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Retirement Visa 800k, withdrawal rules.


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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

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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.

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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.

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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.

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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.

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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. 

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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 by MJCM
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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.

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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".

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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. ????

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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 by YorkshireTyke
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