Retirement extension change from monthly transfer to money in the bank method

[peterh123]

Last year I got my retirement extension based on monthly transfers method, but this year I’d like to change to money in the bank method. Do i need to prove that  I’ve had 800.000/400.000 in my account for the whole period since I got my last extension, or is 3 or 4  most recent months enough? If it matters, the immigration office is Jomtien.

[ubonjoe]

You do not need to meet the 800/400k baht requirement to apply for the extension. You will only need the 800k baht in the bank for 2 months on the day you apply.

They might ask for proof you had been transfering your monthly income. 

[DrJack54]

Personally, I would continue the income method up to date you apply for your next extension. Since you wish to change to money in bank method also season the 800k for 2 months prior to your application date.

In a sense overlap couple of months.

[SooKee]

13 hours ago, DrJack54 said:

Personally, I would continue the income method up to date you apply for your next extension. Since you wish to change to money in bank method also season the 800k for 2 months prior to your application date.

In a sense overlap couple of months.

 

That's what I intend to do.  My thinking is that the last extension was issued with terms and conditions that you need to comply with, taking the statements, bank book and whatever other print outs and letters each year merely shows you complied with those conditions the year before.  Way too risky IMO to just stop doing the transfers on the hope of showing the 2 months balance you need to switch members.

[ubonjoe]

14 hours ago, DrJack54 said:

Personally, I would continue the income method up to date you apply for your next extension.

Correct but I am not sure they would need everything to prove the transfers. A bank book or statement should be enough. Proof they came from abroad and etc should not be needed since he would not be applying on that basis.

[ubonjoe]

11 minutes ago, SooKee said:

 

That's what I intend to do.  My thinking is that the last extension was issued with terms and conditions that you need to comply with, taking the statements, bank book and whatever other print outs and letters each year merely shows you complied with those conditions the year before.  Way too risky IMO to just stop doing the transfers on the hope of showing the 2 months balance you need to switch members.

For the income option there is no written rule that you have to keep transferring the funds after the extension is issued. Not the same as the money in the bank method that states that it must be kept in the bank at a fixed amount for certain amount of time.

[SooKee]

I 

4 hours ago, ubonjoe said:

For the income option there is no written rule that you have to keep transferring the funds after the extension is issued. Not the same as the money in the bank method that states that it must be kept in the bank at a fixed amount for certain amount of time.

 

I appreciate that and I didn't suggest there was.  However, each time you renew on the basis of income you DO have to show that you have been transferring the funds over the last 12-13 months and that's in respect of your last extension.  Personally I wouldn't want to take the risk that they are not going to ask see that proof when you change just because you want to switch to another method, particularly with the entry / exit problems at the moment.  It all depends on what view the IO takes at the end of the day, whether he/she thinks you need to show that you've complied with the requirements of your last extension or whether they will ignore it just because you want to change.  Anyway, that's my 2c, what others do is up to them.