Retiring to Thailand – the new Costa del Sol?

Retiring to Thailand – the new Costa del Sol?

Retiring to Thailand – the new Costa del Sol?

by | Inheritance

Until recently Spain was regarded by many as the perfect climate, economy and culture in which to retire for many Europeans.  They even have bacon, Marmite and Nutella.

But with the changing economic climate people are looking further afield to stretch their pension.  The impact of the weakening Euro and Sterling with the uncertainty of Europe remaining United has soured Spain.  Countries such as Thailand and the Philippines are now creating a retirement visa status.  This will allow foreigners to retire to these tropical locations.

Do your retirement dreams include a beautiful climate, new cultural experiences and a lower cost of living?  You should be thinking about retiring abroad. One destination popular with retirees is Thailand, a small country in southern Asia.  Its known for its natural beauty, pristine beaches, exotic cuisine, temples and friendly people.  There is a large expat population of all ages.

According to International Living, a publishing group that covers living and retiring overseas, Thailand has one of the lowest costs of living in the world.  The tropical climate and cheap living costs, particularly outside of the capital are appealing.  But savings in living be counterbalanced by expensive health insurance.  Comprehensive private health care policies are a must living in SE Asia.

If retirement to a warmer climate is in your plans, make sure you plan your death too.  You will require wills in your country of domicile and residence.  You will need to be familiar with the probate and possible repatriation policy of your new home.  And the taxman will know where you went…..

 

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Jenny Pearson, Consultant, Cambodia

2018-06-05T07:59:04+00:00

Jenny Pearson, Consultant, Cambodia

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2018-06-05T08:37:50+00:00

Jim Swander, CEO, Cambodia

"It was a pleasure to work with Cindy and her team! Even though planning for one’s own death is a project we all can easily put off, it removed an area of stress in my life. I no longer had to wonder if certain people would be taken care of, or where my money would go. Cindy and I worked through the process and she asked a lot of thought provoking questions. The first draft helped me think a second layer down, and made the will more complete. We finalised with her lawyer, signed, witnessed and put away in a safe place, letting my executor know exactly where to find it. I do not hesitate to recommend Cindy’s services."
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2018-06-05T08:42:23+00:00

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