Popular Post Suradit69 Posted January 25, 2019 Popular Post Share Posted January 25, 2019 11 minutes ago, PatOngo said: IMHO if someone cannot afford to deposit 800,00 baht in an account then they are not ready for retirement! If someone is just now preparing to retire and settle in Thailand, I agree. But for those who have been retired for 10 or 15 years and have had a legitimate income of baht 65,000 a month, for example, but only bringing in a part of that amount because of expenses in their home country ... Which was OK under the old system... suddenly having to shift baht 800,000 to a Thai bank could be difficult or impossible. I shifted baht 800,000 to my bank because I just don't want to deal with chaos of the new "income" method, but it was a pain in the a$$ to do. For other long term retirees it could be impossible. 8 Link to comment Share on other sites More sharing options...
KCPhuket Posted January 25, 2019 Share Posted January 25, 2019 1 hour ago, Puchaiyank said: The 800k baht has been a requirement for retirement visas for years...the embassy income letters have been exposed as a farce...put the money in a Thai bank and move on...or just move. Wondering what type of account holding the 800,000 will qualify? Savings? Fixed? Fund? Thanks Link to comment Share on other sites More sharing options...
Popular Post Spidey Posted January 25, 2019 Popular Post Share Posted January 25, 2019 3 minutes ago, Suradit69 said: for example, but only bringing in a part of that amount because of expenses in their home country Or for the simple reason that they didn't need 65k baht/month to live on. 5 Link to comment Share on other sites More sharing options...
Briggsy Posted January 25, 2019 Share Posted January 25, 2019 2 minutes ago, KCPhuket said: Wondering what type of account holding the 800,000 will qualify? Savings? Fixed? Fund? Thanks My understanding is that they must be liquid, i.e. accessible at short notice, and deposited in a bank. It could be that some immigration offices will not accept certain types of accounts because they appear illiquid even though they are liquid. Link to comment Share on other sites More sharing options...
NoshowJones Posted January 25, 2019 Share Posted January 25, 2019 3 hours ago, glegolo said: To my understanding we all are still waiting for a decision from thai gouverment and a new law that confirm what is valid in order to apply for an extension of stay marriage or retirement. You guys from the "troublesome four" countries have to wait and see there is NO common valid rules as yet... Jst different rules applied on different Imm.officies. So you are wrong I guess and should slow down a bit glegolo "Jst different rules applied on different Imm.officies". That has been the case as long as I can remember, and not just on this occasion. 1 Link to comment Share on other sites More sharing options...
Suradit69 Posted January 25, 2019 Share Posted January 25, 2019 21 minutes ago, marcusarelus said: Wasn't it the British embassy that first pretended that Thai Immigration wanted something new and they could not provide it and the US and Aussies just jumped on board to cut down on work load? And actually it was the British embassy that announced that the Americans were going to do the same thing before the US embassy had announced anything, which seemed preemptively inappropriate and may have forced the US to announce they were following suit sooner than they might have done. It certainly seemed the US embassy made their announcement in an incoherent and half a$$ed way ... more so than their usual half a$$ed performance. 2 Link to comment Share on other sites More sharing options...
stanleycoin Posted January 25, 2019 Share Posted January 25, 2019 23 minutes ago, Spidey said: It's my contention that the British Embassy took the course of action they did because trhey were moving to a new, smaller embassy and this action served to reduce staff and office space required. It's significant that the decision was made as a result of a Foreign Office audit, not a Bangkok Embassy decision. I doubt they will reduce staffing level. More like reduce, there work load. So more time to Toss it off, or dream up more ways to stuff over those traitor Ex-pats. 1 Link to comment Share on other sites More sharing options...
Popular Post luckyluke Posted January 25, 2019 Popular Post Share Posted January 25, 2019 45 minutes ago, PatOngo said: MHO if someone cannot afford to deposit 800,00 baht in an account then they are not ready for retirement! I am a happy pensioner enjoying life. Retired in Thailand since 2000, 70 years old now. Don't have 800000 in a Thai bank, never had. Transfer monthly ca. the equivalent of 75000 ThB and spend them. 5 1 Link to comment Share on other sites More sharing options...
Popular Post NoshowJones Posted January 25, 2019 Popular Post Share Posted January 25, 2019 2 hours ago, Puchaiyank said: The 800k baht has been a requirement for retirement visas for years...the embassy income letters have been exposed as a farce...put the money in a Thai bank and move on...or just move. Another member of "if you don't like it go home" brigade. 11 2 Link to comment Share on other sites More sharing options...
Popular Post NoshowJones Posted January 25, 2019 Popular Post Share Posted January 25, 2019 1 hour ago, PatOngo said: IMHO if someone cannot afford to deposit 800,00 baht in an account then they are not ready for retirement! What a load of nonsense. 11 Link to comment Share on other sites More sharing options...
Popular Post luckyluke Posted January 25, 2019 Popular Post Share Posted January 25, 2019 Pretty sure there are people with 800000 in the bank, spending 30000 a month or less, and being happy. And then some like myself, spending more, no money in the bank and being happy. To each his own, but ridiculous to pretend that the only right way is the one which one has personally chosen. 7 2 Link to comment Share on other sites More sharing options...
alex8912 Posted January 25, 2019 Share Posted January 25, 2019 18 minutes ago, possum1931 said: What a load of nonsense. So how much should someone retired have in the bank according to you? So many emergent things could arise after 60 and even more after 70. How much do you think people need? 800k is a bargain and I think it will go higher soon IMHO. 1 Link to comment Share on other sites More sharing options...
Pattaya46 Posted January 25, 2019 Share Posted January 25, 2019 1 hour ago, KCPhuket said: Wondering what type of account holding the 800,000 will qualify? Savings? Fixed? Fund? From my experience in Pattaya : - Saving and Fixed accounts are accepted for the 400/800k - Fund or Stock Exchange account not accepted (because available only at Day+1 or latter) 1 Link to comment Share on other sites More sharing options...
Popular Post KhunBENQ Posted January 25, 2019 Popular Post Share Posted January 25, 2019 2 hours ago, onera1961 said: Not for other countless embassies that are still issuing "income letter" A German friend from Jomtien was there on Fri, Jan 4th. He had his income confirmation(!) from the German consul and a bankbook for the missing amount (untouched since years). No problem, no questions. Picked up his extension the following Monday. Confirmation: German consulate/honorary consulates always required documents to proof income which is easy for pensioners. 4 1 Link to comment Share on other sites More sharing options...
luckyluke Posted January 25, 2019 Share Posted January 25, 2019 5 minutes ago, alex8912 said: So many emergent things could arise after 60 and even more after 70. How much do you think people need? A decent insurance can help. To each his own here also, living some time longer but nearly like a vegetable or enjoying life completely till... I know what I have chosen. 1 1 Link to comment Share on other sites More sharing options...
Popular Post NoshowJones Posted January 25, 2019 Popular Post Share Posted January 25, 2019 7 minutes ago, alex8912 said: So how much should someone retired have in the bank according to you? So many emergent things could arise after 60 and even more after 70. How much do you think people need? 800k is a bargain and I think it will go higher soon IMHO. More nonsense, everybodys situation is different, some people can live easily on 30.000 Bt per month, others need 120.000 to fund their barstool and bargirls existance. 10 Link to comment Share on other sites More sharing options...
divali Posted January 25, 2019 Share Posted January 25, 2019 Man man man… Nobody seems to give the correct answer here! Everybody seems to forget one thing: If you want to use the combined method, you still will need from the embassy an affidavit confirming the part that you use as income part. If your embassy does not provide that anymore, of course you cannot use that method anymore, so for retirement extension you will need 800000THB in the bank or proof that you bring 65000THB every month in a Thai bankaccount, as stated in the new regulations! However, I read nowhere what if you have a part of the 800000THB deposited in the bank and bring a part every month in a Thai bankaccount to match requirements which also would make sens to me... For the embassies that still provide the affidavit, nothing has changed! 1 Link to comment Share on other sites More sharing options...
Popular Post KhunBENQ Posted January 25, 2019 Popular Post Share Posted January 25, 2019 (edited) 2 minutes ago, possum1931 said: More nonsense, everybodys situation is different, some people can live easily on 30.000 Bt per month, others need 120.000 to fund their barstool and bargirls existance. +1 65k per month is the income of top government officials, 3 star generals etc. Sure it's peanuts for some incl. the Thai hisos who wine and dine for 10000 Baht. Edited January 25, 2019 by KhunBENQ 4 Link to comment Share on other sites More sharing options...
luckyluke Posted January 25, 2019 Share Posted January 25, 2019 2 minutes ago, KhunBENQ said: 65k per month is the income of top government officials, 3 star generals etc. It depends what country. I am Belgian with a monthly net pension of 2300 Euro ( +/- 82000 ThB ). My pension amount is not in the low level, but definitively not in the highest level. Link to comment Share on other sites More sharing options...
KhunBENQ Posted January 25, 2019 Share Posted January 25, 2019 (edited) 1 minute ago, luckyluke said: It depends what country. I am Belgian with a monthly net pension of 2300 Euro ( +/- 82000 ThB ). My pension amount is not in the low level, but definitively not in the highest level. Oops! Of course I refer to THAI government officials. Just to give a scale to the requirement on foreigners. Edited January 25, 2019 by KhunBENQ 1 Link to comment Share on other sites More sharing options...
Tanoshi Posted January 25, 2019 Share Posted January 25, 2019 3 hours ago, jesimps said: In my opinion it's the embassies' fault, viewing your docs or swearing an affidavit is a verification. All the embassies had to do was issue a letter saying that they'd verified your income as per the docs, or verification provided. I'm sure half the embassies still issuing letters don't do a verification at source, The Australian and US Embassies did nothing more than 'certify' your signature on the 'Affidavit' or 'Stat Dec'. They took no responsibility that your statement of income was correct. The BE on the other hand could 'certify' that from documents and form presented as proof of income to the best of their knowledge and capability the letter and stated income was correct. To 'verify' the income, as per Immigrations choice of word, would mean not accepting the original documents presented as being genuine, but in checking with the various organisation who issued the letters, that the letter and it's contents were actually genuine. (The documents have been 'verified' as being genuine and original). Data protection laws prevent this without your written permission. What is interesting to note is that the new order for acceptance of letters of income, use the word 'certified', not 'verified'. The other Embassies continue to state, we 'certify that Mr xxxxx' and appear acceptable to Immigration. For all we know, after the big 3 pulled out, perhaps Immigration got the message and realised 'verification' was perhaps impossible and the wrong choice of word and changed the requirement to 'certify'. 'Certify' and 'verify' are two completely separate legal terms and have different implications under EU and UK law. The BE withdrew the income letters, because to continue to issue them under the false and misleading assumption the information supplied had been 'verified' could have led to legal implications, if not legal action. The US and Australia would have had to revert to the methods used by the BE and other Embassies, had Immigration at the time requested 'certification' as opposed to their then chosen word of 'verification'. 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted January 25, 2019 Share Posted January 25, 2019 (edited) 4 minutes ago, luckyluke said: I am Belgian with a monthly net pension of 2300 Euro ( +/- 82000 ThB ). The average pension in Germany (state pension for non government employees/workers) is in the 1200 Euro region. Far from the required 65k Baht. Edited January 25, 2019 by KhunBENQ 1 1 Link to comment Share on other sites More sharing options...
Popular Post Jingthing Posted January 25, 2019 Popular Post Share Posted January 25, 2019 11 minutes ago, divali said: Man man man… Nobody seems to give the correct answer here! Everybody seems to forget one thing: If you want to use the combined method, you still will need from the embassy an affidavit confirming the part that you use as income part. If your embassy does not provide that anymore, of course you cannot use that method anymore, so for retirement extension you will need 800000THB in the bank or proof that you bring 65000THB every month in a Thai bankaccount, as stated in the new regulations! However, I read nowhere what if you have a part of the 800000THB deposited in the bank and bring a part every month in a Thai bankaccount to match requirements which also would make sens to me... For the embassies that still provide the affidavit, nothing has changed! Ubonjoe has been saying that the combo method without embassy letter is still valid but suggests that immigration is working out the mechanics and communications about that. Personally, my opinion is that combo method without embassy letter is very problematical and for the time being (and maybe forever) I would suggest that expats not expect those to be OK, and instead plan for an 800K bank account seasoned application where embassy letter was never needed. The report that Jomtien isn't even accepting full 65K import applications without embassy letters is of course a red flag as well. However, we have heard at least one report of success at another office using that but that person was lucky enough to already have a record going back 12 months of full imports. 2 2 Link to comment Share on other sites More sharing options...
Pattaya46 Posted January 25, 2019 Share Posted January 25, 2019 (edited) 27 minutes ago, possum1931 said: 40 minutes ago, alex8912 said: So how much should someone retired have in the bank according to you? So many emergent things could arise after 60 and even more after 70. How much do you think people need? 800k is a bargain and I think it will go higher soon IMHO. More nonsense, everybodys situation is different, some people can live easily on 30.000 Bt per month, others need 120.000 to fund their barstool and bargirls existance. Why nonsense? The question - as I read it - is not about the monthly budget, but about "money in the bank". 800k may be the answer if you need it for Extension, but in all cases I think everyone should have 500k minimum immediately available for any "emergency". Edited January 25, 2019 by Pattaya46 is/if 1 Link to comment Share on other sites More sharing options...
Popular Post luckyluke Posted January 25, 2019 Popular Post Share Posted January 25, 2019 3 minutes ago, Pattaya46 said: in all cases I think everyone should have 500k minimum immediately available for any "emergency". Always interesting to read a personal opinion. 1 2 Link to comment Share on other sites More sharing options...
Popular Post NoshowJones Posted January 25, 2019 Popular Post Share Posted January 25, 2019 4 minutes ago, Pattaya46 said: Why nonsense? The question - as I read it - is not about the monthly budget, but about "money in the bank". 800k may be the answer is you need it for Extension, but in all cases I think everyone should have 500k minimum immediately available for any "emergency". In that case so should everyone who comes in to live in the UK or any other western country including the many Thais. Whats for the goose is for the gander. 2 1 Link to comment Share on other sites More sharing options...
ExpatDraco Posted January 25, 2019 Share Posted January 25, 2019 It depends what country. I am Belgian with a monthly net pension of 2300 Euro ( +/- 82000 ThB ). My pension amount is not in the low level, but definitively not in the highest level.While most Belgians have to do with a lot less pension. Consider yourself lucky Luke. 1 Link to comment Share on other sites More sharing options...
noise Posted January 25, 2019 Share Posted January 25, 2019 4 hours ago, jesimps said: In my opinion it's the embassies' fault, viewing your docs or swearing an affidavit is a verification. All the embassies had to do was issue a letter saying that they'd verified your income as per the docs, or verification provided. I'm sure half the embassies still issuing letters don't do a verification at source, the famous four gave in too easily. The old chestnut about people being able to forge docs is valid, but anything can be forged, passports, bank statements, bank letters etc. You have to draw the line somewhere or you go on ad infinitum. Official stamped and signed docs from a persons home country should be considered valid. So should sworn declarations. Embassies are in Thailand for govt to govt political issues. Citizen services is provide only as a courtesy as manpower allows. They do not have the manpower or the where with all to accurately verify anyone's income. If they issue an "validated" income statement that is later proven to be a false declaration on the part of the retiree, their veracity in future political discussion would be suspect. Link to comment Share on other sites More sharing options...
Popular Post marcusarelus Posted January 25, 2019 Popular Post Share Posted January 25, 2019 (edited) 6 minutes ago, noise said: Embassies are in Thailand for govt to govt political issues. Citizen services is provide only as a courtesy as manpower allows. They do not have the manpower or the where with all to accurately verify anyone's income. If they issue an "validated" income statement that is later proven to be a false declaration on the part of the retiree, their veracity in future political discussion would be suspect. The mission of the United States Embassy is to advance the interests of the United States, and to serve and protect U.S. citizens in Thailand. Edited January 25, 2019 by marcusarelus 3 Link to comment Share on other sites More sharing options...
alex8912 Posted January 25, 2019 Share Posted January 25, 2019 43 minutes ago, possum1931 said: More nonsense, everybodys situation is different, some people can live easily on 30.000 Bt per month, others need 120.000 to fund their barstool and bargirls existance. It’s not nonsense many here have poor or no health insurance and require expensive care that baht in the bank could pay for. If all you have is a measly pension after 30 or 40 years of work it means you were completely unprepared for your end of life. You can nonsense all you want but don’t you think hospitals here see old patients on a weekly or maybe even daily time line that can’t afford an operation they need or worse had? The police find old people who have fell down or slipped and broke some bone after being found by them a day or two later and can’t afford a hospital. The reason 800k is set is for some people’s own insurance. Thailand can’t afford such nonsense. Who cares if you get by on 30k the average person spends way more than that. You just don’t see the whole picture and seem to live in your own me me me bubble. Soon it will be over 800k required. Just wait or better yet SAVE! 1 1 Link to comment Share on other sites More sharing options...
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