and it has to be on a tax return which most retirees, regardless of wealth won’t have as they’re retired! Badly thought out as always. Less than 5k have taken it up and the target was a million! 😄
But the bottom line in many wealthy peoples cases is cash doesn't count. A 7 figure SIPP (private pension) in the UK also doesn't count. To reach the required amounts in interest/dividends alone would mean an immense pot, the size of which most people holding them would be unlikely to be eyeing up Thailand as a retirement option. I'm thinking with the woeful take up of the LTR, someone with a little more grey matter will simplify it. Would be interesting to know who your agent is though?
TBH no - I know I have the wealth but it doesn't seem to be in the right boxes. Many people here retired with a sizable pot and just transfer random amounts over as and when necessary, either from a cash pile (house sale etc which again won't show up on any documentation) or ad hoc withdrawals from investments or equity sales etc, all cash transactions into a bank account normally. It's been indicated to me that wouldn't stand a chance even though, and I'm not bragging here, but it's to make a point, I was told by an LTR Visa company I am wealthier than many that apply and are successful!
No never, I've read a lot about immigration being the devil incarnate but every single encounter I've ever had has been nothing but helpful! (One kept the office open for me to get something from home 30 minutes after due to close). Another gave me their personal phone number should I have any issues and not 1 baht was exchanged etc etc. Though I have seen one or two come unstuck due to their superiority attitude.
Exactly my point - I asked what bonds would I be investing in and they gave me a list. There was no performance background, no history, no management setup, nothing! You would need to view it as the fee for the LTR and not 'investment' imo. As for real estate, yep I own my house in my own name but the land in a thais. Whether that counts, who knows.