Retirement

[bully]

OK, Since March 2007 I recieve appr. 42 000,= Thb per month for my retirement.

This means for a retirement visa 12 x 42 000 = 504 000,= Thb per year approved by the embassy.

Do I still need 800 000,= Thb on my bankaccount or 800 000,= Thb minus 504 000 = what means 296 000,= on my bank account instead of 800 000,=

And if so do I need to have the 296 000,= on my account for at least 3 month ?

Does anyone has experience with this. Before I used to have a NON Immigrant B ( one year )

Thanks in advance.

[Maestro]

OK, Since March 2007 I recieve appr. 42 000,= Thb per month for my retirement.

This means for a retirement visa 12 x 42 000 = 504 000,= Thb per year approved by the embassy.

1) Do I still need 800 000,= Thb on my bankaccount or

2) 800 000,= Thb minus 504 000 = what means 296 000,= on my bank account instead of 800 000,=

3) And if so do I need to have the 296 000,= on my account for at least 3 month ?

Does anyone has experience with this. Before I used to have a NON Immigrant B ( one year )

In the above quote, I have numbered your questions, in red colour, to facilitate answering them.

1) No.

2) Yes.

3) I have no personal experience with this. My guess is that the answer is “yes”

--

Maestro

[Sophon]

OK, Since March 2007 I recieve appr. 42 000,= Thb per month for my retirement.

This means for a retirement visa 12 x 42 000 = 504 000,= Thb per year approved by the embassy.

1) Do I still need 800 000,= Thb on my bankaccount or

2) 800 000,= Thb minus 504 000 = what means 296 000,= on my bank account instead of 800 000,=

3) And if so do I need to have the 296 000,= on my account for at least 3 month ?

Does anyone has experience with this. Before I used to have a NON Immigrant B ( one year )

In the above quote, I have numbered your questions, in red colour, to facilitate answering them.

1) No.

2) Yes.

3) I have no personal experience with this. My guess is that the answer is “yes”

--

Maestro

I have no personal experience either, but I have seen Lopburi advice on several occasions that when using a combination of pension and deposit, then the deposit doesn't have to be seasoned. And I have complete faith in Lopburi's visa advice.

I do however suspect that there is a "tipping point" where this would no longer be true. If for instance the combination consisted of 60,000 THB pension and 740,000 THB deposit, I would expect that they might consider it in reality being based on deposit, and therefore require the deposit to be seasoned.

Sophon

[ProThaiExpat]

I will post the published regulation regarding "aging" of bank deposits required to fulfill the pension + method of retirement extensions. Perhaps people who are usually knowledgeable, will stop guessing, since their guesses are usually taken as fact by those who hold their opinions in high regard.

PENSION AND BANK ACOUNT

REGULATIONS FOR

NON-IMM-O ONE YEAR EXTENTION

National Police Office Order

No. 606/2006

Para 7.21

“Having annual income

combined with the saving

money in the Bank not less than

800,000 Baht from on the date

submitting the application.”

(English translation)(highlighting ours)

For those needing further verification or substantiation, this translation of the regulation was kindly provided by lopburi3.

Edited August 26, 2007 by ProThaiExpat

[Maestro]

ProThaiExpat, I seem to remember a couple of posts by members who used the combination of income and money in the bank for the retirement extension and did not need the money in the bank for 3 months before application. However, the written rule seems clear but its implementation may depend on the immigration official handling the application for extension.

Therefore, to be sure that he will have no surprise, the OP should have the money – in his case minimum 296,000 Baht – in the account for at least 3 months before his application for extension of stay.

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Maestro

[ProThaiExpat]

Maestro: Another route for OP is to take to make sure is to go to immigration with a copy of the regulation I posted and show it to the officer in the event he is asked to "age" his deposit.

That is what I did, as I wanted to be "sure" and I wasn't 100% trusting of the vagaries of individual immigration officers.

Chiang Mai immigration follows the regulation I posted and it was unnecessary for me to show them their own regulation. I think we should give Thai Immigration the benefit of the doubt that they know their own regulations.

Until we have documented posts that indicate that pension + retirees were required to age their deposits by any given immigration office, I think retirees can safely rely on lopburi3's advice that aging pension + deposits is not required.

[Maestro]

Ah, yes, now that I have I have cleaned my spectacles and read 7.21 once more, this time the translation of the Immigration Bureau, I see that it is crystal clear that when using the combination of income and money in the bank for the retirement extension, the money must be there only on the date of application. Sorry for the wrong information I gave earlier.

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Maestro