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  1. #1
    Forum Regular สมาชิกประจำ
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    Default Pension and visa

    Can anyone tell me if i can at 50 claim my state pension ad move to |Thailand and get it paid there as this is what i have been led to believe also I can get a 50+ visa as the opension would be enough income?

    ash.

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    Forum Antiquity ของโบราณ bifftastic's Avatar
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    No you can't.

    You need to wait until you reach the state pension age, which is currently moving further and further into the future

    The visa, or extension of stay based on retirement that is available in Thailand requires an income of ฿65,000 per month, or a lump sum of ฿800,000 which has been in a Thai bank account in your name, for two months prior to the first (yearly) application, and three months for the following years.

    Given that the current single person's state pension is around the £100 a week mark, that would be somewhere just shy of ฿25,000 per month. Not enough, and you can't have it when you're 50.

    I know you're trying to think of all the ways that you can go and live in Thailand, as you've just got back from an amazing holiday, but you really need to think it all through and have a solid plan.

    Good luck
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    Furniture เฟอร์นิเจอร์ the_link's Avatar
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    You'll also find life easier, when and if you eventually settle in LOS, to be married to a thai national (only slightly though).

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    R.I.P. colin244's Avatar
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    Agree with link as the deposit in a Thai bank halves when married to a Thai national and living in LOS.

    The Retirement visa as its generally known (not the official one) starts at 55.

    You can't get state pension at 50 but some private pensions let you out earlier with seriously reduced benefits but unless you have a vast pension pot (like millions) is probably a non starter.

    Remember your great holiday mate (not that I saw the post) and save hard for the next one

    colin 244

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    Another consideration would be to buy property in Thailand. Though, you would have to purchase this in your partner's/wife's name. So would be based solely on trust.

    I'm sure you are beginning to see the picture, shrek.

  6. #6
    Forum Antiquity ของโบราณ dan&ploy's Avatar
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    Two other possibilities. An education visa - a reputable school will arrange this visa for you if you wish to study in Thailand e.g. Thai language - but you do have to study, not just use it as an excuse to get over here.

    The other possibility if a non-B visa. You can get this visa either because you have a job promised here already or because you wish to come to investigate business opportunities here. Again you have to be honest in your intentions.

    As you are still a youngster, and this is only my opinion, you should look to have some income here. Who knows what will happen with pensions in the UK but something has to give. With the exchange rate uncertain (and almost all things uncertain) if you rely on your pension or savings you could have problems. You could easily have another 30 years ahead of you (although judging by your trip report - probably less than two ), and no-one can predict what will happen over that time period.

    If you are going to come here you want to be 'comfortable'. I know nothing about you or what you do now but I would look at exploiting the skills you have. For example there are lots of management consultancy firms here, (too many!).

    Don't rush it although I know you want to. Plan it properly and you will be here for the rest of your life. Plan it badly and you will be going back with the tale between your legs and penniless.

  7. #7
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    Quote Originally Posted by dan&ploy View Post

    Don't rush it although I know you want to. Plan it properly and you will be here for the rest of your life. Plan it badly and you will be going back with the tale between your legs and penniless.
    Wise words, I could not agree more.

    I can remember your thread (first holiday) In which I posted "do not go overboard as you might need
    the funds to get back out ASAP".
    Before I got back from my first trip I was already planning to get back out, but only for another trip.

    As you have only just got back from your first trip I am not surprised by your desire to settle there.
    I just think your getting ahead of yourself and you need to think things through, there was an "if" regarding
    your bonus wether your holiday was going to happen or not.

    I have to agree with Dan in that you should be looking at what you could do to have some income.

  8. #8
    Forum Antiquity ของโบราณ bifftastic's Avatar
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    Take your time Shrek mate, Thailand isn't going anywhere!

    In my opinion, the best thing to do is to plan for regular trips, as often as possible without bankrupting yourself.

    Get to really know the place, get a good feel of it, learn the language, understand the visa issues (there are many!) learn a little about how the country works, it's very very different (that's one of the reasons that it has it's appeal) and that can be a hard thing to come to terms with in the long term.

    Carry the buzz around with you while you're back in the UK and use that to motivate yourself so that you can start to plan your next adventure. Slowly you will start to get more of an idea about what's possible and what's not.

    I haven't read your trip report, but I am given to understand that perhaps you mostly experienced one particular life-style that is on offer in the Land of Smiles?

    It's not all like that, and whilst there is a lot to be said for the 'good times' scene in any country, when you live somewhere, it's a completely different thing to visiting.

    You will discover so much more of Thailand if you have more visits there. If you jump straight into working and living there, you will find that, just like any place where you have to go to work, you don't have 'the life of riley' that you do when you're on holiday, you haven't got the time!

    By all means have a plan to move there permanently, but I would advise you to take things slowly and let reality open your eyes for you, then you will see the place for what it really is (don't get me wrong, I'm not saying it's not a wonderful country, but there's a lot more to it than you could possibly imagine!) , and then you can go and live there with much more likelihood of success.

    Oh and don't marry the first girl that smiled at you? Try and make it to at least the third one, ok?
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  9. #9
    Premium Member Phetchy's Avatar
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    Quote Originally Posted by colin244 View Post
    The Retirement visa as its generally known (not the official one) starts at 55.
    The minimum age for a retirement extension of a non-immigrant 'O' is 50 Colin, otherwise I'm in trouble!

    Ash, it's early days yet. If I were you, I'd get back over here as soon and as often as you can. Get all the unmentionable-on-the-forum activities out of your system, and then get down to finding the place that you feel you would be happy to retire to (if that is your ultimate goal). As far as work is concerned, if you come over here and finding work is your priority, you may find that your options are limited. As has been mentioned, there are certain things that you can and cannot do. What might be an easier option (if you have the financial means to do it), would be to find the lady of your dreams first and put down some roots, such as sorting out where you are going to live, and giving it enough time to be sure that you have made the right decision (i.e. you've found the right lady and the lifestyle suits you). Don't rush into things if you can avoid it. It took me about three years of living 24/7 with my then g/f before we decided we were ready to marry (it obviously works both ways).

    After you're settled down, you then put your business plan into action. The benefit of this is that the scope of making a living is vastly greater. As I've said, on your own your options are limited - with a wife, between you you can do virtually what you want, as long as everything is in your wife's name. You wouldn't need a work permit because you wouldn't be working. Financing and advising on your wife's business venture isn't illegal. The big thing here though, is if it all goes belly up and you end up going your separate ways, she keeps the business. That's why I said earlier that you need to be sure about your choice of lady and taking your time.

    If you're wise and lucky, there's nothing to stop you making a life for yourself in Thailand. You probably won't make a fortune, but a comfortable lifestyle is possible given forethought and graft (probably in both senses of the word). Just remember to take your time, keep your feet on the ground and be aware of what the consequences of bad judgement might be. Good luck.

    Quote Originally Posted by bifftastic View Post

    I know you're trying to think of all the ways that you can go and live in Thailand, as you've just got back from an amazing holiday, but you really need to think it all through and have a solid plan.
    - Quite right Biffo, and trying to rob a jewellers in Dagenham is not the way to do it.

    http://news.sky.com/home/uk-news/article/16117625
    Last edited by Phetchy; 29th Nov 2011 at 05:00. Reason: crossed in the post with Biff. He types faster than I do.

  10. #10
    Forum Antiquity ของโบราณ bifftastic's Avatar
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    Quote Originally Posted by Phetchy View Post

    - Quite right Biffo, and trying to rob a jewellers in Dagenham is not the way to do it.

    http://news.sky.com/home/uk-news/article/16117625
    To be fair, that was my first attempt, I think it would be harsh to judge me until I've had some more practice!
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  11. #11
    Premium Member Phetchy's Avatar
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    I wasn't suggesting................

    Fair play to the bloke with the brush!

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    Forum Antiquity ของโบราณ bifftastic's Avatar
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    Quote Originally Posted by Phetchy View Post
    I wasn't suggesting................

    Fair play to the bloke with the brush!

    Basil?
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  13. #13
    Forum Antiquity ของโบราณ dan&ploy's Avatar
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    Nice Prunella Scales impersonation, Biffy.

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    Member สมาชิก mikeybrum62's Avatar
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    would also add that if any of us are lucky enough to reach state retirement age then a full state pension is conditional on having enough years of National Insurance contributions (30 years). In addition, if you retire outside of the EU, the pension is exempt from yearly increases in RPI or CPI (whatever cost of living increase they now use).

    Since the country is broke and the government are trying to reduce pensions per se, I would expect that pension age will be pushed back over the years and benefits decreased. At 49, my current state pension age is now 66. I expect that I will be 'chasing' my pension age to the point where i probably wont get it. No doubt if I reach 66 the pension age will then be 76.

    Try not to rely on the state pension. Try not to rely on a public sector pension. try not to rely on a private pension. In fact unless your a government minister, middle to high ranking civil servant or a banker you may as well live for today

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    Member สมาชิก mikeybrum62's Avatar
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    ****would you adam an' eve it******
    just turned on the news and my state pension age is now 67....... &*ck &%l%ox $h**

  16. #16
    Furniture เฟอร์นิเจอร์ the_link's Avatar
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    I wholeheartedly agree that you really should get the wild side bit over and done with, shrek.

    As with anywhere in the world there is also a dark side to the LOS, as I'm sure you are aware, but it would be easy to let your guard down while you're riding the crest of a wave.

    Get half a dozen trips under your belt, travelling the length and breadth of Thailand for a more broad outlook and you'll be glad you did.

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    Forum Antiquity ของโบราณ bifftastic's Avatar
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    Quote Originally Posted by mikeybrum62 View Post
    ****would you adam an' eve it******
    just turned on the news and my state pension age is now 67....... &*ck &%l%ox $h**
    I know! me too
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  18. #18
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    Not me but still be peanuts when and if I ever get there

    colin 244

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    Premium Member Gary & Nok's Avatar
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    Quote Originally Posted by mikeybrum62 View Post
    At 49, my current state pension age is now 66. I expect that I will be 'chasing' my pension age to the point where i probably wont get it. No doubt if I reach 66 the pension age will then be 76.
    Try this Gov Site, it will work out your State Pension Age etc.
    I currently have 14 years and 4 days to go at the moment!
    Bye Bye EU Day 31st December 2020 (11 p.m.)

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    36 years and 4 months......Noooooooooooooo!!!!!

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