Grandfather Rule

[glegolo]

May I ask you guys who knows!! I have been on retirement extensions all the time since october 2008 up till now!! When will I be qualified for that Grandfather Rule you think???

 

Is it still in place??

 

thank you,

glegolo

 

 

Stunningly, under the new order the old provisions that people who have been living in Thailand for continually on a retirement visa since before Oct 21, 2008 can still apply under the exact same conditions that they were first approved.

[ubonjoe]

2 minutes ago, glegolo said:

Oct 21, 2008

It is 1998 not 2008.

This is the rule.

"6) An alien who entered the Kingdom before October 21, 1998 and has been consecutively
permitted to stay in the Kingdom for retirement shall be subject to the following criteria:
(a) Must be 60 years of age or over and have an annual fixed income with funds maintained in
a bank account for the past three months of no less than Baht 200,000 or have a monthly income of
no less than Baht 20,000.
(b) If less than 60 years of age but not less than 55 years of age, must have an annual fixed
income with funds maintained in a bank account for the past three months of no less than Baht
500,000 or have a monthly income of no less than Baht 50,000."

Source: https://www.immigration.go.th/content/service_22

[glegolo]

9 minutes ago, ubonjoe said:

It is 1998 not 2008.

This is the rule.

"6) An alien who entered the Kingdom before October 21, 1998 and has been consecutively
permitted to stay in the Kingdom for retirement shall be subject to the following criteria:
(a) Must be 60 years of age or over and have an annual fixed income with funds maintained in
a bank account for the past three months of no less than Baht 200,000 or have a monthly income of
no less than Baht 20,000.
(b) If less than 60 years of age but not less than 55 years of age, must have an annual fixed
income with funds maintained in a bank account for the past three months of no less than Baht
500,000 or have a monthly income of no less than Baht 50,000."

Source: https://www.immigration.go.th/content/service_22

thank you, I am now aware, I will probably be more dead than alive,, if I ever catch up yearwise with this.

 

glegolo

[JackThompson]

2 hours ago, glegolo said:

thank you, I am now aware, I will probably be more dead than alive,, if I ever catch up yearwise with this.

 

glegolo

You would need a time-machine to go back and apply before that year.  They don't move that date forward as years pass. 

 

That rule exists, because the money "in the bank" option was 200K back then, and at the time they first raised the required-funds, they were honoring the idea that "retirement extension" conditions should not change for those Already Here and Retired - as that would be incredibly unfair and cruel.  They have since re-considered, and decided it is ok to change the money-rules, mid-retirement, on those who came after the requirement reached 800K.

[mahtin]

On 6/9/2020 at 6:02 PM, JackThompson said:

it is ok to change the money-rules, mid-retirement, on those who came after the requirement reached 800K.

Did I miss something?

They're not upping it again, are they?

[JackThompson]

4 hours ago, mahtin said:

Did I miss something?

They're not upping it again, are they?

The number didn't change from 800K, but you now must have it at that number 2 mo before and 3 mo after, and no less than 400K the rest of the year.  Bummer if you cashed out 800K to live on, every year.

 

And, if using income, many reports of new difficulties at many offices since the rule-changes - proof of "pension" required, with other income not permitted - or those paid on a non-monthly income-schedule (pension or other), which the IOs will not accept.  As usual, it varies wildly from one office to the next. 

 

The one constant, is that all the financial requirements and other "undocumented requirement" problems go away with agents - and the rule-changes increased agent business (as designed).

[BritTim]

10 hours ago, mahtin said:

Did I miss something?

They're not upping it again, are they?

The most important changes (in practice) are for those who have previously used an income letter from their embassy but can no longer do so. In the past, all income, whether brought into Thailand or not, and whether it was a similar amount each month, qualified for the required 65,000 baht per month. Now, those who cannot get an income letter, must ensure that 65,000+ baht is transferred into their Thai bank account each and every month. If you have financial commitments in home country (such as health insurance or child support) you must transfer the money to Thailand and then transfer it back to home country to meet your home country commitments. Skipping one month (accidentally or deliberately) and transferring 130,000 the next month is not allowed, and makes applying for your next extension impossible (without using agents). Similarly, you need to be sure that all transfers can be shown to have come from abroad. This makes some methods for transferring money into Thailand inexpensively unusable.

[asiamaster]

On 6/9/2020 at 3:47 PM, ubonjoe said:

It is 1998 not 2008.

This is the rule.

"6) An alien who entered the Kingdom before October 21, 1998 and has been consecutively
permitted to stay in the Kingdom for retirement shall be subject to the following criteria:
(a) Must be 60 years of age or over and have an annual fixed income with funds maintained in
a bank account for the past three months of no less than Baht 200,000 or have a monthly income of
no less than Baht 20,000.
(b) If less than 60 years of age but not less than 55 years of age, must have an annual fixed
income with funds maintained in a bank account for the past three months of no less than Baht
500,000 or have a monthly income of no less than Baht 50,000."

Source: https://www.immigration.go.th/content/service_22

I entered before that date but was on a Non B visa first, and from 2004 onward retirement. I'm 65 now. Do I qualify?

 

[ubonjoe]

5 minutes ago, asiamaster said:

I entered before that date but was on a Non B visa first, and from 2004 onward retirement. I'm 65 now. Do I qualify?

 

No

6 minutes ago, asiamaster said:

6) An alien who entered the Kingdom before October 21, 1998 and has been consecutively
permitted to stay in the Kingdom for retirement shall be subject to the following criteria: