WhatsNext

Very true i have a house myself in Hua Hin and this is paid in cash of course, i do know some guys that borrow on their wife's name. However what i mean to say is that this is certainly not the majority of the expats in Thailand. Quite a lot of them don't have the 800k THB in the bank for the retirement visa and live on a basic EU pension which can be anywhere from 900 to about 1200 Euro if you are single. Like everywhere there are rich(er) and poor(er) people around, and in my years in Pattaya i certainly didn't get the impression that the majority had a lot of cash lying around. Most retirees live in places like the Markland, rooms in soi bukhao and condo's in Jomtien like the VT series. Rents are 12-20k and the rest is spend on drinking, girls and hanging out with the boys.

I think all of your friends are lucky to be American then maybe. Most retirees in Thailand are from Europe/UK and we have substantially less to spend. Salaries are a lot lower and most countries do not have massive over appreciation of house values. Again, happy for you but it's sadly not the rule if you aren't American, which is 95% of the world

This is one of the very few legitimate and safe, if done in a very short time frame like you did, use cases.

Just as about 32% of the men in Pattaya are ex marines, ex sas or ex secret service, i think that the number of cash millionaires retirees are grossly exaggerated. Most people i know, among which are a dentist, a lawyer, and several people that worked in ICT are certainly not rich and live in pensions/social security or eating their principal. Fantasy, boasting and general BS are quite big on this forum, so i would take all the 100 million baht plus for what it is, nonsense.

When do people realize that you can eat the principal.... 1 million on 20 years basis with say 4% return will give you a monthly of : 6039 UKP That's 268.433 baht ! To get 120.000 baht per month you only need a capital of : 446.050.. Please guys, learn how to use an annuity calculator and you can retire 10 years earlier than you think. *edit* For those crypto screamers : Yes there are people that got rich from it, there are however more people that lost money, Bitcoin is just a database, you are buying baked air, as long as everyone is fine with that, the value will increase. If someday people wake up to the nothingness of it all, it will poof in an instant. Keep Hodling ! Daimond hands, listen to airhead influencers, buy your coin, hype, hype, hype.

No not off, is it's inclusive eating the principal, many people forget that. Your last suit doesn't have any pockets to take the money with you.

Calculations are quite simple, and many people here overestimate the amount needed : 1 Million US for 30 years against 5% will give you 5345 USD per month or 187,075 Baht. That's way too much so you can make savings on that amount for later inflation easy peasy. So even without a pension, 35 Million Baht would be more, more than enough. I am 59 myself, have a new pool villa, a new SUV, a live in GF and spend less about 1 million baht per year. That is with the house and car paid for of course.

If this is implemented, with the emphasis on "If" then the following will apply : * All income before 2024 isn't taxed when you bring it in, meaning if you have savings and you bring them here, all is fine. By the way, this is how it should be as no country should tax imported savings So end effect : Keep your pension in your country of origin, or outside of Thailand anyway and live of your savings. BUT and it's a big but : This is Thailand, everything will change before the new year and then it will be forgotten to safe face, i am not that worried.

Hey thanks for this, very interesting and it shows that it won't be that bad as the previous 149 pages are predicting.

Just a random, sexist, thought : If this was a young man from Sweden, would he get the same amount of attention and financial help ?

I read many remarks that you pay tax in country A and then have to pay the difference if country B, which is Thailand in this case, has a higher tax rate than A. This is not the case, the income is either taxed in A or B, depending on the source and there is no paying of any difference. Long story short, if you pension is already taxed in A, then no tax in B and the other way round.

Oh now that is a good one ! I was planning to get an international account, get my pension there and get money that i need here out with a debit/credit card from the ATM. Which could work except when you want to get a new Audi for 4 million baht.

"Your wrong" now i understand why I'm still waiting for an argument from your side. Case closed

No it's up to you to give a counter argument, showing that I'm wrong

Not a very good one : 1 infection with vax risk 100 1 infection without vax risk 137 2.2x more infections with vax : risk 240 what is higher 240 or 137 ? i know that trying to change someone's opinion is about as effective as making steak from strawberries, but it's entertaining