battersea Posted September 10, 2019 Share Posted September 10, 2019 Does a retirement visa ha e to be based on a pension ?I am 50 but do not qualify for a UK pension yet...But...i do have regular payments from a share in a company that i worked for in a 20 year period.Does this qualify ?If it does..do the payments have to be on the same date ? Sent from my SM-N960U1 using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
DrJack54 Posted September 10, 2019 Share Posted September 10, 2019 (edited) You can use income. Does not need to be "pensions". BTW a term that has many meanings even in farang world. Does not have to be same date but needs to be 65k+ every month. Demonstrated to come from outside los. Don't listen to the 65k " average". Best to make sure that comes in every month. Or use money in bank and lock up best part of 800k for the year. Edited September 10, 2019 by DrJack54 Link to comment Share on other sites More sharing options...
battersea Posted September 10, 2019 Author Share Posted September 10, 2019 thanks Dr Jack...i can easily show 80k plus coming in every month for a year .. but when i tried to explain this arrangement to Immigration they did not seem to understand it.would i perhaps need a covering letter from the company explaining it ?Sent from my SM-N960U1 using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
DrJack54 Posted September 10, 2019 Share Posted September 10, 2019 (edited) 23 minutes ago, battersea said: thanks Dr Jack... i can easily show 80k plus coming in every month for a year .. but when i tried to explain this arrangement to Immigration they did not seem to understand it. would i perhaps need a covering letter from the company explaining it ? Sent from my SM-N960U1 using Thailand Forum - Thaivisa mobile app Your bit mixed up. There are 2 methods. First is showing monthly transfers from overseas into your Thai bank of 65k +. You perhaps would need to enquire what you imm office would except as proff of "income" . since various imm offices in los have various rules. Many folk choose to use "money in bank method" .....that requires pretty much having 800k baht in your account most of year down to minimum 400k. Explain details latter. If you choose later option and obtain the non o from outside los eg Vientiane etc. You do not need to show where money came from. Or, you could do border bounce for visa exempt entry and do conversion to obtain no o at immigration inside Thailand. In that case you need show dosh came from o/s. Edited September 10, 2019 by DrJack54 Link to comment Share on other sites More sharing options...
jacko45k Posted September 11, 2019 Share Posted September 11, 2019 (edited) Firstly, you could qualify for a retirement extension by putting 800,000 in a Thai bank account and pretty much leaving it there. A second option is to demonstrate income transferred into Thailand of 65,000 baht or more, every month. It would make sense to keep transfers at around the same date just to fulfill the requirement.... and maybe allow for an odd delay of several days. A further option, just to confuse things, is a combination of income and a bank deposit totaling 800,000 baht. If you had a Thai wife, a marriage extension is another cheaper option. These are 'extensions of stay' obtained in Thailand. Have you considered a Non-Imm-OA visa obtained in the UK. Edited September 11, 2019 by jacko45k Link to comment Share on other sites More sharing options...
battersea Posted September 11, 2019 Author Share Posted September 11, 2019 i got a non immigrant O on the basis of looking after my Thai son.they gave me 3 months and i need to try and extend my stay here in November.Sent from my SM-N960U1 using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
gk10002000 Posted September 12, 2019 Share Posted September 12, 2019 On 9/10/2019 at 7:37 AM, DrJack54 said: You can use income. Does not need to be "pensions". BTW a term that has many meanings even in farang world. Does not have to be same date but needs to be 65k+ every month. Demonstrated to come from outside los. Don't listen to the 65k " average". Best to make sure that comes in every month. Or use money in bank and lock up best part of 800k for the year. Recommend as an alternative to have your income go to some home bank account and store it up and buffer it there, then you transfer the 65K monthly to your Thai bank account. That is what the Thais want at the moment to satisfy the retirement extension income method. Must show monthly 65k transfers from abroad. In addition, I would recommend you transfer the money in the middle of the month to avoid the chance that due to holidays, bank closures, network issues etc. that might cause a payment to not happen on say the 1st of the month or miss the 31st of a month and then you get two payments in one month but for one month you showed no transfers in. Some posters here have had issues where they "missed" a transfer by a day or so and immigration sometimes was OK with it, sometimes were not. 1 Link to comment Share on other sites More sharing options...
battersea Posted September 18, 2019 Author Share Posted September 18, 2019 The funds come from a UK company to my Thai bank account every month for years. The average amount is 100,000 baht per month and it usually comes between the 17th and 25th of each month. It comes into my Krungsri account and is marked as an FX transaction. Is this good enough to satisfy the requirement ? 1 Link to comment Share on other sites More sharing options...
Mike Teavee Posted September 18, 2019 Share Posted September 18, 2019 43 minutes ago, battersea said: The funds come from a UK company to my Thai bank account every month for years. The average amount is 100,000 baht per month and it usually comes between the 17th and 25th of each month. It comes into my Krungsri account and is marked as an FX transaction. Is this good enough to satisfy the requirement ? It should be as long as it's > 65,000 and happens roughly the same day every month Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now