Thread: BIG Changes to banked money method for retirement extensions.

Originally Posted by Boon Mee

Yeah, me too. The alternatives don't add up.

I don't have a choice,my root's are so DEEP,the only alternative will be [when the time comes] is the trip to the KNACKERS YARD.

Originally Posted by headhunter

my root's are so DEEP

...so, you've been deeply rooted then...

All the moaning....

Whack 800k into a fixed account and immigration officers suddenly turn from probing, untrusting, snide, assholes into quasi-efficient administrative functionaries intent on getting you out of their office so they can fuck over the next whining Brittle sitting uncomfortably in the seat behind you.

It's the money they want to see. Nothing more.

Originally Posted by Texpat

It's the money they want to see.

...I hate agreeing with a persistently vexatious homophobe, but there it is: even a stopped clock is right twice a day...

Originally Posted by Texpat

It's the money they want to see. Nothing more.

I've always thought that they like to see you squirm.

UPDATE TO EXTENSIONS USING BANKED MONEY METHOD

Had a friend go to Chaengwattana and get a yearly extension based on retirement using the 800K baht banked money.

They got the full year extension and only had to sign a paper stating they understood the money needed to stay in the account 3 months after the extension was granted AND that the balance for the rest of the year wouldn't drop below 400K baht.

Evidently ALL the vetting as far as IF you follow those terms will be done NEXT YEAR when you apply for your new yearly extension.

Todd, any comment or knowledge about this from february 22nd?

GRANDFATHER RULE

Stunningly, under the new order the old provisions that people who have been living in Thailand for continually on a retirement visa since before Oct 21, 2008 can still apply under the exact same conditions that they were first approved.

Under this “grandfather rule”, applicants who are over 60 still only need to show that they either have B200,000 in a Thai bank, or receive at least B20,000 income per month.

Likewise, applicants under the same grandfather rule who are 55-60 years old can apply showing that they have B500,000 in Thai bank account or an income of B50,000 a month.

For these people there is no option to provide a combination of monies to reach any special target, Col Acheep explained.

They must have the money in the bank or receive the required monthly income; they cannot add them together to try and reach any special figure, he said.

However, there is no minimum balance required to be kept in a Thai bank account, he noted.

https://www.thephuketnews.com/holdin...SZQI9mLQC3U.97

Originally Posted by taxexile

Todd, any comment or knowledge about this from february 22nd?

Yep they posted a correction because they got it wrong. The date you have had to be here on unbroken extensions of stays was Oct 21st 1998..

thanks for that.

Thai immigration. Making shit up since forever, because they can.


...... at the discretion of the immigration officer ......

There’s a plot for nice farang Thai soap opera right there, but sadly, no media opportunity for Big Joke to make a splash.

Originally Posted by toddaniels

UPDATE to people getting their retirement extensions based on banked money from the immigration office in Jomtien .

They are now giving people a paper that states a return date of 3 months where you come back and show the 800K baht is still in the bank account.

AFAIK; this is the ONLY office that is doing this. In Bangkok they don't do anything. Just give you the year extension and make sure you understand the terms.

Is there anything stopping SeekingAss destitute friends living in the slums of Pattaya but applying for their extension in Bangkok or you have to apply in the province you live in?

Originally Posted by Switch

media opportunity for Big Joke to make a splash.

Yup, splish splash...

https://humanlife.asia/the-top-cop-on-his-rise-and-plans-for-expats-and-visa-good-guys-in-bad-guys-out/

01/16/2019 - The Top Cop on his Rise and Plans for Expats and Visa…Good Guys in Bad Guys Out!…

Lt. Gen. Surachate Hakparn “I can guarantee it will be easy to apply and live here”

Thai Easy – now what more could you ask for?

If you understand the origins of the Royal Thai Police as revenue collectors for the tax department, all this makes more sense.
They have far less interest in traffic safety, public safety, border control or drugs and firearms than they do collecting money from people.

Thais evolve at about 1/10th the rate of other humans.

^^^^^as always, thanks todd.

Originally Posted by buriramboy

have to apply in the province you live in

At the immigration office area of coverage you live in.

Originally Posted by Texpat

Thais evolve at about 1/10th the rate of other humans.

Rumour has it that you're luk khrueng.

Whoever typed that up mush've been pr'ee drunk...

Originally Posted by Phuketrichard

asked in Phuket today about the report back to show 800,000 3 months after and the head honcho said it will be "randomly "applied.

Didn't push it as to what criteria they would apply to who would need report back
so guess no one here will know until they do their application.

they can start with all of us that have our retirement [800k] in fixed accs.over eg.mine hasn't been touched for over 7yrs.as for the 90day reports[say F all] is the best.

if you get the letter the day before, then update your book, or make a small deposit and update at any atm machine/local branch on your way to the immig. office.

thats how it works in hua hin.

even when i turn up in the afternoon with my bank certification done that same morning, they make me go to a nearby branch and make a small deposit and update my book.

they said maybe after getting my letter in the morning, i could have taken all the money out of the account.
i said i could drain my account on the way home from here, to which they replied "well at the time we renewed your visa the money was in the account".

there is neither rhyme nor reason to their logic.

Originally Posted by taxexile

there is neither rhyme nor reason to their logic.

Sure there is...

Originally Posted by Pragmatic

I've always thought that they like to see you squirm.

Originally Posted by bowie

Yup, splish splash...

https://humanlife.asia/the-top-cop-on-his-rise-and-plans-for-expats-and-visa-good-guys-in-bad-guys-out/

01/16/2019 - The Top Cop on his Rise and Plans for Expats and Visa…Good Guys in Bad Guys Out!…

Lt. Gen. Surachate Hakparn “I can guarantee it will be easy to apply and live here”

Thai Easy – now what more could you ask for?

I have just completed my retirement visa in another ASEAN country. Much simpler, much cheaper and no overhanging hassles. Happy to give full details to worthy posters via pm.