Money in the Bank Seasoning

[bluemoon58]

I'm not quite clear on the seasoning for the 800k in the bank for the retirement extension. 

Does it have to remain at 800k for 3 months after the date you've renewed or 3 months after the actual renewal date? 

[DrJack54]

Funds must be in the account based on date of application for extension not date of expiry of permission of stay.

800k two months prior to application and 3 months after application.

Not below 400k in the other months 

[bluemoon58]

32 minutes ago, DrJack54 said:

Funds must be in the account based on date of application for extension not date of expiry of permission of stay.

800k two months prior to application and 3 months after application.

Not below 400k in the other months 

So if I've understood you correctly Dr Jack, my expiry this was 18th October but I renewed quite early this year on 3rd September, does that mean I can use some of the funds from 3rd December as opposed to 13th January? 

[DrJack54]

3 minutes ago, bluemoon58 said:

I renewed quite early this year on 3rd September, does that mean I can use some of the funds from 3rd December as opposed to 13th January? 

Correct.

Note for others: by applying early you do not lose days. The 12 month extension is from the expiry date.

The seasoning side of using funds in the bank is based on application date. 

[bluemoon58]

3 hours ago, DrJack54 said:

Correct.

Note for others: by applying early you do not lose days. The 12 month extension is from the expiry date.

The seasoning side of using funds in the bank is based on application date. 

Thanks a lot. 

[Liquorice]

16 hours ago, bluemoon58 said:

So if I've understood you correctly Dr Jack, my expiry this was 18th October but I renewed quite early this year on 3rd September, does that mean I can use some of the funds from 3rd December as opposed to 13th January?