What are my options for obtaining a retirement visa in Thailand if I don't meet the financial requirements?

Aug 17, 2024
4 months ago
Malcolm **********
ORIGINAL POSTER
Hi Thailand lovers, Malcolm from Mooloolaba Australia, I am 73 but pension is only 58k bht a month and gave my property to my kids so don't have 880000bht in the bank so I think I would have trouble getting a retirement visa. Can I get a 180 day visa,I have been doing 30/60/90 days for about 2 years and fly back to Melbourne to my daughter s 22th September and will apply then, which Visa do you recommend, thanks 🙏 Mal
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TLDR : Answer Summary
Malcolm, a 73-year-old expat from Australia, is seeking advice on obtaining a retirement visa for Thailand despite not having the required 800,000 baht in his bank account. He is currently living on a pension of 58,000 baht per month and has shifted his property ownership to his children. The community suggests several strategies, including applying for a 180-day visa, considering agent services to navigate financial requirements, and exploring alternatives like the Non-O visa. There are mentions of potential tax implications on pensions for extended stays as well as discussions on the use of agents to streamline the visa process.
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.
David ********
Colin Boyland... I would be very careful of revealing what you have done with your house and money if you have sold or given away the money. It appears you have divested yourself of a house. For Centrelink purposes, you may still be deemed to have over $850,000 in deemed assets which may make you unsuccessful in qualifying for the Australian Aged Pension (AAP)...I beg you to get legal advice. please!!!
Colin *********
Keep in mind that your pension amount that you're receiving while in Australia is more than it will be if you move to Thailand to live... about 5.5k Baht less.

Not having the 800k required, you can do what has been suggested by a few... using an Agent to get the Visa for you. Doing that, you should be aware that these Agents only put the 800k in a bank account until the Visa has been approved and then they'll take out again. They're actually bribing an Immigration Officer to get the Visa for you. Going this route will depend on you're comfortable being a part of something, which while it might seem from some comments to be fine and accepted by a lot of people, it's still illegal. Also, if you go that route, you are quite likely to be stuck with using agents every year. Also, there are some Immigration Officers who will refuse to deal with Foreigners who use Agents to obtain Visas when it comes to doing Extensions, so doing Extensions on your own might not work out.
Alan *******
@Colin ********
I have see comments saying this a number of times - that an agent can supply the 800k requirement. The requirement is show bank statements in your name (your address, etc). Are you saying that the agent will actually transfer 800k to your personal bank account? And the only thing you give is 15k or so? How does that work? Does the agent simply trust you to send the money back to them? Or are they forging documents for you? The 800k is required by Thai government - I presume to ensure you are financially stable and won't end up a deadbeat or living the street. Bypassing the requirement through faking it seems like it would illegal and a risk for the agent and for the client.

There are agents that ask you to provide the bank proof - and they streamline the process for you turning weeks into days - but is a agent that fakes the requirements for you a legitimate agent? Thanks
Brandon ************
@Alan ******
the agent transfers money long enough to get a document showing the balance then it's gone again
Alan *******
@Brandon ***********
- to a local thai bank account or an international transfer? My experience is a transfer can take a few days to show up in an account and that is only after the funds arrive - and you can send money to anyone's routing and account but absolutely not withdraw from it - so I still don't really get how they can do that - and also that it's a legal risk
Brandon ************
@Alan ******
it's a local transfer. In. Get document. Out.

Why would it be an international transfer? These agents do this all day. They're not putting their money at risk or they wouldn't be doing it
Alan *******
@Brandon ***********
so you give them control over the account? Theres is no other way to transfer "out" unless the account owner sends it back. The account is not going to show the balance unless the funds are actually there. And I assume this doesn't work for the extension which requires showing the balance every month - or are these agents transferring money in and out of clients account every month? It seems strange and not really possible - on top of illegal. Thanks
Brandon ************
@Alan ******
why do you think you're paying money to the agent? Of course it works for the extension. They are bribing the immigration officer to overlook the requirements.
Alan *******
@Brandon ***********
oh, so they don't actually put money in your bank - why do that if they are simply bribing officers..thanks
Brandon ************
@Alan ******
THEY PUT YOUR MONEY IN YOUR BANK Jesus you don't understand what you're told. They still show you have the money, the bribe is to ignore that the money wasn't in the account for the required time and that you never showed up at the immigration office.
Alan *******
@Brandon ***********
no, I understand, thanks. I am working with an agent for my retirement visa and it has been working fine and completely legit and any 'bribes' are used to speed the process and skip the long waits. No need for paying someone to forge my financial state. I was just curious how these other agents manage to do what I have heard from you an others. With these other agents, I always hear you are 'stuck' with them for any renewals because of what they have done, so I guess they are advised against in a number of ways. Thanks
Brian ********
Just be careful of scammers and good luck
David *********
You will get a Visa ..

Use an agent , a good agent , forget all the other rubbish this is the most cost effective way to do it
George ************
Just come with the tourist visa and do the retirement visa with an agent...
Mike ******
Get the agent that others have recommended. The easiest way to get your retirement visa and to renew every year after.
Kevin ********
Go to pattaya and ask to see lucky at soya bukou. I had the problem but she sorted it out for me. It cost me 37.000 5 hundred baht and it took 3 weeks.
Оливер *********
@Kevin *******
*****
bht? You got ripped off 😂
Kevin ********
@Оливер ********
don't think so also got health insurance which is a must also bank card
Robert **********
@Kevin *******
......there are a lot cheaper options.
Lloyd **********
Easiest way is through an agency. Pay 15 000baht with Bangkok bank and 2000baht with other banks. You can pm me for the agency
Darren **********
There are many services you can use to get your visa.
John ********
Why won’t the kids give the money back to you?

They have their entire life in front of them but you maybe not so much.
John ********
Get the kids to pay your 800,000 baht..
Joe *******
If you are in Australia you can apply here for non imig visa O-A for one year..you do not need
*****
0..you need other docs but easy to obtain
Malcolm **********
ORIGINAL POSTER
Thanks 🙏
Malcolm **********
ORIGINAL POSTER
@Joe ******
what other documents do I need please 🙏 thanks 👍
Graham ******
@Malcolm *********
insurance and a police check, look on the Thai Consulate website for detailed requirements
Stephen ******
How long are you allowed out of the country before it affects your pension
Clive *********
@Stephen *****
180 days or more in Thailand, Philippines o problem as double agreement with uk
Lena *******
@Stephen *****
6 weeks, then they take the energy allowance off.
Keith *******
I meant to add; you can get 60 days + 30 day extension. I have a place in Thailand with my partner but currently living in Perth. That's my plan when I return to Thailand. Remember the one also needs TBH
*****
0 annual insurance with your retirement visa.
Damo ***********
@Keith ******
I believe that is for a NON O-A visa.. for the plain NON O there is no insurance requirement.
Keith *******
@Damo **********
thanks for info. I will follow up then.
Keith *******
THB
*****
0 OR
*****
per month income.
Rene ********
Agent
Clive *********
One thing to consider Malc is if you stay for 180 days or more you may get taxed on that pension you have also. I’m on retirement visa done myself easily by the way 1900 baht but I’m waiting to see this year if I’m going to get taxed on all my Thai deposits from uk. If so I may go somewhere else and avoid the rainy season and very hot weather going forward
Iain *********
@Clive ********
if tax is paid on the pension in the UK or Australia then no-one will need to pay tax again on transfers into Thailand. The new requirement is to complete a Tax Report.

In theory, the Tax Report will show up tax evasion in the home country or Thailand.
Clive *********
@Iain ********
hope you are right Iain
Max **********
@Clive ********
I have read on Thai embassy site income from retirement pension from Australia is not taxable. Maybe different for other countries.
Clive *********
There may be a bit of a mass exodus during that time during low season when resort businesses rely on a drip feed of income from non holiday residents however small, to keep going through the baron summer months like myself. I’m finding a few bars closing altogether at this time. I’m not sure Thai authorities have thought this through properly. I’m here to spend my life savings in Thailand and if I’m going to be taxed again on my savings I bring into spend then I’ll sadly look elsewhere to spend it
Brian ********
@Clive ********
Britain had a dual tax agreement with Thailand, so you won't be taxed twice on your pension. I am also on a UK pension and I enquired about what to do, if anything, and that still appears to be a grey area.
Rene ********
@Clive ********
I think a lot of people are going to be considering the 179-day stay. From what I read, this new law also applies to all Thai people. I can't imagine every one of the farming people around me going in and filing a tax return
Phil ******
@Mal****
agents in Pattaya can help. If you have a certain bank account then from ฿
*****
.
Terry *********
@Phil *****
what agent charges 15k
Phil ******
@Terry ********
pm me but depends if you have bangkok bank account.
Chris *********
I didn't need 800,000 bht. Seek an agent, cost approx 35,000 bht and they do everything for you.
Jolene ***************
@Chris ********
how much do agents charge?
Chris *********
@Jolene **************
read my first message
Jolene ***************
@Chris ********
sorry thank you
Paula *********
Use an agent, they can bypass the 800,000 for you but at a cost.
Colin *******
Not wanting to be the smartie, but, if you gave your property to your kids would it be too much for them to piney up the $35k for you?
Bob **********
25-30,000 with an agent and your in next time only 12,500-13,500
Von ******
Maybe look into the DTV 180 days leave and come back for another 180 days wash rinse repeat for 5 years…

Look at doing Cooking Course options for that particular visa.
Colin *********
@Von *****
Do you think a 73 year old would have a realistic chance of getting the DTV approved for a cooking course? Better chance of pigs flying.
Von ******
@Colin ********
what? The man has to eat? Show me where there is an AGE restriction.
Colin *********
@Von *****
who said anything about an age restriction? I'm talking about reality. In one of the three Thailand related groups I'm in, sometime in the recent past, I've seen a post by someone that Thai authorities are clamping down on visa applications that don't seem realistic. Besides, it's very unlikely that the DTV will, besides initial applications in the first few months, be as simple as it seems right now. Show me proof that anyone has had a DTV approved for a two week cooking course that some seem to think would be approved. I'm sure a 73 year old man isn't going to sign up for a six month cooking course where he's obligated to attend 20-40 hours of cooking classes every week.

Of course, I'm also assuming that by your return response, you're just trying to be humerous.
Dirk **************
Get stamped in for 60 days, and find an agent for a non-O visa here in Thailand if you have problems meeting the financial requirements.
Bigd **********
Agents can solve the 800,000 baht issue
Bigd **********
@Tony *******
I have not used one yet, just know they do it
Colin *********
@Bigd *********
yeah, by bribing an Immigration Officer
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