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CONFIRMED: Here is exactly what’s needed for retirement & marriage extensions (income method) from 2019

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3 minutes ago, Olmate said:

That’s your opinion, but others who may or may not agree still have their views, and should not be dismissed as merely talking up agents. 

Why try and turn this into an agent advice thread?  You are even advising a guy to try and find an agent in America. 

 

6 minutes ago, Olmate said:

That’s your opinion, but others who may or may not agree still have their views, and should not be dismissed as merely talking up agents. 

This thread is about what you need for a retirement or marriage extension not how to beat the system with illegal activity. 

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4 hours ago, roger101 said:

I have just emailed Transferwise to ask them what the code would show from a transfer from the UK. It will be interesting to see their reply.

Changing slightly one of the things overlooked is spending in the UK. Using the income letter (for many years) my net income is well over the 65000 baht/month needed. But after taking income tax and other commitments I'm left with (at the moment) 68,000 Baht a month. It doesnt take a genius to work out that any problem at home could bring my Thai Income to less than 65000 for a few months.

I asked Transferwise a similar question in a questionaire they had on their website yesterday. I actually asked if there was an option of requesting that money be transferred using the Bangkok Bank because they show its an International Transfer whereas using other clearing routes, such as TMB, show it as an domestic transfer. I haven't had a reply yet.

 

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You have to LOVE a thread, subject being ...."here is exactly what is needed".... Ha. 85 pages later. Just for fun I looked in my bankbook earlier specifically to look at deposit I transfered into KTB. Transfer via OFX. (same as tw, better in iho)

Anyway the code is RNSDT. 

I googled etc etc. No code recognized. But that's not the point. Don't get me wrong, I use TV a LOT. Esp advice from guys like ubon. More to the point. I travel a lot in los. Never ceases to amaze me how many expats are completely unaware of changes. Not just this one. Thinking 2019 could be a nightmare for many. 

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10 hours ago, scubascuba3 said:
10 hours ago, JackThompson said:
... and which bank that particular TW transfer happens to go though - which can change from one to the next, even from the same origin and destination accounts.

Yes, banks transaction coding will vary for each bank unlike swift coding which is industry standard

This week I did my first transfer from my US bank to Kbank using swift. 

My Kbank statement says recieved domestic transfer. I tried asking why and I guess it bounces from a middle bank then to my account. 

My US bank statement says international transfer sent but Kbank statement says domestic transfer recieved. 

Not sure what to do for my 12 deposits if they are going to say domestic? 

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7 hours ago, Olmate said:

Why not cover all the options, get the agent to submit your bona fide renewal via bank/combo method in the US? 

The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. § 78dd-1, et seq.) is a United States federal law known primarily for two of its main provisions: one that addresses accounting transparency requirements under the Securities Exchange Act of 1934 and another concerning bribery of foreign officials.
 

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This week I did my first transfer from my US bank to Kbank using swift. 
My Kbank statement says recieved domestic transfer. I tried asking why and I guess it bounces from a middle bank then to my account. 
My US bank statement says international transfer sent but Kbank statement says domestic transfer recieved. 
Not sure what to do for my 12 deposits if they are going to say domestic? 
According to all threads prior to a week or two ago we could get an FET from receiving bank if using swift. So maybe try that for starters

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3 hours ago, JLCrab said:

The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. § 78dd-1, et seq.) is a United States federal law known primarily for two of its main provisions: one that addresses accounting transparency requirements under the Securities Exchange Act of 1934 and another concerning bribery of foreign officials.
 

Bona fide ,no bribery, no corruption, no sense of humour !

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11 hours ago, marcusarelus said:

Why try and turn this into an agent advice thread?  You are even advising a guy to try and find an agent in America. 

 

This thread is about what you need for a retirement or marriage extension not how to beat the system with illegal activity. 

The guy you refer to I hope has a better sense of humour than you !

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4 hours ago, keithet said:

This week I did my first transfer from my US bank to Kbank using swift. 

My Kbank statement says recieved domestic transfer. I tried asking why and I guess it bounces from a middle bank then to my account. 

My US bank statement says international transfer sent but Kbank statement says domestic transfer recieved. 

Not sure what to do for my 12 deposits if they are going to say domestic? 

I thought it might be worthwhile re-posting this comment on this thread, as it hopefully provides some reassurance re. proving that the income paid into a Thai bank comes from abroad - when using swift.

 

"I went to SCB this a.m. to find out about obtaining bank statements, ask whether income is shown as an International transfer etc.

The lady I spoke to didn't really understand the possible problem re. being able to prove that incoming money was coming from abroad (and didn't really care much either.....), BUT - I pointed to one of my incoming transfers to ask whether they were able to confirm that it was an international transfer, and she printed out a page headed 'Advice for customer - inward transfer'.

The page shows that the remittance was in GBP, 'Details of Payment' shows 'Transfer from NatWest' and 'Remittance Type' shows 'Inward Swift'.  All of which seems to be enough to prove that it was an International transfer to SCB.

Of course the latest arrangements re. providing proof of income for Immigration is very new at the moment, but I'm sure that over the next few months banks will find out what is required by Immigration and be able to come up with the necessary documentation as required by Immigration."

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1 hour ago, Olmate said:

Bona fide ,no bribery, no corruption, no sense of humour !

Horse dung -- If an IO big shot executes a waiver of extension requirements per the rights granted to him/her via Section 35 of the Immigration Act 2522, the fee is that in the Ministerial Regulations which is 1900 baht.

 

Anything else beyond that is a bribe.

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1 hour ago, JLCrab said:

Horse dung -- If an IO big shot executes a waiver of extension requirements per the rights granted to him/her via Section 35 of the Immigration Act 2522, the fee is that in the Ministerial Regulations which is 1900 baht.

 

Anything else beyond that is a bribe.

You obviously missed my reference to ,bona fide, actually an attempt at humour,....my bad ....even missed by another anti agent poster!

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Some off topic inflammatory posts have been removed. 

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15 hours ago, tgeezer said:


Many people don't have sufficient pension and rely on bonds shares and other income which may not be paid monthly, the rules should and I believe do provide for that.


Sent from my iPhone using Thailand Forum - Thaivisa mobile app

That's exactly what I was meaning. Only 40k a month, then top up when you can.

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14 hours ago, DrJack54 said:

You have to LOVE a thread, subject being ...."here is exactly what is needed".... Ha. 85 pages later. Just for fun I looked in my bankbook earlier specifically to look at deposit I transfered into KTB. Transfer via OFX. (same as tw, better in iho)

Anyway the code is RNSDT. 

I googled etc etc. No code recognized. But that's not the point. Don't get me wrong, I use TV a LOT. Esp advice from guys like ubon. More to the point. I travel a lot in los. Never ceases to amaze me how many expats are completely unaware of changes. Not just this one. Thinking 2019 could be a nightmare for many. 

Bank books show only the internal codes used by the banks.  If you did a SWIFT transaction, that information will be relayed to bank(s) in the chain. This your bank here will know if asked, otherwise it is obviously not.

 

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On 1/8/2019 at 4:09 PM, tracy3eyes said:

Many thanks. Still a bit of a headache. Although I have a net pension of well over £2k a month I keep a number of homes and commitments, and I am also often outside of Thailand during a year so being able to do the 65k a month is still not easy. Accessing just the funds I need via ATM when in Thailand was more appropriate for me. So the income letter which I used to get from the Embassy worked best for me and I have a genuine pension and always provided Pension Letter from provider, P60 and bank statements. So the changes make life difficult for those who are not cheating the system and have been in Thai for 15 years! Also previously I dad my own Thai company, paid taxes and provided jobs etc but have to suffer because of these changes. And I am not in a position to transfer 65K this and next month due to ongoing important commitments. So I may well be buggered.

 

I do not understand why they would not accept documents like P60's, Letters from Pension provider etc surely this is proof enough. Whats also annoying is the fact that I have had 10 million going through my Thai banks in the last 10 years. All tide up in property in Thai and Spain at the moment.

 

So if I cannot get a renewal in Sept I will give up! And go elsewhere as I suspect many others will or have to.

 

TI are hurting the very people they should be securing as good long standing genuine retirees.

 

Nevermind!

have you considered registering for a thai tax number and declaring a rent from your property, then making the deposits on your account. From what I have read the thai income would be considered.

 

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