Thailand Named #1 Destination in Asia for Global Retirees

BANGKOK (NNT) - Internationalliving.com has ranked Thailand the best destination in Asia and the 11th best in the world in its 2022 global retirement index.

According to the website, the rankings and indices are based on various factors including the cost of living, food, medical cost, visa convenience, weather, things to do, tradition, and culture.

The website said Thailand has always been popular among retirees from around the world because the country does not offer only beaches and other beautiful natural attractions but also convenient places as well as friendly locals.

Bangkok, Chiang Mai, and Hua Hin of Prachuap Khirikhan are the top 3 cities among retirees. Foreigners can choose to live for different costs of living starting from 1,000 US dollars or around 33,000 baht per month.

Thailand is also well-known for its affordable and high-quality healthcare which is one of the first things retirees seek for healthy and secure living after retirement, while applying for and obtaining a long-stay visa is also easy and fast.

Meanwhile, this year’s top 10 countries for retirement are Panama, Costa Rica, Mexico, Portugal, Ecuador, Colombia, France, Malta, Spain, and Uruguay.

Source - ASIAN NOW

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BBC says Thailand is among 7 top places in the world to live after retiring

Thailand is among the world's top seven countries for retirees to live as it has everything they need and want to make retirement life affordable, according to BBC. 

A travel article written by BBC’s author Rob Budden this week said a growing number of pensioners are seeking far-flung destinations.

They’re lured by hours of sunshine, a slower pace of life, favourable tax rates, and the prospect of a more fulfilling lifestyle where their income goes much further than it does at home.

Considered carefully, retiring abroad can deliver all of the above without compromising home comforts or quality healthcare, he wrote.

He then guided seven best countries to retire from from tropical towns in Thailand to coastal comforts in Central America where he said they have it all.

The seven best places to live after retirement are Panama, Ecuador, Malaysia, Spain, Malta, Portugal, and Thailand.

For Thailand, he wrote that “Known as the “The Land of Smiles”, Thailand offers expats retiring here plenty to smile about — a low cost of living, tropical clime, culture that respects older people plus no tax on RETIREE income from abroad.

International Living magazine ranked the country as one of the cheapest in its cost of living index, buoyed by competitive property prices. Eating out remains reasonable with a typical Pad Thai lunch available from just $1.

As well, the country’s retirement visa, which is renewable annually, 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.

While the UK Foreign and Commonwealth Office rates many private hospitals in Thailand equivalent to western standards, it says standards at local  hospitals can vary. Retirees should therefore budget to pay for local health insurance.

Further he wrote that a low cost of living, no tax on retiree income from abroad, a tropical climate and a culture that respects the elderly — what’s not to like in this retirement destination known as “The Land of Smiles”

Thailand is also the land of affordable living, according to International Living magazine. It ranked the country as the second least-expensive in its cost of living index, 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. A Pad Thai lunch can be had for $1.

However, you should budget to pay for local health insurance as, while the UK Foreign and Commonwealth Office rates many private hospitals to western standards, the group notes that standards at local hospitals vary, he noted.

Source: Thaibps

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