Proof of income for retirement visa

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frank1957
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Proof of income for retirement visa

Post by frank1957 » Mon Sep 11, 2017 6:38 pm

Hi, can anyone tell me if you provide proof of income when going for a retirement visa do the authorities try to tax you on your income

sateeb
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Re: proof of income

Post by sateeb » Mon Sep 11, 2017 6:44 pm

No they don't.
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Re: Proof of income for retirement visa

Post by RCer » Mon Sep 11, 2017 7:13 pm

No tax, just verification.

handdrummer
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Re: Proof of income for retirement visa

Post by handdrummer » Mon Sep 11, 2017 10:26 pm

Keep in mind the whole thing is a farce, as the embassy approves whatever you say your income is and the Thais accept whatever the embassy paper says, so when the amount gos up, as it will in the future, just change the amount on the document.

HHTel
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Re: Proof of income for retirement visa

Post by HHTel » Tue Sep 12, 2017 1:09 am

The above does not apply to the British Embassy where income has to be proven by supporting documents. The US Embassy on the other hand is just a sworn affidavit.

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laphanphon
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Re: Proof of income for retirement visa

Post by laphanphon » Tue Sep 12, 2017 2:14 am

Also take what HD suggests as knowingly committing an illegal act if submitting a false notarized affidavit.

If so, thank you for making it harder for the rest of us, when the numbers of those caught add up and they change the policy. I wish yanks had to verify, and I'm a yank.

Also consider, this affidavit is a legal document, and available to the US IRS, so it should match your tax filings. Stating more than you earn, just might get you an audit. Trust me when I say, if they audit you, it's a hassle, and they won't do it for just one year. Can go 5 years back if filed, unlimited if haven't, along with the future audits. They will tax money you claim you made.
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handdrummer
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Re: Proof of income for retirement visa

Post by handdrummer » Tue Sep 12, 2017 2:07 pm

laphanphon, I'm retired and I don't receive enough money to be taxed and I'm satisfied with an affidavit. I have no love for any government and am quite happy to not give them my money to spend killing people around the world. As long as I'm not a burden on the Thai govt. and pay my bills why would they care how much money I have?

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Re: Proof of income for retirement visa

Post by Peroni » Thu Sep 14, 2017 4:27 pm

Sorry if this is a little off subject, but does the fact that you own a house built on leased land, with lease payment made up front, go toward your income for a retirement visa?

John :cheers:

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Nereus
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Re: Proof of income for retirement visa

Post by Nereus » Thu Sep 14, 2017 4:48 pm

Peroni wrote:
Thu Sep 14, 2017 4:27 pm
Sorry if this is a little off subject, but does the fact that you own a house built on leased land, with lease payment made up front, go toward your income for a retirement visa? John :cheers:
Erm, no mate, I doubt that you will have any luck making that fly. The whole idea is show funds to live on.
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Re: Proof of income for retirement visa

Post by Peroni » Fri Sep 15, 2017 6:16 am

But if you take the need to pay rent out of the equation, then the amount of ready cash for day to day living is greatly reduced. Another aspect of the need to have a specified amount in the appropriate bank account is that is must stay there, so how is it funds to live on?
Maybe I need more time in Thailand to fully understand local logic. :banghead:

John :cheers:

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Re: Proof of income for retirement visa

Post by RCer » Fri Sep 15, 2017 7:34 am

Peroni wrote:
Fri Sep 15, 2017 6:16 am
Maybe I need more time in Thailand to fully understand local logic. :banghead:

John :cheers:
Don't waste time or effort trying to find logic in government.

Its a government just like every other government on earth.

Logic is never considered, its about power and control.

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Re: Proof of income for retirement visa

Post by Nereus » Fri Sep 15, 2017 9:24 am

Another aspect of the need to have a specified amount in the appropriate bank account is that is must stay there, so how is it funds to live on?
Simply because it is considered as the funds required to live on for the next year as you are given a 1 year extension.

Your can take all of it out of the Bank the same day as you get your extension. Just have next years funds in the Bank 90 days before your apply for an extension.
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404cameljockey
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Re: Proof of income for retirement visa

Post by 404cameljockey » Fri Sep 15, 2017 9:28 am

Nereus is correct, the only way that owning a house will reduce your income need is if the immigration officer has an income need at the time you sit in front of them.

There is apparently another way that the funds (not your own) can magically appear in your bank account one day and be gone once the visa is approved.

But I know nothing about that naturally. I actually show monthly pension income.

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Re: Proof of income for retirement visa

Post by caller » Sun Sep 17, 2017 3:50 pm

mathewperry wrote:
Sun Sep 17, 2017 2:46 am
The embassy approves whatever you say your income is and the Thais accept whatever the embassy paper says, so when the amount gos up, as it will in the future, just change the amount on the document. :D
It's been said elsewhere on here, but the British Embassy require proof of pension.
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Re: Proof of income for retirement visa

Post by HHTel » Sun Sep 17, 2017 4:21 pm

:agree:

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