Answered5 years ago

Does Thai immigration base retirement visa approval on the previous 12 months' financial history or future funds?

Thai retirement visa visa renewal financial requirements Superannuation Australian pension Krungthai Bank

Wayne *******

asked Apr 18, 2022

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Hi guys and gals. Hope you are all well.

I use the combined method of income and small balance in Thai bank for my retirement visa. Around 750k per year income and a floating 100k per year in Krungthai. My income is from my Superannuation fund.

My question is. 

Does the approval go on the previous 12 months financial history ? Or is it based on what you present as funds from home for the next 12 months ?

Reason being for my question is …. I have enough in my Super to get me through to December… at which time my Australian pension will kick in. But I am unable to substantiate the forthcoming Australian pension with a document saying so. 

I’m guessing that the answer will be … may vary to the scrutiny of which officer or office. 

Just preparing for renewal next Thursday 21st April.

Answer summary

The approval for a Thai retirement visa renewal using the combined method of income and bank balance considers financial history from the previous 12 months. Specifically, the bank balance must have been maintained for at least 3 months after the last extension, and monthly income transfers must be documented for the entire year leading to the renewal application. Future income sources, such as an Australian pension, need to be substantiated with formal documentation to support the application.

5 repliesnewest first

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Tod *********

The seasoning rules on the banked money portion of the combined method still holds so they are gonna wanna see that the 100K stayed in the bank for 3 months after your last extension AND that it didn't go below 50K the rest of the year.

for the montlyh income method part of the funds they are only going to want to see the monthly transfers into your thai bank account for the previous 12 months before you apply for the extension.

5 years ago

Wayne *******

@Tod ********

Thank you Tod. 🙏 amen.

5 years ago

Stuart *********

@Wayne ******

further to what Tod said, after following this site for 2 years in preparation for my retirement later this year, I am led to believe that the Thailand authorities want to see your pension deposited each month , apparently centrelink close over the Xmas period and pay 2 months( December and January) in 1 hit, this situation apparently is unacceptable and could cause you Visa problems, I will watch your post to see if anyone has a solution, Cheers and good luck

5 years ago

Stuart *********

@Tod ********

Thanks Tod, that is well presented, and your answer also provides a solution,

5 years ago

Tod *********

@Stuart ********

@Wayne ******

IF you come from a country whose embassy here doesn't issue the affidavit of income from abroad notary letter and you want to you monthly income the only way to do it is to have incoming international transfers, each month every month for the previous 12 months.

There's not ANY leeway on it 🙁 and I know people denied because one transfer didn't hit one month but two hit the following month <- which is not how the rule for monthly income method is written.

5 years ago