Greetings All,

Is it possible for someone to qualify for a retirement visa based on a monthly pension income of 790400 THB in lieu of an 800000 THB deposit to a Thai bank account?

Has anyone applied to the DTV while under the age of 50 on a pension income? I'm retired and no longer work but my retirement income will last the rest of my life. Would it be an issue to the immigration authorities?

It seems that if I craft a good cover letter for my application with detailed explanations, then its suitable for approval, but I wanted to hear from anyone whose gone through it.

edit: Thank you for the responses, everyone.

I’m about to start my retirement renewal process next month after the first year. I have a pension income of 65,000+ baht going into my Bangkok bank months also the required bond in the bank for last 2 months so I have the option of both methods. What I’m worried about now if I use the pension proof ? Will it be taxed at 30% because it could be deemed an income. Most of this amount was tax exempt in UK due to tax threshold

Most people posting talk about the requirement to have 800,000 baht sitting in their Thai bank account.

My understanding is that the 800,000 required can be made up from two separate amounts. One being proof of pension amount received in your home country as income there ( say 600,000 total annually), and the second amount only required in the Thai bank account being the difference, say 200,000 baht.

Is this correct ?

Can anybody tell me, if I am doing the retirement visa with monthly income ( pension) of 65000 tbht. Do I have to transfer this amount of money every month into Thailand or is it enough to have the letter approved from my embassy? (I don't want to transfer this amount of money, because I don't need so much.)

Good afternoon,

My first message did not go thru.

I have a 1 year extension based on work permit with my wife as dependent.

I plan to switch to 1 year extension based on retiree with my wife dependent as well in 2024. I know the obligation of having the 800 000 baths for at least 2 months prior change.

My questions:

800 000 is ok for me and my wife as dependent ?

I will transfer every month my pension which is over 65000 baths. Will I be able to use this to renew my 1 year extension in 2025 and in that case how should I monitor my 800 000 baths deposit ?

I hope I am clear

Thanks a lot in advance

My husband and I applied together for OA visa from USA. He was approved but they don’t seem to want to approve my income. We are going to live off his pension ( covers both of us for required monthly income) and I have large retirement account but too young to remove money without penalty. Any thoughts? Calling embassy is not helpful.

I have a US Social Security pension equalling in excess of 65,000 THB/month, so I can avoid the 800,000 THB bank deposit. My wife”s pension is smaller, though - about 23,000 THB. How much would she be required to deposit? i understand that the 800,000 THB deposit would be reduced, but by how much? Thanks!

Hello everyone.

Today I got my LTR-R visa stamped🥂🍾 🎉

I just read the Nick M. complex experience…

My experience:

Compared with the “regular” 1 year retirement extension, it was a rather easy process.

I initially applied with a combination of pension income + property investments in Thailand.

Using Thai property as proof of income is quite cumbersome and for several reasons my initial request was rejected.

Switched to pension + US dividend income and the process was much easier and faster and I got my visa approved in less than 3 weeks.

The BOI LTR office is truly helpful and very responsive. For every question I posed, the reply was always within the next day!

The main benefits of the LTR visa are:

- 10 years visa (5+5) rather than 1 year.

- the 12 months police report rather than 90 days which means, practically no more reporting.

- no need of any bank deposit (800k)

- LTR is a multi entry visa by default

- it costs only 5k/year thus 50k for the 10 years

- the application process is fully online (with some software hiccups though…)

- it can be definitely a do-it-by-yourself process, no need of agents at all.

On the other hand you pay 50k upfront for a 10 year visa but it is in reality a 5+5 years. At 5 years they will check if you still meet the LTR-R requirements, so there is a little risk there.

If anyone is going through the process and have any question, please feel free to ask.

Cheers.

My friend has a retirement extension and 800 000 thb in his bank for a long time. He needs to take some of it out. How does it work against his pension? How much does he need in pension.