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.