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What are my options for transferring money from the UK to Thailand under the new tax laws for retirement visas?

Non-O Visa Retirement Visa Tax Laws Money Transfer Thailand Banking DTA between UK and Thailand

Mar 9, 2025

20 hours ago

Gary ********

ORIGINAL POSTER

Re non O retirement visa: with the new tax laws coming into effect what options do I have to get around this in transferring money from the UK to a Thai bank account? Ta

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TLDR : Answer Summary

The discussion addresses concerns about the implications of new tax laws on transferring funds from the UK to Thailand for those holding Non-O retirement visas. Key points include the assertion that tax authorities are not targeting retirees, suggestions to maintain a balance in a Thai bank to simplify fund management, and potential exceptions under the double taxation agreement. Community members recommend seeking professional advice for clarity on these issues.

NON-O RETIREMENT VISA RESOURCES / SERVICES

Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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Phil ******

@Gary *******

why are you worried? Nothing has really changed in the tax laws. You should seek professional Dvice. Checkout Ben of integrety legals utube page as he's done many vlogs on taxation

14 hours ago

David *******

You don’t need to worry about tax. The entire fuss has been about nothing. They have zero interest in taxing retirees

Arnold **********

fake information

David *******

There has been absolutely no change in the tax situation of 99.9% of retirees in Thailand. All the fuss and nonsense has largely been drummed up by sites desperate for clicks and ‘advisors’ hoping to make money.

14 hours ago

John ********

@Arnold *********

Like most of the speculative comments on FB fake news 😂😂😂

14 hours ago

Reply to

John ********

John **********

The only way round it is not to transfer any income received after

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/2023 unless that income is covered by a carve out in the DTA between the UK and Thailand (usually just pensions earned while in government service but not the state pension). You can also claim a credit for any tax already paid in the UK on the income you transfer.

20 hours ago

Jan ******************

You could drop 800K permanently in your Thai bank. Then you’ll don’t need to transfer any money to Thailand to maintain an extension of stay based on a Non O visa. Or else there’s no legal way around proving that you have funds in Thailand if you want to maintain a permission to stay.

20 hours ago

Richard *********

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%20of%20attorney.-,Tax,on%20paying%20tax%20in%20Thailand

This is the latest guidance from the UK government about living in Thailand. It was updated in November 2024 so it's current.

17 hours ago

John **********

@Jan *****************

but then what do you live on?

17 hours ago

Jan ******************

@John *********

Difficult if you plane to live permanently, but if you stay for periods and want to maintain your permission to stay you could manage with your bank at home and credit cards in Thailand and transfer smaller amounts to a Thai bank.

17 hours ago

Reply to

Jan ******************

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Should we keep our UK bank account open and transfer money to Thailand for retirement and investment?

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