This is NOT an official government website. We are an independent resource providing information and assistance to travelers.
Do I need to show monthly income if I have the required 800,000 baht for a retirement visa in Thailand?
Sep 13, 2024
2 years ago
Mathew *******
ORIGINAL POSTERHi, I visited a recommended visa shop in Pattaya today to clear up something about a retirement visa that I am not 100% sure on but still only 90% sure...lol It may be me being stupid. I'm nearly 54 and would like to retire in a couple of years. When I do I will not have a monthly income well not a very good one. I will have the 800,000 to put in the bank and keep there. Do I still need to show a 65000 monthly income coming in from the uk? I tried to explain to the visa lady that I can put in at a couple of million and do I still have to show an income but she just wrote down 65,000 I don't think she understood what I meant. Thx.
TLDR : Answer Summary
A user inquired about the requirements for obtaining a retirement visa in Thailand, specifically whether one needs to demonstrate a monthly income of 65,000 baht if they have an 800,000 baht deposit in a Thai bank. Several responses clarified that it is sufficient to either have the bank deposit or the monthly income, not both. Many commenters suggested that having the 800,000 baht in the bank would negate the need for showing a monthly income. They emphasized the importance of using accurate information from reliable resources, suggesting alternatives to the visa agent if necessary.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
Pelle Eriksson★★★★★
Absolutely Bangkok's best service I highly...recently on Facebook
Luca G.★★★★★
I used this agency for my DTV Visa...recently on Google
Trusted Retirement Visa Agent
OVER 100,000 EXPATS SERVED
#1 VISA AGENT IN THAILAND
John ********
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.
John ********
Also get in the habit of keeping as fit as you possibly can. As the saying goes. Look after your body & your body will look after you.
Mathew *******
ORIGINAL POSTEROne of the reasons I come to pattaya I like walking here. I do around 8 miles non stop up and down beach road (every few days) there is no way I would do that in the uk.
Reply to
Mathew *******
Reply
Tulip ********
Thailand my not be the best place for someone with health issues and tight budget.
Mathew *******
ORIGINAL POSTERAlso if there is any kind of crypto bull run I should have a better budget. 😎
Mathew *******
ORIGINAL POSTERHello Tulip, I plan on getting a good health insurance policy 😁
Reply to
Mathew *******
Reply
David ********
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.
Mathew *******
ORIGINAL POSTERHi David, my idea is to eventually sell my house and live off the proceeds in Thailand for a year and see how it goes from there. The UK is going down hill rapidly and it would be cheaper to live in Thailand. I also have some health issues that my stop me from working soon anyway.
Reply to
Mathew *******
Reply
Mathew *******
ORIGINAL POSTERQuick question re. The bank account. Is the 2500 a must pay for the accident insurance or just something they try and sell to you?
John ********
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.
Mathew *******
ORIGINAL POSTER@John *******
hi John, my rough understanding is if I can prove I have already paid tax on it in the UK I should be OK not to have to pay tax in Thailand.John ********
@Mathew ******
I'm not conversant with tax Mathew, I ly with tacks you use to nail carpets to floorboards 😂.Reply to
John ********
Reply
Grant *******
the easiest way is put 800k plus in an account and don't touch it
Sean ************
Lucky you only need deposit
Andrew ********
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.
Simon ********
Get yourself an agent!
Terary **********
It's 800K or 65K/monthly... One or the other.
Tim *********
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.
Kenneth *******
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.
Derek ********
The 800K will suffice however it cannot drop below that amount within 2 months of your renewal
John *******
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?
Jacques *****
Is chase bank in Thailand considered a bank of thailand?
John ********
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.
Jeff *******
@John *******
it doesn’t matter, he can deposit it as it’s not possible for him to live here 180 days this tax year now. Infact now would be a good time to do it for that reason!John ********
@Jeff ******
According to some of the experts on FB even if you deposit money in a year you do not spend more than 179 days and the next year your in Thailand for more than this, then according to some on FB it is then taxable regardless of which year it was deposited. Not my opinion, the opinion of others.Reply to
John ********
Reply
Mathew *******
ORIGINAL POSTER@John *******
Thanks John that sounds sensible.John ********
@Mathew ******
Sorry miss spelt name, it's Tod Daniels.Reply to
John ********
Reply
Paul ***************
With a good agent you don't need the money they deal with that
Steve *******
@Paul **************
Then you have a fraudulently obtained visa/extention. Forever looking over your shoulder, if the shit hits the fan it'll be all over you not the agent!Reply to
Steve *******
Reply
Alastair *******
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!
Msg me if you get stuck!
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!
Mathew *******
ORIGINAL POSTER@Alastair ******
hi ..lol . It's not my agen I was just walking past so I went in to ask the question.Alastair *******
@Mathew ******
, well good! Walk in and walk out!Reply to
Alastair *******
Reply
Jorgen *******
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
Do you have to make extension every year or every 2nd year ?
If you choose to have 800,000 bath in Thai bank
John *********
@Jorgen ******
The first year you get 1 year plus 3 months then it's every year after thatJorgen *******
@John ********
I’m sorry if you think I’m wasting your time I know the feeling I have different Bitcoin groups where I answer questions…. mostly the same week after week. 
A lot of copy paste
Jorgen *******
@John ********
It’s for me to take it into consideration regarding which country I want to settle down and I need to understand before I can chooseI also pass it on to a small group of Danish people
And maybe other people also can benefit from my questions and your answer thanks 
Jorgen *******
@John ********
thanks again This winter I will try living in Phuket on tourist visa
60 days and then ask for extension 30 day before expiration either go back to Bulgarien or visit Georgetown in Malaysia stay a week and go to Thai Embassy and apply for a visa ( don’t know how long visa I will get on Danish passport ) 
Do you have any idea?
If I like to live in Thailand I will apply for retirement visa But I want to check out some other countries before
John *********
@Jorgen ******
I give you information about a retirement visa but what you are saying you are not needing one so why waste people's time 🤔Reply to
John *********
Reply
Christopher *************
Talk to the Thai visa centre
Audie ******
The agent should not be confused..and should know the answer for all your questions..find another
Mathew *******
ORIGINAL POSTER@Michael *******
Hi Michael, I've spoken to a. Few ex pats (not in detail) and they all say it's much easier to just get a agent as they can do it all a lot quicker.
Gary *******
@Mathew ******
go to one stop visa shop in soi 6 they are the best Mike and Pom will help youKirsten *********
@Mathew ******
if you have a bank account and you have the money you don’t need to do it with an agent. I did it with the agent the first year because it was during COVID and I didn’t have a clue. I don’t know where she sent it but I never went to the immigration office! It took a week to come back. I spent the year worrying that it wasn’t right. Since then I’ve done it myself. It takes about half a day to get the paperwork together and sit in immigration. So it depends what you consider easier. For me currently easier is knowing that it’s done right!Gary *******
@Kirsten ********
yes but for your 90 days renewal you do not need to go to the immigration office you can do it online very easily to doMathew *******
ORIGINAL POSTERThanks Kirsten, yes its all about getting little snippets of information from people that are in the know. Don't you need a long term address to get a bank account?
Reply to
Mathew *******
Reply
Michael ********
@Mathew ******
its not difficult but if you get stuck with agent route your stuck with them.Paperwork is same every year once you compile it keep copies and update what you need to. But up to you
Stuart ***********
@Mathew ******
the only difficult part is opening a Thai bank account, you might need an agent to help with that. Then you simply deposit the 800,000 and provide some basic information for immigration. Saves you about 30,000 baht if you do it yourself. I extended mine again this week and other than waiting an hour in the bank, (someone in front of me was opening an account) it took me 10 minutes to get the letter and statement and then 20 minutes at immigration. The form is 1 x A4 to complete with about 10 questions. You give them copies of all your documents and walk out with your visa extension. It took me the same amount of time last year too. It's so easy, but it's up to you.
Reply to
Stuart ***********
Reply
Clive *********
Bobs post is exactly right Mathew I’m just renewing mine next week
Bob *******
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
Ar *******
One stop visa service Pattaya
Ar *******
Go to another agent, check out mark chevalier , Londoner, he and his partner run a visa agency
Dover **********
get a DTV visa until your pension age, 5 years £300? don’t need a bank account
Sweet **********
If he makes the deposit, would he have to maintain the 800k balance in order to maintain the visa requirements throughout alotted time frame?
Matthew *******
If you have the 800K you won’t need an agent and that will cover what is required
Michael ********
You got time learn how to do yourself
Jock *****
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
Obviously the one you're using hasn't a clue.
Yes, you need 800k, no you don't need monthly income to show
Chris *******
@Jock ****
100% correct. Take a visa office with a foreigner to apply for your Retirement Visa. It wll cost between 28.000-32.000 THB. I've been applying the last 3 years myself. Cost me 1.900 THB and ***
day work with banking docs, immigration papers, copies and immigration officeLes ***********
@Jock ****
I agree about finding another agent.Henrik *****
Take control of your life, and don’t use a agent, you are almost able to do it yourself, and if you follow the group until you actual apply, the last doubt has disappered.
And you will feel great about doing it yourself, after all it isn’t rocket science.
And you will feel great about doing it yourself, after all it isn’t rocket science.
Reply to
Henrik *****
Reply
Pete *******
Just the 800k in a Thai bank in your name will suffice.
Linhof *********
Nope
Malcolm *************
Either Or... Not both 👍
Carsten ************
With the 800k you're fine. You don't need both.
Brandon ************
It's bank deposit OR monthly income. One or the other.
Reply to
Brandon ************
Reply
94 comments
2 years ago
22 comments
2 years ago
51 comments
2 years ago
24 comments
2 years ago
10 comments
2 years ago
7 comments
2 years ago
4 comments
2 years ago
8 comments
3 years ago
11 comments
3 years ago
10 comments
3 years ago
20 comments
3 years ago
11 comments
3 years ago
87 comments
3 years ago
13 comments
4 years ago
38 comments
4 years ago
38 comments
4 years ago
8 comments
4 years ago
9 comments
4 years ago
34 comments
5 years ago
63 comments
5 years ago
88 comments
6 years ago
Do I need to maintain my 65k monthly income requirement for a Thailand retirement visa while abroad?
15 comments
7 years ago
31 comments
8 years ago
14 comments
8 years ago
13 comments
8 years ago
7 comments
a month ago
9 comments
a month ago
21 comments
a month ago
16 comments
a month ago
8 comments
a month ago
The ask:thailand community, consisting of multiple Q/A groups with over 100,000 members, powers this platform. It is not an official government resource. Our members actively contribute to this resource, and while we strive for accuracy, we cannot guarantee its complete reliability. Assistance to travelers is provided as a community service.