Everything posted by DrJack54
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
I think you should look into that further.
-
Applying for E-VISA and planning to stay for 85 days.
When she departs USA the airline will not require onward flight. Arriving at Thailand immigration will not be interested in any departure. The 30 extension with have zero issues. Obtain TM30 for her as immigration may require that to process her extension.
-
90 Day Count Verification
Yes
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
Very important word in your post is ....." WIFE" Many of us have relationship without the W word.
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
Actually you may be correct. Will check that out.
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
The topic of "what happens to funds in Thai bank after death" without a Thai will in place has many opinions. Threads in "Finance Forum" debate options
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
I use Kasikorn. My WISE transfers so up as FTT.
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
Canada do.
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
I don't think your plan will work. My guess is that you need to show 12 months of transfers AND comply with money in bank rules for the 12 months. So next week when I do my extension (money in the bank) , I will start the monthly transfers. Run the 2 methods in parallel for the next 12 months. Will then use income method when apply for extension 2024..
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
Bit off topic but my guess is that many folk here (myself included) have not included in their thinking ......what happens to the 800k if hit by a bus. Access to those funds for Thai partner (if not married) would be difficult/impossible. Or repatriated to family home country Very little consequences if using income method. At most few baht would be tied up.
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
May I ask. Does your embassy provide "income letter" I'm from Oz and embassy does not provide letter. Next week doing extension money in bank method. At same time will start 100k transfers. Maintain the funds in bank for the next 12 months along with transfer every month. Then will try switch to using income method for extension in 2024.
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
You didn't include Window 3. Transfer 65k+ per month from home country. Personally I use 800k+ all year round in bank and of course I require 100k+ per month to live on. My option is stupid. I should be using income method. Will switch at some point.
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
Welcome to ignore. Will let someone else try and educate you. Try Google "opportunity cost" It's economics 101. Edit: I did it for you... "op·por·tu·ni·ty cost nounECONOMICS the loss of potential gain from other alternatives when one alternative is chosen. "idle cash balances represent an opportunity cost in terms of lost interest"
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
As stated above. You are off topic and posting nonsense. For just one example....Myself. My beloved Thai partner of 10 years would have no access to the 800k in Thai bank account in my name only when I pass. Yes one can make a will but that also takes time. A solution is income method and the other is agent. Something I will do in future. Your simplistic approach of .... "It costs 1900b ..." is silly.
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
Have a coffee you are making zero sense
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
The other option is to use monthly transfers . After all one does require money to live off. Another bonus of using agent or income method is that 800k not locked in a bank and difficult for Thai partner to access
-
Why are UK expats still doing the 800K deposit for retirement extensions ?
That's not the point that the OP referring to. It's the opportunity cost of having the 800k earning very little in Thai bank A/C vs Having that amount in much better investment. Most simple example having money in super fund in own country. Approx 8%
-
Forgot to 90 day report. 9 days overdue. What happens now?
For 90 report the weekends count. He is 9 days overdue..
-
Forgot to 90 day report. 9 days overdue. What happens now?
Not much point of making an urgent trip to immigration. You will be fined 2k. If you have something coming up at immigration such as next extension etc you could leave it till then.
-
90 Day Count Verification
Nup. You are referring to 90 report in person. The fine would be 2000b
-
Retirement visa in country
You are just making stuff up. I obtained the 5 year TDL from 2 yr TDL at Chatuchak in April. Could not have been more simple. Not one reason for an agent. I speak zero Thai. Office staff there very helpful It does (at that time) involve one trip to make appointment and next day attend for test. Guess what ...it's a 2 day process even with agent.
-
Money requirements for retirement visa
Is your post serious! Granted can be difficult to open a Thai bank account with only a tourist visa. After bank account is opened the banking side of extensions is basically irrelevant. Actually I'm doing my extension next week at CW.. The banking aspect is child's play. Go to bank lower lever request "Bank Letter" 100b Make small deposit and ask them to photocopy photocopy last page of bank book. Bank Statements if needed 200b. Kasikorn can do it on the spot. Bangkok bank do not. Done! In my book Bangkok bank not best option now that more immigration offices are asking for Bank Statements. Seems to me that you know very little regarding extensions based on retirement. Walk in the park.
-
Retirement visa in country
The OP did not ask about agents. Rather he posted that he has obtained several "retirement extensions" he means extensions based on retirement. The OP would be well aware of option of using an agent. The peanut gallery of few posters seem to want to push personal preference of what suits them.
-
Renew 1 year extension of retirement visa problem?
You will need to have stamps, visa info transfered to new passport prior to applying for next extension. You can do it on same visit. TM30 shouldn't be required if returning to same residence as before