Retirement extension funds

[Tocher]

Has anyone tried, successfully or otherwise, to show the required 800,000 Baht split between two or more accounts.

[Rooo]

Moved to Visa section.

[Mario2008]

That should not be a problem, and is not against the rule.

But if you want specific information, best to tell which immigration office you want to know about.

[ubonjoe]

From reading your removed post you seem to be at Samui.

I don't recall any post of it them not accept more than one account. But all of them must be your name only and the total balance to never of dropped below 800k baht for 90 days. You will need a bank letter for each of them plus updates of the bank books,

They may not be very happy abut having the got through more than one bank book to check the balances for 90 days.

[samuijimmy]

From reading your removed post you seem to be at Samui.

I don't recall any post of it them not accept more than one account. But all of them must be your name only and the total balance to never of dropped below 800k baht for 90 days. You will need a bank letter for each of them plus updates of the bank books,

They may not be very happy abut having the got through more than one bank book to check the balances for 90 days.

I would pop into Samui immigration and ask Khun Nok.... and pass that by him, before your period starts....

He does tend to make life difficult for some.... but not everyone....

You may have to catch him, while he has a smoke break!

[Tocher]

From reading your removed post you seem to be at Samui.

I don't recall any post of it them not accept more than one account. But all of them must be your name only and the total balance to never of dropped below 800k baht for 90 days. You will need a bank letter for each of them plus updates of the bank books,

They may not be very happy abut having the got through more than one bank book to check the balances for 90 days.

Yes I'm on Samui. I originally posted this on the Samui forum so didn't think I would have to specify which immigration. The post was moved here by one of your helpful colleagues on Thai Visa.

I would have thought that if both accounts were with the same bank one letter confirming both accounts and a combined balance of 800,000 + would suffice. I get your point about them not being happy checking two account books though.

I exist only to make life as easy as possible for immigration officers (on samui).

[Tocher]

From reading your removed post you seem to be at Samui.

I don't recall any post of it them not accept more than one account. But all of them must be your name only and the total balance to never of dropped below 800k baht for 90 days. You will need a bank letter for each of them plus updates of the bank books,

They may not be very happy abut having the got through more than one bank book to check the balances for 90 days.

I would pop into Samui immigration and ask Khun Nok.... and pass that by him, before your period starts....

He does tend to make life difficult for some.... but not everyone....

You may have to catch him, while he has a smoke break!

Stop it, my sides are splitting......pop into Samui immigration........ ask Kuhn Nok....... no really stop!......interrupt his smoke break.....smiley face with a wink........honestly, tears are streaming down my face.

gawd bless you samuijimmy I haven't larfed so much in years.

[samuijimmy]

From reading your removed post you seem to be at Samui.

I don't recall any post of it them not accept more than one account. But all of them must be your name only and the total balance to never of dropped below 800k baht for 90 days. You will need a bank letter for each of them plus updates of the bank books,

They may not be very happy abut having the got through more than one bank book to check the balances for 90 days.

I would pop into Samui immigration and ask Khun Nok.... and pass that by him, before your period starts....

He does tend to make life difficult for some.... but not everyone....

You may have to catch him, while he has a smoke break!

Stop it, my sides are splitting......pop into Samui immigration........ ask Kuhn Nok....... no really stop!......interrupt his smoke break.....smiley face with a wink........honestly, tears are streaming down my face.

gawd bless you samuijimmy I haven't larfed so much in years.

Well it could be better than him telling you that you need to go to Penang, and get a O visa! if he's not happy when you do your report!

I know it's a bit of a chore, but....

My!..... I have not been blessed by gawd in I don't know how long!

[Jingthing]

I can't speak for Samui but as said it is not explicitly stated in national rules that the funds need to be in one account. Yes it is more work for the officer, which could be scary if they're having a grumpy day. I have been told multiple times at Jomtien this would be OK but have yet to actually try it.

[evadgib]

It might be easier to apply for one of these by post instead of placing yourself in a vulnerable position. Their turnaround rate is 7 days door to door.

https://www.gov.uk/government/publications/how-to-obtain-a-pensionincome-letter-for-thai-immigration

HTH

[khunPer]

Yes, no problem at Samui if the total is more than 800k and all accounts seasoned. Sometimes the otherwise kind immigration officer complained that I had a lot of bankbooks, because he need a calculator to check...

I'm normally a kind person, so now I hold 800k in one specific account – the immigration officer is – and another to show regular inflow from abroad to cover living costs. Adviseable when stay here on Retirement Extension to have little more than 800k in total (not all seasoned, only the 800k) and that you can cover (at least part of) resonable living costs with foreign transfers.

[Tocher]

Yes, no problem at Samui if the total is more than 800k and all accounts seasoned. Sometimes the otherwise kind immigration officer complained that I had a lot of bankbooks, because he need a calculator to check...

I'm normally a kind person, so now I hold 800k in one specific account – the immigration officer is – and another to show regular inflow from abroad to cover living costs. Adviseable when stay here on Retirement Extension to have little more than 800k in total (not all seasoned, only the 800k) and that you can cover (at least part of) resonable living costs with foreign transfers.

Thank you KhunPer. A detailed reply from someone who has clearly had experience of Samui immigration. The 800,000 in one a/c and another for living costs is the way I've been going for the last 5 years.

The reason I wanted to split the money is that the 800,000 is in an account that pays 2.35 %, and accrues more than the 20,000 Baht tax free interest, thus I payed 15 % tax on this years total interest (just short of 3,000 Baht). When I opened the account I was told that I would only pay tax on the interest above the 20,000 threshold but what the heck TIT.

Having the money split between two accounts would avoid this.

I think I'll split the money for most of the year then increase one a/c to 800,000+ three months before my extension application. Should keep everyone happy.

Thanks again KhunPer.

[ubonjoe]

If you go to the revenue department office and apply for tax identification number you can avoid having the interest being deducted.

It is also possible to apply for a refund of the taxes deducted.

[Tocher]

If you go to the revenue department office and apply for tax identification number you can avoid having the interest being deducted.

It is also possible to apply for a refund of the taxes deducted.

Hello ubonjoe.

Well that certainly sounds interesting. Assuming I can locate the correct department ( I have a feeling it may be in Surat Thani rather than Samui) do you know on what grounds I can claim tax exempt status?

Splitting the accounts will enable me to avoid paying the tax but if I can solve the problem the way you suggest I'd be happier.

Thanks

[ubonjoe]

There is an office on Samui.

Ko Samui Area Revenue Branch Office

Surat Thani 84140 Tel. 0-7742-1306

Info on tax ID number: http://www.rd.go.th/publish/21987.0.html

[Tocher]

There is an office on Samui.

Ko Samui Area Revenue Branch Office

Surat Thani 84140 Tel. 0-7742-1306

Info on tax ID number: http://www.rd.go.th/publish/21987.0.html

Thanks, I'll look into this further.

[Gweiloman]

When I first applied for my retirement visa, I deposited cash Thb 800,000 into my bank account. I found out later that this was unacceptable and it had to be funds transferred from overseas (which I promptly did).

Does anyone know if this is also the case for the extension of stay? Can I deposit cash into my account or does the funds have to be transferred from overseas?

[ubonjoe]

When I first applied for my retirement visa, I deposited cash Thb 800,000 into my bank account. I found out later that this was unacceptable and it had to be funds transferred from overseas (which I promptly did).

Does anyone know if this is also the case for the extension of stay? Can I deposit cash into my account or does the funds have to be transferred from overseas?

You must of been doing a conversion to get a non immigrant visa. That is the only time you have to show proof the funds came from abroad.

For extensions it is not required.

[Mario2008]

For an extension of stay the money does not have to come from abroad. Only when you do a conversion do you ned to rpoof that the money in the bank came from abroad.

[watcharacters]

I can't speak for Samui but as said it is not explicitly stated in national rules that the funds need to be in one account. Yes it is more work for the officer, which could be scary if they're having a grumpy day. I have been told multiple times at Jomtien this would be OK but have yet to actually try it.

.

I'd feel absolutely dreadful if I asked an officer at immigration to do more than his usual standard job. Since to date, I've never paid for anything other than what was a supposedly free address verification ( no longer available), asking a person to do his duty seems less than over the top to me.

Whatda ya think?

Is the officer woking by the hour or the job? Or is it commissions?

Is the concern about the customer back up in the waiting area., or something else/

I expect a government official to do his job properly and receive a sincere thank you from me for what he's done.

Even exchange...

[Jingthing]

I can see it would definitely be more work for an officer to verify.

One reason I have avoided doing this, but I might need to in future (don't ask).

I do wonder if you prepare a COVER LETTER showing a summary of the combination and seasoning clearly as a reference would be appreciated or not.

Obviously not an official document ... but a way of acknowledging the issue of verification of combining and perhaps even making it easier for them.

[Gweiloman]

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When I first applied for my retirement visa, I deposited cash Thb 800,000 into my bank account. I found out later that this was unacceptable and it had to be funds transferred from overseas (which I promptly did).

Does anyone know if this is also the case for the extension of stay? Can I deposit cash into my account or does the funds have to be transferred from overseas?

You must of been doing a conversion to get a non immigrant visa. That is the only time you have to show proof the funds came from abroad.

For extensions it is not required.

For an extension of stay the money does not have to come from abroad. Only when you do a conversion do you ned to rpoof that the money in the bank came from abroad.

Thank you very much gentlemen