Retirement Visa 800k, withdrawal rules.

[YorkshireTyke]

Good day

 

Looking for an expert to clarify this rule, I can't find any info on the immigration website.

 

I deposited my 800k 11 years ago and never let this account fall below 800k, I have other accounts for daily useage.

 

Early next month I need to buy a car with money transferred from the UK, however, when I transferred cash in Oct I got 43.4, now its 40.4 which is about 1,000 GBP difference on 800k car.

So if the exch rate does not increase by 1st February, rather than take the hit I thought about using my retirement visa money and top that back up if and when the exch rate improves which will give it longer to increase from 40.4 ish.

 

I know the rules have changed since I first moved here but not taken much notice as I had the 800k permanently here.

 

One website has stated I need to leave the 800k for 3 months after my latest extension, 28th Oct, so can withdraw 29th January, but must not fall below 400k and be back to 800k 2 months before expiry so 27th August . Can anyone confirm these are the Thailand immigration rules? I don't want to make an error and fall foul of the laws after 11 years here.

 

TIA

[KannikaP]

That is correct, and has been for quite a long time.

[YorkshireTyke]

3 minutes ago, KannikaP said:

That is correct, and has been for quite a long time.

Thank you, but I don't remember having to leave a balance of 400k 11 years ago when I got my original visa.

 

Here's hoping the exch rate rises in the next few weeks so I don't need to bother.

[DrJack54]

58 minutes ago, YorkshireTyke said:

Thank you, but I don't remember having to leave a balance of 400k 11 years ago when I got my original visa.

That's correct. Years ago there were different rules.

What you outlined in your OP is the current rules. 

[KannikaP]

20 hours ago, YorkshireTyke said:

Here's hoping the exch rate rises in the next few weeks so I don't need to bother.

Keep on hoping Yorkshireman, it's not going to happen.

[brianthainess]

20 hours ago, YorkshireTyke said:

I can't find any info on the immigration website.

No surprises there. . I met someone at immigration this week told me the same, I told him to visit this site, 'but I checked govt site' was it you ? 

[Henryford]

What difference does it make what exchange rate you got 11 years ago? You will have to top up to 800k at whatever rate prevails at the time. It might drop further !!

[Digitalbanana]

13 minutes ago, Henryford said:

What difference does it make what exchange rate you got 11 years ago?

He's from Yorkshire.

[Lemsta69]

I thought it was 2 months prior to application date not expiry date.

[DrJack54]

36 minutes ago, Lemsta69 said:

I thought it was 2 months prior to application date not expiry date.

Prior to application date. 

[Mad mick]

I met American did not have 800000k baht into his Phuket bank account pension  US $ = 65,000 Thai  baht per month proved via his Social security / pension paperwork  was sufficient for 1 year visa lived Thailand now 3 years  via US pension without placing any money from US Bank into  Thai bank account US pension covered his cost of living Thai local immigration no issue being US $ what Thais go off  ! Unfortunately l'm Aussie our age pension is between 43000 to 45000 baht we don't qualify 1 year visas in Thailand . Reason l moved to Philippines where no issues with $s income on pensions etc,. Also renew your visa inside Philippines at local immigration office where or near you reside as tourists stay up to 3 years before having  leave Philippines for 1 Day or  longer & come back Philippines & restart your next 3 years . After 7 months moved Vietnam for change no issues here either ! Other than annoying monthly visa runs =$ 140 US Not cheap from Saigon to Cambodia border & back again mini van visa runs can  continuously do no limits of entry " if you want stay in Vietnam ! presently Vietnam not issuing any 3 monthly visa . I'm about relocate back to Philippines April / May 2023 easier to live and renew visa at your local immigration  office cost approx =$30 US per month 1st month entry free to  Philippines after go  extend 1 month move or move onto  2 months or you can pay 6 months + up to you + on 6 month your paying for Alien card ID for Philippines call foreigners aliens its on your id card + home address where you reside + chip passport number + small pic of yourself ID Card for banking or transfers money to your self ! You dont need carry passport on you anywhere you go like banks ferries to visit other islands etc  holiday trips within Philippines etc. Reason l'm moving back access to visas more welcoming to expats . Vietnam food utilities wifi so cheap compared Philippines + infrastructure far superior. Philippines bonus for myself  obtaining tourist visa  extension simple + Philippines 2cnd language English widely spoken helps. I gave Thailand miss when started making it harder to stay paperwork ongoing house registration this and that Government  flip flop non stop and purely racist against foreigners ! But so welcoming to CCP ..

Edited January 13, 2023 by Mad mick

[YorkshireTyke]

4 hours ago, brianthainess said:

No surprises there. . I met someone at immigration this week told me the same, I told him to visit this site, 'but I checked govt site' was it you ? 

No. 

[YorkshireTyke]

4 hours ago, Henryford said:

What difference does it make what exchange rate you got 11 years ago? You will have to top up to 800k at whatever rate prevails at the time. It might drop further !!

October is 3 months ago, not 11 years you muppet.

 

Ditto Digitalbanana.

[YorkshireTyke]

3 hours ago, DrJack54 said:

Prior to application date. 

I don't understand. Prior to applying to renew my extension? Which will be the day before expiry date so it will be the same or what application date do you mean?

[DrJack54]

13 minutes ago, YorkshireTyke said:

I don't understand. Prior to applying to renew my extension? Which will be the day before expiry date so it will be the same or what application date do you mean?

Not many folk apply for 12 month extension with day remaining on their permission of stay.

At most immigration offices you can apply 30 days early and some such as CW,CM etc 45 days early.

Regarding the 800k in the bank account it is required to be in the account minimum 2 months prior to application date.

Not prior to permit expiry. 

[NoDisplayName]

6 hours ago, YorkshireTyke said:

I don't understand. Prior to applying to renew my extension? Which will be the day before expiry date so it will be the same or what application date do you mean?

Apply one day before expiration?

Not advisable.

Stuff happens you may need a few days to sort out.

[couchpotato]

8 hours ago, Mad mick said:

I met American did not have 800000k baht into his Phuket bank account pension  US $ = 65,000 Thai  baht per month proved via his Social security / pension paperwork  was sufficient for 1 year visa lived Thailand now 3 years  via US pension without placing any money from US Bank into  Thai bank account US pension covered his cost of living Thai local immigration no issue being US $ what Thais go off  ! Unfortunately l'm Aussie our age pension is between 43000 to 45000 baht we don't qualify 1 year visas in Thailand . Reason l moved to Philippines where no issues with $s income on pensions etc,. Also renew your visa inside Philippines at local immigration office where or near you reside as tourists stay up to 3 years before having  leave Philippines for 1 Day or  longer & come back Philippines & restart your next 3 years . After 7 months moved Vietnam for change no issues here either ! Other than annoying monthly visa runs =$ 140 US Not cheap from Saigon to Cambodia border & back again mini van visa runs can  continuously do no limits of entry " if you want stay in Vietnam ! presently Vietnam not issuing any 3 monthly visa . I'm about relocate back to Philippines April / May 2023 easier to live and renew visa at your local immigration  office cost approx =$30 US per month 1st month entry free to  Philippines after go  extend 1 month move or move onto  2 months or you can pay 6 months + up to you + on 6 month your paying for Alien card ID for Philippines call foreigners aliens its on your id card + home address where you reside + chip passport number + small pic of yourself ID Card for banking or transfers money to your self ! You dont need carry passport on you anywhere you go like banks ferries to visit other islands etc  holiday trips within Philippines etc. Reason l'm moving back access to visas more welcoming to expats . Vietnam food utilities wifi so cheap compared Philippines + infrastructure far superior. Philippines bonus for myself  obtaining tourist visa  extension simple + Philippines 2cnd language English widely spoken helps. I gave Thailand miss when started making it harder to stay paperwork ongoing house registration this and that Government  flip flop non stop and purely racist against foreigners ! But so welcoming to CCP ..

I need aspirin after reading that missive...amazing????

[Lucky Bones]

6 minutes ago, couchpotato said:

I need aspirin after reading that missive...amazing????

TLDNR (Too long, did not read.) Asprin not required.????????

[YorkshireTyke]

11 hours ago, NoDisplayName said:

Apply one day before expiration?

Not advisable.

Stuff happens you may need a few days to sort out.

Yes, a few days, less than a week and don't understand why anyone would want to do it 30 days early. Never had a problem in 11 years.

[DrJack54]

3 minutes ago, YorkshireTyke said:

Yes, a few days, less than a week and don't understand why anyone would want to do it 30 days early. Never had a problem in 11 years.

Some folk like to get things "taken care off" out of the way.

Makes perfect sense to me.

The 12 month extension is added to current permission of stay.

No penality for applying early. 

[MJCM]

17 minutes ago, DrJack54 said:

Some folk like to get things "taken care off" out of the way.

Makes perfect sense to me.

The 12 month extension is added to current permission of stay.

No penality for applying early. 

+1

 

Our IO allows 45 day early.

I am doing mine  in early December with the extension due in early Jan. So this year we can have a long stay over Christmas and New Years in Europe.

 

And as @DrJack54 already said, No Penalty or losing days for applying early.

 

Do note: This is for retirement extension and NOT for Marriage extension because then you will have the Under Consideration Period to consider.

 

Edited January 14, 2023 by MJCM
SpElLiNg

[NoDisplayName]

11 hours ago, YorkshireTyke said:

Yes, a few days, less than a week and don't understand why anyone would want to do it 30 days early. Never had a problem in 11 years.

Why wait?  If you can apply 30 (or 45) days before expiration, why put it off?

There's no advantage to waiting until the last few days.

it's just asking for trouble.

[Lemsta69]

15 hours ago, YorkshireTyke said:

Yes, a few days, less than a week and don't understand why anyone would want to do it 30 days early. Never had a problem in 11 years.

I think what you mean is "thank you for pointing out the important distinction between expiry date and application date viz topping up my bank account, I'll note it for future reference".

[YorkshireTyke]

8 hours ago, Lemsta69 said:

I think what you mean is "thank you for pointing out the important distinction between expiry date and application date viz topping up my bank account, I'll note it for future reference".

Yes, thanks, although I wouldn't have left it to the last day to transfer the money back to top up as I would be at the whim of the banks, wise and immigration and if the exch rate hasn't improved in the next 6 months I doubt one more week would make any difference. ????

[YorkshireTyke]

On 1/13/2023 at 10:27 AM, KannikaP said:

Keep on hoping Yorkshireman, it's not going to happen.

42 last night and this morning. Didn't take long.

[KannikaP]

2 hours ago, YorkshireTyke said:

42 last night and this morning. Didn't take long.

Let's see what happens after this Bank collapse, and today's Budget.

[YorkshireTyke]

9 minutes ago, KannikaP said:

Let's see what happens after this Bank collapse, and today's Budget.

Your a jolly optimistic guy to be around................................

 

Besides, the bank collapse was days ago.

Edited March 15, 2023 by YorkshireTyke
Addition

[couchpotato]

On 1/13/2023 at 11:01 AM, Lemsta69 said:

I thought it was 2 months prior to application date not expiry date.

doh....thats the same

[Lemsta69]

2 hours ago, couchpotato said:

doh....thats the same

no, they're not. you can apply up to 30/ 45 days prior to the expiration date depending on the office you use.