Those of you trying to be influencers online ,and making some income , will be short lived
One day you're going to realize it did not last play out and then realize you wasted all those valuable younger years when you could of been actually following a career path with an end game for retirement
Younger days is where you need to make it happen and get into a long term career path because influencing, as I said ,will be short lived and then you'll find yourself in Thailand with no good source of reliable income for the future ...a bad place to end up in the circle of life
mostly those are the expats that have been there for years when the requirements were relaxed .
There are alot there that struggle but most that are applying now did fairly well and owned properties worth considerable values
I think we may see the retirement visa slow down now as most are looking at how much money they may be taxed on and the amount of new loopholes and hoops they will have to jump through to try to retain their money
The DTV will flop in the long run , watch and Thai govt will have to figure out how to clean up the mess ... its going to be interesting to watch
, a lot of retires still have monthly company pension income payments that remains for the REST of their lives and actually increases yearly and in some cases its more than most DTV visa holders income .... just depends on what their career was
young people do not have money for the most part and alot of the old people actually do .
Retired will spend far more money in Thailand than the younger crowd that has limited funds
Sure there are old people with no money, primarily ones that moved there years ago because they couldnt survive in their own countries due to lack of retirement planning ,but most newer retired have money and fairly well off
Younger people are going there for the party and it's cheaper to live compared to their own countries where they scrape by
but they are catering to people that really do not have alot of funds . Retired people have far more money in alot of cases in comparison and spend more more money than most DTV applicants ... typical Thai not looking at the big picture and going on the fly , this will backfire
One thing to remember when buying , you need to read the fine print
There is in & out and most people will buy the in patient only thinking of something major ie : operation and they will be covered but take cancer for example , the majority is out patient ...
All diagnostics , Dr visits , chemo , radiation, pretty much most of cancer is out patient but if you require surgery that would be covered as in patient but not the continuous follow up care .
Rounds of treatment where you attend the hospital for a few hours then go home so be careful choosing and read the fine print and ask lots of questions
Canada's basic income tax rate without Provincial income tax added
You could end up paying 5 or 10 % to Thailand depending on how much you earn with the DTA
So if you make less than$
*****
than more than likely you would be accessed an addt 10% payable to the greed of Thailand's govt making you pay their debt ( theyre desperate) and not offering you anything in return like medical or other items such as Canada gives
We are in the midst of moving to Thailand from Canada and we were aware everything may be taxed inc used furniture and household goods so we sold them all with our house to avoid this which is unfortunate as most of our belongings were high end modern and one offs custom made for us
My wife is Thai and she's in Canada and the rules say that a Thai national living abroad may bring in personal items after 1 yr away but only 1 of each item so we just gave up and sold everything with the house