{"id":224,"date":"2017-10-30T16:15:38","date_gmt":"2017-10-30T09:15:38","guid":{"rendered":"https:\/\/www.pacificprime.co.th\/blog\/?p=224"},"modified":"2018-02-08T14:19:57","modified_gmt":"2018-02-08T07:19:57","slug":"retirement-in-thailand-info","status":"publish","type":"post","link":"https:\/\/www.pacificprime.co.th\/blog\/retirement-in-thailand-info\/","title":{"rendered":"Retirement in Thailand: what you need to know about settling abroad"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">With the cost of care forever rising and many young families finding it tough to get by financially, many parents are now reconsidering their retirement plans. For some, extending their career past the retirement age might be a necessary path. Others are looking at downsizing and liquidating large assets in order to reduce their need for support from their adult children. A growing number of couples, however, are looking beyond their country\u2019s borders to see what potential and opportunities lie in retiring abroad. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Retirement in Thailand has been the solution for many expatriates already. Settling down in your later years might seem like something from the movie <\/span><i><span style=\"font-weight: 400;\">The Best Exotic Marigold Hotel<\/span><\/i><span style=\"font-weight: 400;\">, but it\u2019s actually a reality for many foreign retirees already. There\u2019s a whole host of good reasons to consider the Land of Smiles as your retirement destination. This week, Pacific Prime Thailand explains what you need to know if you think putting your feet up in this paradise might be for you.<\/span><\/p>\n<style type=\"text\/css\"><!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><\/style>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:[null,0],&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\"><div class='code-block code-block-5' style='margin: 8px 0; clear: both;'>\n<p><a href=\"https:\/\/www.pacificprime.co.th\/compare-quotes\/?campSource=PPTH-Blog&utm_source=blog&utm_medium=content_banner&utm_campaign=Blog_Banner&utm_content=general\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-414\" src=\"https:\/\/www.pacificprime.co.th\/blog\/wp-content\/uploads\/2024\/07\/Blog-Banner_Thailand_3.jpg\" width=\"1138\" height=\"493\" \/><\/a><\/p><\/div>\n<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Why retire in Thailand?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There\u2019s a lot to like about Thailand if you\u2019re weighing up retirement locations. While most expatriates in the country are still of working age, approximately <\/span><a href=\"http:\/\/www.ms.ipsr.mahidol.ac.th\/ConferenceXI\/Download\/Book\/447-IPSR-Conference-A12-fulltext.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">7% of foreigners<\/span><\/a><span style=\"font-weight: 400;\"> living in Thailand were aged 60 and older. Chief among them were Chinese, British, Japanese, Indian, and German expats, with a significant population of migrants also coming from neighbouring Southeast Asian nations. If you\u2019re wondering why you should follow these expats to the Land of Smiles, here are a few quick reasons:<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Lower cost of living <\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Affordable housing and transport costs are what make Thailand one of the <\/span><a href=\"https:\/\/www.thethailandlife.com\/cost-living-thailand\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">cheapest places to live<\/span><\/a><span style=\"font-weight: 400;\"> in Southeast Asia. While imported food can be a bit more expensive, and branded clothing and luxury items also pricey, local options can help you stretch your budget out much further than you might in your home country. In fact, the cost of living in Thailand is <\/span><a href=\"https:\/\/www.expatistan.com\/cost-of-living\/country\/comparison\/united-states\/thailand\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">43% cheaper<\/span><\/a><span style=\"font-weight: 400;\"> than in the United States, and <\/span><a href=\"https:\/\/www.expatistan.com\/cost-of-living\/country\/comparison\/united-kingdom\/thailand\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">47% cheaper<\/span><\/a><span style=\"font-weight: 400;\"> than the UK. <\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Weather and location<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The beaches of Thailand are legendary, with places like Rawai, Ao Nang, and Karon being listed by <\/span><a href=\"https:\/\/en.tripadvisor.com.hk\/TravelersChoice-Beaches-cTop-g293915\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">TripAdvisor<\/span><\/a><span style=\"font-weight: 400;\"> as having some of the best in the country. While monsoon season can last from July to October, the rest of the calendar can be used for making the most of the country\u2019s beaches and islands, exploring the countryside and traditional cultural sights, or getting swept up in the buzzing lights of the cities. <\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Thailand as a travel base<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">While Thailand has its own treasures to discover and experience, the cost of travel in Southeast Asia is so ridiculously affordable, you\u2019d be silly not to get out of Thailand now and again. With countries like Laos, Cambodia, Vietnam, and the Philippines nearby, there\u2019s a reason why aviation experts are predicting that the region will <\/span><a href=\"http:\/\/www.atimes.com\/article\/boom-times-crowd-southeast-asian-skies\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">account for 10%<\/span><\/a><span style=\"font-weight: 400;\"> of new jet sales over the next two decades. <\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Easy transition for foreigners<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Despite being half a world away, Thailand can be a refreshing surprise when it comes to visitors with concerns about language barriers and settling-in worries. Many local Thais in metropolitan areas will <\/span><a href=\"http:\/\/www.investopedia.com\/articles\/personal-finance\/092415\/7-reasons-why-americans-retire-thailand.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">speak English well<\/span><\/a><span style=\"font-weight: 400;\">, particularly in the southern half of the country. As well as friendly locals, Thailand is also host to more than 20 million visitors a year, with a number of well-established expat communities and support groups around the country. <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Where are the popular places to retire in Thailand?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Expats choosing to spend their retirement in Thailand can choose anywhere in the country, although you\u2019ll often find them in the <\/span><a href=\"http:\/\/www.investopedia.com\/articles\/personal-finance\/041615\/top-7-cities-retiring-thailand.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">following locations<\/span><\/a><span style=\"font-weight: 400;\">:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bangkok, the buzzing cosmopolitan capital<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Chiang Mai, the northern home of outdoor adventure <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Phuket, perfect for beach lovers and nightlife<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Hua Hin, a small fishing village with a strong expat community<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Chiang Rai, the rural home for those looking for more affordable peace and quiet<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Of course, the entire country is your oyster, and where you choose to settle will depend on you. Keep in mind, gaining approval to stay in Thailand is important, but the process can be fairly straightforward.<\/span><\/p>\n<blockquote><p>\u00a0A Retirement Visa will also require that you report your stay every 90 days to the Immigration Police<\/p><\/blockquote>\n<h2><span style=\"font-weight: 400;\">Visa requirements for retirement in Thailand<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Applying for a <\/span><a href=\"http:\/\/www.thaiembassy.com\/retire\/retire.php\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Retirement Visa<\/span><\/a><span style=\"font-weight: 400;\"> takes four steps. The first is applying for a non-immigrant visa through the Thai consulate. This step requires proving that you have adequate funds to cover your costs in the country, which means showing proof of:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A bank account holding THB 800,000 (USD 24,000); or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A monthly income of at least THB 65,000 (USD 1,950); or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A combination of both (Bank account + 12 months of income = THB 800,000)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Once this is approved, you will also need to obtain a one-year Retirement Visa &#8211; which you need to be 50 years of age or older, have a Thai bank book, and have a letter from your Thai bank to apply for. You\u2019ll also need to provide photos, a departure card, and your passport. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You will also need to secure an Extension of Stay (EoS) <\/span><b><i>and<\/i><\/b> <span style=\"font-weight: 400;\">Re-entry Permit (RP) for your time in Thailand. People may often confuse the two as being the same document, however, your EoS controls the date in which you are legally allowed in Thailand, while your RP simply allows you to leave and come back before your EoS date without issue. Otherwise, leaving Thailand without an RP will automatically invalidate your EoS. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Finally, a Retirement Visa will also require that you report your stay every 90 days to the Immigration Police, and verify your address. Employment is also forbidden on a Retirement Visa in Thailand.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What else should I consider before I pack my bags?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Retirement in Thailand can be a beautiful experience, as it should be. However, it doesn\u2019t change the fact that our later years are where we experience the most medical risk. Those of us who worked hard, physical jobs may notice stiffening joints and bones, while others might be concerned about family hereditary conditions more so than when they were younger. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The good news is that we\u2019ve written a lot about the healthcare system and options in Thailand; we ought to, we\u2019re health and wellbeing experts. If you\u2019re wanting more information on what medical services are like in the Land of Smiles, check out our other blog posts:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.pacificprime.co.th\/blog\/2017\/06\/13\/need-thailand-health-insurance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Do I need health insurance?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.pacificprime.co.th\/blog\/2017\/10\/23\/costs-of-healthcare-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">What are the costs of healthcare in Thailand?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.pacificprime.co.th\/blog\/2017\/04\/24\/best-healthcare-in-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Where do I find the best healthcare in Thailand?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.pacificprime.co.th\/blog\/2017\/03\/14\/different-types-health-insurance-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The different types of health insurance in Thailand<\/span><\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In a nutshell, Thailand is a great place for healthcare services in Southeast Asia. The country has long been a destination for international medical tourism, and investment into the sector has been high, allowing the country to maintain a good reputation. The public sector provides adequate care, but the private sector is generally a lot more developed and advanced. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cost of healthcare in Thailand is usually a lot less expensive than in, say, the United States, where a <\/span><a href=\"http:\/\/medicaltourism.com\/Forms\/price-comparison.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">heart bypass<\/span><\/a><span style=\"font-weight: 400;\"> can cost USD 123,000. The same procedure costs only USD 15,000 in the Thailand. Procedures like hip replacements, knee replacements, and cataract surgery can all be between 40-60% cheaper in Thailand. This is great news in terms of cost comparison, however actually having to pay it out-of-pocket can seriously dent your retirement savings. <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Securing health insurance for your retirement in Thailand<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Many retirees in Thailand avoid being lumped with medical expenses by securing comprehensive medical insurance. There are a wide range of local and international insurers to choose from, as well as a number of different policies that can provide medical coverage solely within Thailand, or even ones that will additionally cover you during travel around the rest of Southeast Asia, or even back to your home country for visits. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Premium prices can be flexible, as can your coverage and benefit limits. Seeking insurance through a reputable and experienced broker, such as <\/span><a href=\"http:\/\/www.pacificprime.co.th\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pacific Prime Thailand<\/span><\/a><span style=\"font-weight: 400;\">, can take the hassle out of trying to understand the Thailand health insurance market, and leave you more time for planning your retirement, or just enjoying your days. For a free quote, or some free, no obligation advice, <a href=\"https:\/\/www.pacificprime.co.th\/contact-us\" target=\"_blank\" rel=\"noopener\">contact<\/a> the team at Pacific Prime Thailand today!<\/span><\/p>\n<style type=\"text\/css\"><!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><\/style>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:[null,0],&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\"><div class='code-block code-block-6' style='margin: 8px 0; clear: both;'>\n<p><a href=\"https:\/\/www.pacificprime.co.th\/compare-quotes\/step-one\/?campSource=PPTH-Blog&utm_source=blog&utm_medium=cta_banner&utm_campaign=Blog_Banner&utm_content=quote\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-417\" src=\"https:\/\/www.pacificprime.co.th\/blog\/wp-content\/uploads\/2022\/05\/PPTH_Gen_01.jpg\" alt=\"Get a Quote CTA Banner\" width=\"1138\" height=\"493\" \/><\/a><\/p><\/div>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the cost of care forever rising and many young families finding it tough to get by financially, many parents are now reconsidering their retirement plans. For some, extending their career past the retirement age might be a necessary path. Others are looking at downsizing and liquidating large assets in order to reduce their need &#8230;<\/p>\n","protected":false},"author":3,"featured_media":225,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[10],"tags":[433,14,205,19,18,434,285,56,286,282,283,284,288,287],"class_list":["post-224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-expat-insurance","tag-ban_gen","tag-buying-health-insurance","tag-cost-of-health-care","tag-cost-of-health-insurance","tag-cost-of-health-insurance-in-thailand","tag-cta_gen","tag-elderly-insurance","tag-health-insurance-thailand","tag-insurance-in-thailand","tag-retirement","tag-retirement-in-thailand","tag-retirement-insurance","tag-retirement-visa","tag-retirement-visa-in-thailand"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Retirement in Thailand: What you need to know before you relocate<\/title>\n<meta name=\"description\" content=\"A retirement in Thailand can be a stress-free, amazing time. Before you pack your bags, check out our hand info on what you should know before you go!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pacificprime.co.th\/blog\/retirement-in-thailand-info\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retirement in Thailand: What you need to know before you relocate\" \/>\n<meta property=\"og:description\" content=\"A retirement in Thailand can be a stress-free, amazing time. Before you pack your bags, check out our hand info on what you should know before you go!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pacificprime.co.th\/blog\/retirement-in-thailand-info\/\" \/>\n<meta property=\"og:site_name\" content=\"Pacific Prime Thailand&#039;s Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-30T09:15:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-02-08T07:19:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i1.wp.com\/www.pacificprime.co.th\/blog\/wp-content\/uploads\/2017\/10\/20171030_PPTH_RetireThaiBanner.jpg?fit=600%2C300&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"luther\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"luther\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Retirement in Thailand: What you need to know before you relocate","description":"A retirement in Thailand can be a stress-free, amazing time. 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