Answered2 years ago

What are the visa options for U.K. citizens retiring in Thailand while maintaining funds in the U.K.?

Thailand Visa Non-OA Visa Retirement Visa Medical Insurance UK Citizen

Stephen ********

asked Nov 13, 2024

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Hi , looking for advice. I’m a U.K. citizen and own a condo in Thailand already. I will be retiring next year to Thailand permanently. My question is regarding a visa to stay in Thailand . I have the required funds to deposit in my Thai bank account but is there a visa that lets you keep the funds in the U.K. but show proof that you have them and it’s compulsory to buy medical insurance?

I don’t want to go through an agent. 

Thanks for reading

Answer summary

The user is a UK citizen planning to retire in Thailand and seeking advice on visa options that allow him to keep his funds in the UK but still meet the requirements for residency. The discussion mentions that the non-OA visa might be suitable, but it requires proof of funds in a Thai bank account and medical insurance. Users also provide insights about banking practices in Thailand and the implications of maintaining funds in the UK versus transferring them to Thailand.

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Kenneth *******

If you are retiring in Thailand WHY do you want to have your money in a UK bank. Every time you need money you will pay the transfer fee and that adds up fast. The Baht 800K needs to be here in Thailand. Put it in an account and do not ever let that account get less than the 800K.

2 years ago

Stephen ********

@Kenneth ******

I don’t think one transaction a year would break the bank Kenneth . Like Brandon says you can leave your money in the U.K. on a non-OA visa. Thanks for the reply

2 years ago

Stephen ********

Thanks for the info Kenneth , I think one transaction a year is easy if you transfer enough. We bought a property 6 years ago with the intention of retiring to it permanently and that time is now. You are right Thailand is a great place to live

2 years ago

Kenneth *******

Very unusual for once a year. I am retired and have a monthly pay direct deposit to Thailand. I do all NY banking here and never had a problem here, I did have a problem with retirement pay and the nice lady at the bank who is in charge of retirement accounts caught the error and we had them fix it. She saved me from losing nearly

***

million Baht. Thailand is a good place to live. Thailand is my home after I retired. Enjoy

2 years ago

Ruel *******

When you arrive here you could take a health check up package in one of the hospitals or clinic. If results would show a chronic disease, there is a chance for you to apply for DTV soft power medical treatment. You can DM me if you have questions.

2 years ago

Bob *********

2 years ago

Brandon ************

Yes, that's how the non-OA visa works. But if you want to keep doing that forever you'll have to go back to the UK every 2 years to apply for a new non-OA visa.

2 years ago

Stephen ********

@Brandon ***********

thanks for the reply Brandon

2 years ago