Thai immigration reveals new requirements for retirement, marriage extensions (visas)

CO-CO said:
If I want to build my man cave I will transfer 300,000 Baht equivalent in Sterling. It will show as a foreign transaction - if I tell the bank manager that I transferred that from pension monies, will he just accept that.
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There are so many potential variations. Transfer Bht 300,000.00 in the first month and then Bht 45,000.00 for the 11 subsequent months? Or, to take it to the extreme, transfer Bht 760,000.00 in the first month and Bht 2,000.00 p.m. in the next 11 months.

[My thinking: if you do not wish to hold Bht 800,000.00 in the bank, then the example will allow you to deplete your Thai bank account during the year and not have to season 3 months at Bht 800,000.00]
 
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Yorky said:
There are so many potential variations. Transfer Bht 300,000.00 in the first month and then Bht 45,000.00 for the 11 subsequent months? Or, to take it to the extreme, transfer Bht 760,000.00 in the first month and Bht 2,000.00 p.m. in the next 11 months.

[My thinking: if you do not wish to hold Bht 800,000.00 in the bank, then the example will allow you to deplete your Thai bank account during the year and not have to season 3 months at Bht 800,000.00]
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Indeed it would.

Exchange rates + individual preference as to where you wish to keep your money are perhaps the driving factors.

If I had £20,000 spare now I am pretty sure I would rather transfer it monthly than in one lump.
 
Yorky said:
There are so many potential variations. Transfer Bht 300,000.00 in the first month and then Bht 45,000.00 for the 11 subsequent months? Or, to take it to the extreme, transfer Bht 760,000.00 in the first month and Bht 2,000.00 p.m. in the next 11 months.

[My thinking: if you do not wish to hold Bht 800,000.00 in the bank, then the latter example will allow you to deplete your Thai bank account during the year and not have to season 3 months at Bht 800,000.00]
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Thats not quite as I read it. the requirement seems to be:-

"Evidence showing monthly transfer..........".which must average 40,000/65,000baht over the year.
 
CO-CO said:
If I had £20,000 spare now I am pretty sure I would rather transfer it monthly than in one lump.
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I don't have £20,000.00 in the UK at the moment and even though my interest in my UK account is zilch at present, other than an emergency I still prefer to hold on and pray for a more favourable exchange rate.
 
Prakhonchai Nick said:
Thats not quite as I read it. the requirement seems to be:-

"Evidence showing monthly transfer..........".which must average 40,000/65,000baht over the year.
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It is a monthly transfer. Bht 300,000.00 one month, Bht 45,000.00 the other 11 months. Average in excess of Bht 65,000.00. Same with the other more extreme example.
 
Prakhonchai Nick said:
Thats not quite as I read it. the requirement seems to be:-

"Evidence showing monthly transfer..........".which must average 40,000/65,000baht over the year.
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I refer you to post #8 which contains the correct answer.


(There are other correct answers, including Yorky’s post #26)
 
Prakhonchai Nick said:
Thats not quite as I read it. the requirement seems to be:-

"Evidence showing monthly transfer..........".which must average 40,000/65,000baht over the year.
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Although you have slightly misquoted it, as did Nomad (the wording is “every month” in the subtext), I believe that primary requirement is:-

“For retirement extensions of no more than 1 year evidence of average monthly income of B65,000 is required.”

It clearly states “average” - and we can all Google a definition of average.




Evidence required is “such as” :-

2. Evidence of a pension. Letter of certification from a Thai bank supported by bank statements showing a pension being transferred to the pensioner’s bank account every month for at least 12 months. Exceptions are allowed for those who have been retired for less than one year – example given.


Unlike us members of SF, Thai immigration do not seem too concerned about precision or the multitude of income options that exist.


If I make 2 transfers in the year of 390k I meet the criteria of having average income of at least 65k per month. I do not meet the “such as” evidence example of receiving money EVERY month. I doubt they will decline me. - they will work it out, especially if they have a certification from the bank to hang their hat on.

 
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CO-CO said:
Although you have slightly misquoted it, as did Nomad (the wording is “every month” in the subtext), I believe that primary requirement is:-

“For retirement extensions of no more than 1 year evidence of average monthly income of B65,000 is required.”

It clearly states “average” - and we can all Google a definition of average.




Evidence required is “such as” :-

2. Evidence of a pension. Letter of certification from a Thai bank supported by bank statements showing a pension being transferred to the pensioner’s bank account every month for at least 12 months. Exceptions are allowed for those who have been retired for less than one year – example given.


Unlike us members of SF, Thai immigration do not seem too concerned about precision or the multitude of income options that exist.


If I make 2 transfers in the year of 390k I meet the criteria of having average income of at least 65k per month. I do not meet the “such as” evidence example of receiving money EVERY month. I doubt they will decline me. - they will work it out, especially if they have a certification from the bank to hang their hat on.
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I hope for your sake and others who wish to make less than monthly transfers, which average the correct amount, it will be acceptable to Immigration. Workng things out has never been one of their strong points. You doubt they will decline you, but that is somewhat short of your assertion that Post No 8 provides the correct answer.

Whilst merely taking a spectator view, I am more inclined to go with Yorky's thoughts expressed in Post No 26.:)
 
nomad97 said:
Postulate as we may, we need case history to review over the coming 12 months. And remember, it does not matter what goes down in Bangkok or Pattaya, its how it is interpreted by Buriram and Surin Immigration that matters to us.
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See your local agent..:rolleyes::D:D
 
nomad97 said:
Postulate as we may, we need case history to review over the coming 12 months. And remember, it does not matter what goes down in Bangkok or Pattaya, its how it is interpreted by Buriram and Surin Immigration that matters to us.
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Even narrower than that - as GL said, it is down to he who is God, the individual IO.

Nevertheless, we have a basepoint to go from.
 
Prakhonchai Nick said:
I hope for your sake and others who wish to make less than monthly transfers, which average the correct amount, it will be acceptable to Immigration. Workng things out has never been one of their strong points. You doubt they will decline you, but that is somewhat short of your assertion that Post No 8 provides the correct answer.

Whilst merely taking a spectator view, I am more inclined to go with Yorky's thoughts expressed in Post No 26.:)
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I agree and would expect that immigration would (be capable of) work things out. I reiterate my view that the bank letter is what immigration will hang their hat on.
 
I still don't understand all of what they are talking about.
Can I still use my Embassy [NZ] letter and money in the bank as I have done in the past.? NZ Embassy still does the letter of confirmation are happy to continue doing it.
I have one pension that goes to a Thai Bank and another pension stays in NZ.
The pension that goes into the Thai does not meet what is asked. Both would do it but I need to keep one in NZ. I use a ATM here for that one.
Appreciate your thoughts.
 
Deerculler said:
I still don't understand all of what they are talking about.
Can I still use my Embassy [NZ] letter and money in the bank as I have done in the past.? NZ Embassy still does the letter of confirmation are happy to continue doing it.
I have one pension that goes to a Thai Bank and another pension stays in NZ.
The pension that goes into the Thai does not meet what is asked. Both would do it but I need to keep one in NZ. I use a ATM here for that one.
Appreciate your thoughts.
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Yes.
 
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