Retirement Extension

[jackspratt]

We (should) all know by now that to get an extension you need TBH800,000 in a Thai bank (for 3 months), or income of TBH65,000 per month, or a combination of the two.

Does anyone have any recent experience of using the combination method, and particularly whether the money (something less than 800k) is required to have been in the bank for 3 months.

Thanks

jack

[jackspratt]

We (should) all know by now that to get an extension you need TBH800,000 in a Thai bank (for 3 months), or income of TBH65,000 per month, or a combination of the two.

Does anyone have any recent experience of using the combination method, and particularly whether the money (something less than 800k) is required to have been in the bank for 3 months.

Thanks

jack

bump

[Penkoprod]

We (should) all know by now that to get an extension you need TBH800,000 in a Thai bank (for 3 months), or income of TBH65,000 per month, or a combination of the two.

Does anyone have any recent experience of using the combination method, and particularly whether the money (something less than 800k) is required to have been in the bank for 3 months.

Thanks

jack

An additional question is.........what kind of ratio between the 2 (lump sum and monthly income) would be acceptable to immigration

For instance, i wonder what the outcome would be if a person left, say 700,000 in the account year after year, which would leave the person only needing to transfer 100,000 per year, or, perhaps 500,000/300,000 (those figures are an example, but you can see what i am getting at?)

Penkoprod

[Krub]

We (should) all know by now that to get an extension you need TBH800,000 in a Thai bank (for 3 months), or income of TBH65,000 per month, or a combination of the two.

Does anyone have any recent experience of using the combination method, and particularly whether the money (something less than 800k) is required to have been in the bank for 3 months.

Thanks

jack

An additional question is.........what kind of ratio between the 2 (lump sum and monthly income) would be acceptable to immigration

For instance, i wonder what the outcome would be if a person left, say 700,000 in the account year after year, which would leave the person only needing to transfer 100,000 per year, or, perhaps 500,000/300,000 (those figures are an example, but you can see what i am getting at?)

Penkoprod

Any combination is fine.

It is reported that the bank balance must be in the account for 3 months prior to application but not always if you are re-applying for a new 1 year (not your 1 one year extension)

It seems to depend on the officer in charge.....

[lopburi3]

You don't have to transfer anything - you can leave your account above 800k and use ATM card to meet expense if you like. You can also keep the money in fixed deposit accounts to earn more interest.

[ProThaiExpat]

As lopburi3 has posted in other threads, there is no three month requirement for bank funds when used in combination with a monthly "pension" letter. In fact, the immigration department website specifically isolates the time requirement to be "on the day of making the application" or words to that effect.