Clive ********
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Clive ********
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Clive *********
@Tim ********
mine is in draw down and so far I’m living in the tax free element. How will this affect me do you know ?
Clive *********
As I understand it , money generated before Jan 2024 is tax exempt, after this date it is taxable at 30% for farang if already taxed in UK at 20% Thai government take the 10% balance. They treat savings as non taxable but you may have to prove it
Clive *********
I just locked my exch rate today at around 45 baht for next 4 months with smart currency exchange in uk. Doesn’t matter what it does now
Clive *********
Yes I can confirm the minimum insurance cover required for a retirement visa is 3,000,000 baht of life insurance cover. Health insurance is down to the individual. I’d like to ask, where can I get that cover as a 70 year old and at what cost please. Any quotes very welcome
Clive *********
The criteria is if you’ve not used the system for three years you have lost entitlement anyway. Best bet is to re-enter in a small dinghy on the south coast
Clive *********
@Stuart ********
yes that’s correct and first time application on time with the money in bank
Clive *********
I was told by Phuket immigration 2 months before application and 3 months after but if a regular income from your pension it can be a combination of the two after year one