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New financial regulations for retirees: Nearly a third of expats may have to leave - but half on Facebook say they're off!

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Its not so much the ones that are in Thai now but for future farangs, Cambodia might be a better option to get a start, if they need to get away from the micro-management of their home country.

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For my two baht worth, I think there are a lot of tempests in a teapot blowing about.
I agree with Sheryl; have your grump, then get on with life.😊
No doubt there is some pain-in-the-arsery connected with the new regs, but really, once you have adapted, are things really that much more difficult? At least for those of us who really do have the required income.
800,000 is a bit of a stretch for me to plonk down all at once, so I do the "income method".
As has already been established there will be leniency shown for the twelve months deposit evidence because the rules were not firmed up in time to begin that before implementation.
Pain in the neck is that a greater part of my income is paid out quarterly, so I have to let two thirds of it sit in my US Credit Union and remember to transfer the required amount to my Bangkok Bank account, which shows it as an international transfer.
A bit more wieldly than a once a year amble to the embassy for an essentially meaningless (this is why they discontinued them) letter, but overall doable.
Once "she who must be obeyed" says "I do" at the amphoe office I will arrange direct deposit of my Social Security, which nicely covers the married income requirement.
Just a couple of thoughts for those who might be able to use them.🙂

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Just now, crazykopite said:

12years ago. You could do this as you only had to deposit your money in on the morning of application but these days I would have thought this impossible as the 800,000 has to be in for 3 months so where do you get 1 week from . Anyway I don’t believe your theory it is more than likely they the Government want as much money in the bank as they can and this is a way of doing it even Thais like to keep a lot of money hidden in a hole in the floor or under the mattress.

Next month you'll have to house if for 5 to 6 months - and after that you can spend half of that before starting the seasoning again - good luck 🙂

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4 minutes ago, kingstonkid said:

I really do not see the panic.  maybe it is because I have the funds.  The reason for this is obvious to me and has nothing to do with the being anal.  it is simply their way of making it harder for the non-legit people to beat the system.  I find it hard to believe that when we do our 90-day report we are going to have to show a bank statement.  The work to ddo that will be crazy.  

 

The people that re leaving are the ones that can not and do not have themeans to support themselves legally.

 

To them I say bye bye

 

I would imagine every time you do a 90 day report you will have to show your bank statement as well as a confirmation letter from the bank at 200 baht a time ( nice little earner forthe banks )

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2 hours ago, NCC1701A said:

yeah, and I'm having sex with two blondes in a Ferrari tonight.

before me i trust. i love sloppy seconds

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