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Alternate investments of 800k retirement funds?

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Packer Apprentice Member

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What is the best paying Thai bank account for one's 800k retirement extension funds? What is the best % per annum?

 

1% p/a = 8,000.

-1900 extension fee

= 6,100

 

Agents can handle extensions for 14,000 without needing to keep these funds in a Thai bank. 

 

But I'd like to keep it in Thailand. 

 

Can buy a small apartment for 800,000. Rental income around 4000 per month after common fees are paid.

 

Full occupancy 48,000.

-14,000

= 34,000

Minus whatever maintenance needs to be done, usually not a lot.

 

75% occupancy (9 months. Sitting unrented for 3 months)

36,000

-14,000

= 22,000.

Minus any maintenance. 

 

Now, other Thai investment options paying annual dividends such as the SET?

 

 

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JohnnyBD Advanced Member

JohnnyBD

Posted
Posted
18 minutes ago, Packer said:

Agents can handle extensions for 14,000 without needing to keep these funds in a Thai bank. 

Forgive me for going off topic, but can you explain how agents get the 1-year extensions without the 800k in the bank. I would really like to know how that works. Thanks.

DrJack54 Star Member

DrJack54

Posted
Posted
7 minutes ago, JohnnyBD said:

Forgive me for going off topic, but can you explain how agents get the 1-year extensions without the 800k in the bank. I would really like to know how that works. Thanks.

The 800k is deposited and withdrawn. 

The stamps issued at io discretion. 

The funds are not maintained in the bank. 

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Packer Apprentice Member

Packer

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39 minutes ago, Packer said:

Thai investment options paying annual dividends such as the SET?

 

What is the dividend yield of Thai Union?

How much dividend does Thai Union Group PCL pay? Within the last 12 months, Thai Union Group PCL paid a dividend of THB 0.55. For the next 12 months, Thai Union Group PCL is expected to pay a dividend of THB 0.70. This corresponds to a dividend yield of approximately 6.19%

 

Expected dividends 6.19%

49,520

- 14,000 agent fees.

 

35,520.

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Packer Apprentice Member

Packer

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17 minutes ago, JohnnyBD said:

Forgive me for going off topic, but can you explain how agents get the 1-year extensions without the 800k in the bank. I would really like to know how that works. Thanks.

 

The funds are deposited into your bank account.

The immigration officer grants the extension at their discretion. 

The funds are withdrawn.

 

You're welcome. 

JohnnyBD Advanced Member

JohnnyBD

Posted
Posted
15 minutes ago, DrJack54 said:

The 800k is deposited and withdrawn. 

The stamps issued at io discretion. 

The funds are not maintained in the bank. 

Thanks for explaining. 

JohnnyBD Advanced Member

JohnnyBD

Posted
Posted
6 minutes ago, Packer said:

 

The funds are deposited into your bank account.

The immigration officer grants the extension at their discretion. 

The funds are withdrawn.

 

You're welcome. 

Thanks for explaining. 

timendres Platinum Member

timendres

Posted
Posted
26 minutes ago, JohnnyBD said:

Forgive me for going off topic, but can you explain how agents get the 1-year extensions without the 800k in the bank. I would really like to know how that works. Thanks.

 

As some have noted, the agents place funds in your account temporarily, and the IOs do not check on its maintenance.

There is also the case where a senior IO can "waive" the requirement altogether. Not sure how often that actually happens.

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henryford1958 Senior Member

henryford1958

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Posted
50 minutes ago, JohnnyBD said:

Forgive me for going off topic, but can you explain how agents get the 1-year extensions without the 800k in the bank. I would really like to know how that works. Thanks.

 

It's illegal, good luck with that

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Yumthai Silver Member

Yumthai

Posted
Posted
39 minutes ago, DrJack54 said:

The 800k is deposited and withdrawn. 

The stamps issued at io discretion. 

The funds are not maintained in the bank. 

At extension renewal, how about the "800K maintained 2 months prior/3 months subsequent application" rule?

bubblegum Platinum Member

bubblegum

Posted
Posted
41 minutes ago, Packer said:

 

What is the dividend yield of Thai Union?

How much dividend does Thai Union Group PCL pay? Within the last 12 months, Thai Union Group PCL paid a dividend of THB 0.55. For the next 12 months, Thai Union Group PCL is expected to pay a dividend of THB 0.70. This corresponds to a dividend yield of approximately 6.19%

 

Expected dividends 6.19%

49,520

- 14,000 agent fees.

 

35,520.

6 plus % sounds pretty good to me, how does this work?

DrJack54 Star Member

DrJack54

Posted
Posted
7 minutes ago, Yumthai said:

At extension renewal, how about the "800K maintained 2 months prior/3 months subsequent application" rule?

Not required

UWEB Silver Member

UWEB

Posted
Posted
1 hour ago, Packer said:

What is the best paying Thai bank account for one's 800k retirement extension funds? What is the best % per annum?

 

1% p/a = 8,000.

-1900 extension fee

= 6,100

 

Agents can handle extensions for 14,000 without needing to keep these funds in a Thai bank. 

 

But I'd like to keep it in Thailand. 

 

Can buy a small apartment for 800,000. Rental income around 4000 per month after common fees are paid.

 

Full occupancy 48,000.

-14,000

= 34,000

Minus whatever maintenance needs to be done, usually not a lot.

 

75% occupancy (9 months. Sitting unrented for 3 months)

36,000

-14,000

= 22,000.

Minus any maintenance. 

 

Now, other Thai investment options paying annual dividends such as the SET?

 

 

Minus 15% Taxes the Bank will withhold from your Interest. Other options minus Taxes you have to pay.

offset Gold Member

offset

Posted
Posted
2 hours ago, Packer said:

What is the best paying Thai bank account for one's 800k retirement extension funds? What is the best % per annum?

 

1% p/a = 8,000.

-1900 extension fee

= 6,100

 

Agents can handle extensions for 14,000 without needing to keep these funds in a Thai bank. 

 

But I'd like to keep it in Thailand. 

 

Can buy a small apartment for 800,000. Rental income around 4000 per month after common fees are paid.

 

Full occupancy 48,000.

-14,000

= 34,000

Minus whatever maintenance needs to be done, usually not a lot.

 

75% occupancy (9 months. Sitting unrented for 3 months)

36,000

-14,000

= 22,000.

Minus any maintenance. 

 

Now, other Thai investment options paying annual dividends such as the SET?

 

 

 

But if you buy an apartment how are you going to show 800000bhat in the bank to immigration 

 

You should be able to get 1.5% for 12 months

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JohnnyBD Advanced Member

JohnnyBD

Posted
Posted
38 minutes ago, offset said:

But if you buy an apartment how are you going to show 800000bhat in the bank to immigration 

You missed the part about the agent putting the 800k in his bank account temporarily for his 1-year extension.

Packer Apprentice Member

Packer

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Thanks. That's a nice amount. 

 

64,000

-14,000 agent fees

 

50,0000.

 

Are those doing retirement extensions without agents fools? 

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DrJack54 Star Member

DrJack54

Posted
Posted
11 hours ago, Packer said:

Are those doing retirement extensions without agents fools? 

Extensions from a Non O retirement can also satisfy financial requirements by using income method.

The required monthly transfers is 65k.

There is option to money in bank method. 

The money can be used. Not required to be held in bank.

 

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