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What are the requirements and options for applying for a retirement visa in Thailand, including bank account and income verification?

Retirement Visa Thailand Visa Non-Immigrant Type O-A Bank Account Requirements Superannuation and Income Verification Expat Visa Process Visa Application Tips

Feb 14, 2018

7 years ago

Yvonne *********

ORIGINAL POSTER

A couple of retirement visa questions.

1. our main bank account is a joint one, does that mean we need to have more than the 800,000 baht in it to apply for our visa. 

2. My husband will still be employed when we apply for our visas, as he has 9 months of long service plus holidays if he got a letter from his employer showing his fortnightly wage can this be used for visa application.

4. We have money in a superannuation fund which we can access, to live off is a letter from superannuation fund be used for application.

Thanks

Yvonne

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TLDR : Answer Summary

The discussion focuses on the requirements for applying for a retirement visa (Non-Immigrant Type O-A) in Thailand, specifically addressing concerns about joint bank accounts, the use of pension and superannuation funds, and how to verify income. Key points include that for married couples, only 800,000 baht needs to be shown collectively, and income statements from employers may require notarization for visa applications. Additionally, superannuation can be included as income if it has been converted to a pension plan. The community also emphasizes the importance of obtaining the visa from Australia before moving to Thailand for a smoother transition.

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.

Yvonne *********

ORIGINAL POSTER

Thanks all will get visas done here in Australia before we come over and relook at our dates. hoping now that the company my husband works for doesn’t take forever to release his superannuation.

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Vincent *************

If married you only need show 800,000 baht 0nce for the couple

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Tod *********

Here's the requirements for getting that year-long, multi-entry Non-Immigrant Type O-A visa from the thai consulate in Sydney. (Not all the thai consulates in Oz issue it).

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John ********

sure no more questions for now but thanks for your input!

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Tod *********

, seeing as your topic isn't related to the O/P's :/ could you make a new topic instead to ask your questions?

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Tod *********

John Culley not really.

you could get that Non-Immigrant Type O-A visa before you come here from a thai consulate in your country.

Then when you come in you'd be stamped in for a year. Every time you entered the country during the validity of the visa (one year from the date it's issued) you'd be stamped in for another year.

Meaning if you exited and entered just before the visa itself expired you would get stamped in for a whole new year taking you to two years in country on that one visa.

BUT

After that you'd either BUY a new visa from a thai consulate or you apply for a yearly extension of stay at the immigration office

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John ********

so that also means that I could get a retirement visa in advance of actually living in Thailand and provided I’m back in Thailand within each 12 months period I can keep it ‘live’ indefinitely? If so is there any minimum period I would need to stay in Thailand?

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John ********

thanks for the info!

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Tod *********

(except for the new 4 year Smart visa) 90 day reporting is mandatory for anyone on ANY visa or extension here if you are in the country for more than 90 days.

Meaning if you're here 90 days you go file a 90 day report. If you are NOT you don't.

When you re-enter the country the 90 day count down clock starts over so you would never have to do a 90 day report if you're not in the country 90 days.

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John ********

one more question: with the retirement visa there is still the requirement to do the 90 day reporting, right? If so what if I have left and am (still) out of Thailand when the 90 days comes up?

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John ********

Thanks, that’s sounds to me like the easiest way to go then...

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Tod *********

If you get the Non-Immigrant Type O-A visa you can come and go all you want during the validity of the visa itself (one year from the date it's issued) and each time you enter you'd get stamped in for a completely new calendar year.

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Tod *********

@Steph ********

It's on their website

Non-Immigrant Type O-A (Long Stay) Visa

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John ********

Hi Tod Daniels just to clarify, once I get the year long multi entry visa from the Thai consulate here in Sydney, I can then leave from and return to Thailand various times during the course of that initial year, and each time I do, I get a new 12 months (multi entry) extension?

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Steph *********

Tod do you know if the embassy in Canberra issues the same.

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Tod *********

IF you get this visa before you wash up here, it will be good for unlimited entries for the validity of the visa (one year from the date it's issued) AND every entry will get you stamped in for a completely new year.

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Tod *********

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Tod *********

Why not just apply for year long, multi-entry Non-Immigrant Type O-A (Long Stay) visas from a thai consulate in Australia BEFORE you guys wing your ways here?

That's the easiest route to go..

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Daniel *******

These damn Thai immigration rules are simply too straight forward and mundane...

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Tod *********

, Ahh, I missed the part where they wanted to make their visa and extension process here as convoluted and full of peril as they could :/ Sorry.

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Daniel *******

That’s simply NOT complex enough for us, Tod!

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Daniel *******

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Yvonne *********

ORIGINAL POSTER

Thanks everyone.

The super will convert to a pension plan once my husband retires, which is January next year. But in the mean time he will still be receiving a fortnightly wage while he is on long service leave. Which is over 90,000 thb a month. We were wondering while we are waiting for him to retire if a letter from his work showing his monthly income and what’s in our bank be enough to do visa before January

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Steve **********

Can you get the yearly extension with an income affidavit from the US Embassy?

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Tod *********

, nope, that's not it, because for the first yearly extension you apply for the money only needs to be in the account for 60 days. Every year after that you need the money in the account for 3 months.

But at least you got it. (y)

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Mike ********

Perhaps they wanted both because my bank account was recently opened two months? Either way, everything worked out and I have the visa now.

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Tod *********

you were mistaken or told wrong information you either show a letter from your consulate stating you have over 65K baht a month in income from abroad, bank 800K baht in a bank account in your own name the requisite time before you apply for the extension OR use a combination of income from abroad and banked money to equal 800K baht in a calendar year

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Mike ********

I just went through this process here in Phuket. I needed to have my income notarized at the American embassy outreach in Patong as well as a Thai bank account with 800K in it. I know the rules say you only need a notarized declaration of funds from the embassy, but here in Phuket they wanted a Thai bank account with 800K as well.

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Robert *********

As I said, the Aust Embassy does not require proof of funds, just a declaration you are receiving them. They will tell you all the bad things that will happen to you if you make a false declaration, end of story. Thai immigration will accept the declaration once it has been notorised.

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Robert *********

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Yvonne *********

ORIGINAL POSTER

Australia

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Garry *******

Easiest answer is to have 800,000 baht x 2 in bank (about AUD64,000) i only showed a bank balance at the time, it did not have to be in the bank for any long period.

Yes you can use your super ONCE it has been converted to a pension plan super with a declared monthly income as part of the equation lessening the total value needed in the bank as the sum of both needs to be 1.6mb. What i did was have the total value in the bank ( from house sale proceeds) then after receiving retirement visa made a contribution into my super and then converted to pension plan, so going forward i will use combined both.

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Michael ********

You need to show in your OZZIE bank for the initial OA in Oz....If you go for a 12 month extension based on retirement later while IN Thailand, you technically need it in a Thai bank...unless you use an agent who ''arranges' it for you.

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David ****************

. Correct, if your going down the ‘money in bank’ route. 2 other alternatives are 1) income

Or

2) a combination of the above.

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Robert *********

Fair enough

, not being picky but don't you need to also show money in bank when you re apply after 12 months? I know I have to get a new income declaration to re new my retirement visa.

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Garry *******

@Robert ********

, i did exactly the same, maybe i wasnt clear, my house sale money went into Aus bank for purpose of visa, then moved into Aus super, straight after.

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Robert *********

Garry Benge, my house sale proceeds are earning over 9% in a super income account in Aust, why would I leave it in thai bank. I organised everything before I came here. Declaring an income is easy for me

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Robert *********

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Bjørn *********

Ish..

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Robert *********

I think the consular outreach in Chiang Mai can also sign, but the timing wasn't right for me

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Robert *********

I declared I had a monthly income on 75,000 bht month (65,000 required), the dec was signed at the Embassy in Bkk, no checks required. And no money in the bank. I have age pension and super pension, nothing was checked.

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Stephen *******

I just got my income letter at the new Australian Embassy in Bangkok on Monday. No problems, no questions asked, although I had super statements. If you have documents from your super account take them just in case. The Thai desk clerk wouldn't have a clue about Australian Superannuation law (same as most Australian's). This is the easiest way to get an Extension.

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Richard *******

Australians just fill in a self declaration, most other nationalities actually have to give evidence to their embassy.

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Richard *******

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Robert *******

1. Yes, joint account of a married couple is seen in Thailand that the amount is

*****

, so only half can be used by one person. 2. No, income statement has to be verified by your Embassy.

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Mike ********

What is fortnightly?

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David ****************

2 weekly

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Craig **********

And yes superannuation is a percentage of your salary that your employer pays into a managed fund... you cant touch it until you reach a retirement age depending on what year you were born...

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Craig **********

Every 2 weeks = Fortnighly

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David ************

I had to look up superannuation. It’s just a company pension program.

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David ************

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David ************

Her profile says Australia

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Margi ******

F

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Robert *********

Where are you from

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Robert *********

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