Should I wait two years to apply for the LTR Pensioner Visa or can I apply now with soon-to-commence unearned income?

LTR Visa Pensioner Visa Earned vs Unearned Income Visa Application Process BOI Guidelines Income Requirements Thai Immigration Rules

Aug 12, 2023

a year ago

Deborah *******

ORIGINAL POSTER

Hello, am considering a LTR Pensioner Visa. The rules on the BOI website state personal income is “unearned income, such as a pension, rental, capital gain etc” For me the important statement on the website is : Earned income such as salary will not be considered as eligible income for LTR Pensioners application.

As a newly retired person, salary has only just ceased. My Unearned Income  will shortly commence, satisfying the BOI requirements. It seems the BOI need at least a 2 year history.

What I’m unclear about is my history of salary does not count so I can’t cite that, but sufficient unearned income will kick in in a couple of weeks time. 

Should I wait two years, then apply ( assuming that visa is still available then) or apply now with the proof of my new form of income? Everything else is ok, it’s just that Unearned vs Salary mystery. I can’t be the first person to be a newly retired person with a new income stream! I’m attracted to the LTR as it seems simple, multi entry, could potentially work, not so much reporting. 

Thanks for your advice.

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TLDR : Answer Summary

A user is seeking advice on applying for a Long-Term Resident (LTR) Pensioner Visa in Thailand, specifically about the eligibility of unearned income like pensions versus earned income such as salary. They recently retired, with their salary ceasing but unearned income set to begin soon. The user is uncertain if they should wait two years to apply for the visa to meet the requirement of having two years of unearned income documentation or if they can apply now with their impending income streams. Multiple comments provide insights, suggesting that while historical salary cannot be counted, prospective unearned income may still be eligible. There are mixed experiences shared regarding documentation requirements, with recommendations to contact the BOI directly while also detailing successful instances of applying with less than two years' documentation.

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John ******

i got a ltr visa , pensioner in februari. But could submit two years already. But you ar e right, just starting receiving pension makes it impossible to have 2 years statement. Just contact the BOI . The two ladies (half a year ago) are utmost helpfull .!