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BANGKOK 19 February 2019 02:03
alohatodon2

Setting the record straight - by '90 year-old Don'

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Well best of luck Don. I hope you have made the right choice.

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Hell Don ... we left the UK for good in 2007 ..decided not a good place to get old in ... my wifes exact words ... 

 

Whatever you think of the rule changes, if you can accept them, this place is okay for your latter years  BUT YMMY of course.

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1 hour ago, BritTim said:

Have you been in Thailand continually for 36 years on a retirement extension? If so, you would qualify for the grandfathered rule that would only require 20,000 baht (income) transferred into a Thai bank per month. I doubt your living costs would be much less than that.

maybe he used the pension letter etc, you are just picking holes where there are no holes. 800 k invested in a property fund after tax which makes 5% compunded over 10 years is nearly 550k earnings, thats the sort of money people will lose now with new rules and who knows what other rules will come, and maybe the insurance rule, which is interesting because the building that houses immigration et al at chaeng wattana is owned by a thai insurance company.

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rules are rules, if you were side stepping the rules before by making a false declaration, and now its not possible to do, either break more rules by overstaying or go back to home country and claim all you are entitled to.

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Good luck Don. It's very obvious from your OP you have retained all your marbles. There is an aged care facility in Chiang Mai that costs about 45,000 baht/month. NancyL probably has more details.

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7 hours ago, alohatodon2 said:

you will see that I did not say "forces expat".  That is someone else's word and an interpretation of what I actually said which was, simply, "I am leaving". 

To be fair, this is what you were quoted as saying:

"At 90 years of age I will now have to move out of Thailand because of new immigration requirements."

 

"Have to" isn't dissimilar in meaning to the word "forces" that was used in the original story and headline. Assuming you were quoted accurately, I think they presented your case pretty well.

 

That said, thanks for your account, it showcases some of the realities of immigration's ill thought through approach. Wish you the best of luck. 

 

 

 

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47 minutes ago, KittenKong said:

This isn't correct. My 800kB is on time deposit with a Thai bank which is currently paying me 2.5%/year interest. And I can even reclaim the 15% withholding tax deducted from that interest.

 

2.5% is a better rate of interest than I can get in the UK or EU, and since I brought that money here my home country's currency has decreased in value by 20% or more (well over 50B then and barely 40B now). So it doesnt seem so bad to me. 

I agree KK it's not a bad place to put your money but the problem is you can't touch it (if you use the 800k method for a visa). So the money is in effect lost until you die or leave Thailand.

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