Retirement Proof Of Income

[mrjohn]

My retirement visa expires in four months time so I already have to start planning for the new one. Whenever the 65,000 Bht monthly income is mentioned it is usually called a "pension". I have a pension but it is very small. The rest of my income will come from a UK investment company which, although it provides a regular income is not, strictly speaking, a pension.

Has anybody any experience of this?

[wca01]

My retirement visa expires in four months time so I already have to start planning for the new one. Whenever the 65,000 Bht monthly income is mentioned it is usually called a "pension". I have a pension but it is very small. The rest of my income will come from a UK investment company which, although it provides a regular income is not, strictly speaking, a pension.

Has anybody any experience of this?

Your fate lays in the hand of your embassy. If they agree to confirm your total income from the UK, you are trouble free.

WCA

[naka]

My retirement visa expires in four months time so I already have to start planning for the new one. Whenever the 65,000 Bht monthly income is mentioned it is usually called a "pension". I have a pension but it is very small. The rest of my income will come from a UK investment company which, although it provides a regular income is not, strictly speaking, a pension.

Has anybody any experience of this?

Seems this is normally accepted, you just need to provide some proof to the embassy staff.

Naka.

[ProThaiExpat]

Well said. U.S. authorities require no proof, since you are swearing before a U.S. Officer as to the truth of the income stated in your declaration. Penalties of perjury are quite severe when made to U.S. Government Officials, ever heard of Martha Stewart?

It may well be worth your while to discuss what your embassy people will take as proof of your income flow. You could even create an intermediary trust, into which your income from any source would flow and then out again to you, thus meeting the requirement as to amount from one source, which you could designate as a "pension fund". After all, since you have to prove it every year, you only need a guaranteed amount for a year. Perhaps, there are U.K. financial institutions that could assist you in creating a "defined benefit" plan that would operate as a pension fund to satisfy your embassy.