to get the impatient only cover, with the lowest patient cover, IE., 400,000 baht. Also to keep your premiums down accept whichever excess you are comfortable with. I lived in Thailand from the age of 50 to 61, never had health insurance, saved a fortune, but took the risk. Now I'm 76 & hoping to go back early next year & will not be taking out insurance, mainly because it doesn't matter how fit & healthy I am, just the fact of my age means the insurance companies look at people like me as a bigger risk than someone in their forties that might smoke, be overweight & physically inactive. It's the same in any walk if life D.O.B matters more than the condition of a person.

Thailand my not be the best place for someone with health issues and tight budget.

If you have the 800,000 on deposit you don't need the 65,000 income to get the visa. But do you have another source of income to live on? You can't work in Thailand on a Retirement visa.

Depending on this new tax on foreigners bank deposits in Thailand, for the visa Thai bank account you need to prove 800,000 baht, but if that is liable to be taxed, then the rate for between 750,000 & 1,000,000 baht is 20%, which would only leave 640,000 baht, if that is the case then you'd needed 960,000 in your Thai account. If you go down that road for a retirement visa, you'd be better off finding an agent for the lowest price you can.

the easiest way is put 800k plus in an account and don't touch it

Lucky you only need deposit

No income requirements if you have 800k in the bank for 3 months prior and 3 months after and don't allow the account to drop below 400k for the duration of the visa.

Get yourself an agent!

It's 800K or 65K/monthly... One or the other.

Remember the visa shop wants your business. But you don't need them if you meet the 800k requirement. Still useful to use an agent for peace of mind, but find one you feel completely confident about. Full service (ie including providing the 800k in your bank account for a few minutes) ranges from about 12,500 baht to a crazy 50,000 baht. Shop around, especially since you don't need to borrow their money for a few minutes.

The 800,000 and a retirement income is okay. I have been here 30 years with less than 65,000 per Mo. My retirement is directly deposited into Bangkok Bank.

The 800K will suffice however it cannot drop below that amount within 2 months of your renewal

I thought that you could use a combination of a monthly income plus money in the bank to attain the 800,000 baht target. Maybe I'm wrong?

Is chase bank in Thailand considered a bank of thailand?

When you say you could deposit a couple of million, I presume you mean baht. Don't do it until this tax thing is clearer. Even then I'd only deposit the amount required to get the visa. 800,000 baht. Actually you need to get advice by the expat experts because there's several things you need to know before you make a decision. The guy that seems to be really knowledgeable is called Tid Daniels, just search him on FB and message him, he's very obliging with advice.

With a good agent you don't need the money they deal with that

Matthew, piss your agent off straight away. Just an idiot! Ting tong!

You need 800,000 baht in a Thai bank account. There are rules about this.

Don’t worry about monthly income as you already said you don’t have “a very good one” per month.

You can do this yourself easily. And not waste money on the leeches out there, eg Agents!

Mate, just Google, read and learn!

@Claude ******

sent you the “to do” sheet. Look at it and follow - easy!

Msg me if you get stuck!

Regarding retirement visa

Do you have to make extension every year or every 2nd year ?

If you choose to have 800,000 bath in Thai bank

Talk to the Thai visa centre

The agent should not be confused..and should know the answer for all your questions..find another

Bobs post is exactly right Mathew I’m just renewing mine next week

I believe you have to put 800K in the bank 2 months prior to applying for an extension and leave another 3 months. Then you can take 400K out don’t go below 400K and put back to 800K 2 months before renewal of new extension. If you don’t want the 65K per month option.plus bank account must be in your name

One stop visa service Pattaya

Go to another agent, check out mark chevalier , Londoner, he and his partner run a visa agency

get a DTV visa until your pension age, 5 years £300? don’t need a bank account

If he makes the deposit, would he have to maintain the 800k balance in order to maintain the visa requirements throughout alotted time frame?

If you have the 800K you won’t need an agent and that will cover what is required

You got time learn how to do yourself

Get another agent..fast!

Obviously the one you're using hasn't a clue.

Yes, you need 800k, no you don't need monthly income to show

Just the 800k in a Thai bank in your name will suffice.

Nope

Either Or... Not both 👍

With the 800k you're fine. You don't need both.

It's bank deposit OR monthly income. One or the other.