Thailand Is Tops For Retirement
For those of you from abroad who have lived in Thailand for any length of time you won’t be surprised to learn that the ‘Land of Smiles’, as it is affectionately and correctly called, is considered to be among the world’s top seven countries to retire to.
It’s slower pace of life, year round sunshine, low tax rates, interesting and fulfilling lifestyle choices that don’t compromise home comforts, with quality healthcare that equals western standards but at much more affordable prices, is the big draw, and this conclusion comes from no less than the internationally respected British Broadcasting Company the BBC.
Rob Budden (writer for the BBC) listed the seven best places to live in after your retirement as: Panama, Ecuador, Malaysia, Spain, Malta, Portugal, and of course Thailand.
He wrote, “Known as the “The Land of Smiles”, Thailand offers expats retiring here plenty to smile about; a low cost of living, tropical climate, a culture that respects older people plus no tax on retiree income from abroad.”
Thailand is also ranked by International Living magazine as having competitive property prices and as one of the cheapest in its cost of living index.
It went on to say that the “Land of smiles” is also the Land of affordable living, pointing out that an “over-the-top” luxury two-bedroom condo with great views can be rented for less than 40,000 baht ($1,200) per month and eating out remains reasonable with a typical Pad Thai (Fried Noodles) lunch available from just $1.
For those for you considering retiring to Thailand listed below are a few details that you may want to know.
A retirement visa in Thailand is renewable annually and is available to all retirees with monthly pensions of 65,000 Thai baht ($1,800) or to pensioners depositing 800,000 baht ($22,125) in a Thai bank account.
The UK Foreign and Commonwealth Office rate many private hospitals in Thailand as equivalent to western standards, but it went on to point out that standards in local hospitals can vary and therefore Retirees should make allowances for local health insurance in their budget.
If your chosen retirement destination is the coastal resort of Pattaya on the Gulf of Thailand, which attracts six million visitors a year to its bustling vibrant city then, although it is not considered to be a romantic hideaway in Thailand it is however, cheap.
The Vision, a 23-storey apartment block is offering studio flats for as little as little as 38,440 US Dollar or you could splash out for a one-bedroom flat that’s twice the size, for 67,890 USD it also has a swimming pool.