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BANGKOK 21 February 2019 15:43

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Is the combo method allowed under the new rules for the retirement extension? If so are there any changes from the old when doing it?

Edited by bangkoklasse
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Yes; but with big change.

 

You must use and keep a minimum of 400K in the bank to qualify. 

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1 hour ago, Sheryl said:

One report from Petchabun immigration, they understand it the first way (even if you need only another 100K to reach 800K you have to deposit 400K and keep it there all year).

To get this straight:

64K Baht / mo = "You need another 400K in the bank you can never touch."

65K Baht / mo = "You don't need any money in the bank at all."

 

That is what at least one office is pushing, now?

 

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4 minutes ago, JackThompson said:

To get this straight:

64K Baht / mo = "You need another 400K in the bank you can never touch."

65K Baht / mo = "You don't need any money in the bank at all."

 

That is what at least one office is pushing, now?

 

Hope the immigration will read that quoted post you did.

 

glegolo

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That is what this one office seems to believe the very unclearly written new rules mean. 

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19 minutes ago, JackThompson said:

To get this straight:

64K Baht / mo = "You need another 400K in the bank you can never touch."

65K Baht / mo = "You don't need any money in the bank at all."

Correct.

 

Those are the new rules. I’ve had it confirmed from two separate contacts within immigration.

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4 minutes ago, Sheryl said:

That is what this one office seems to believe the very unclearly written new rules mean. 

I think the rules are clear Sheryl. We just want to interpret them differently.

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I think the rules are clear Sheryl. We just want to interpret them differently.
Can you state the rules in a clear way with no mud involved?

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27 minutes ago, Sheryl said:

I don't "want" anything, I am not using this method.

 

The rules as written are NOT clear and can reasonably be interpreted in at least 3 different ways.

Well you can stop interpreting and speculating on behalf of others.

 

It’s now clarified that the rules — as written — are; 

  • Cash and income totalling 800K.
  • The cash element must be in the account for 2 months prior to applying, and 3 months after the extension is granted.
  • A minimum balance of 400K must be maintained at all times.

 

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Well you can stop interpreting and speculating on behalf of others.
 
It’s now clarified that the rules — as written — are; 
  • Cash and income totalling 800K.
  • The cash element must be in the account for 2 months prior to applying, and 3 months after the extension is granted.
  • A minimum balance of 400K must be maintained at all times.
 
Your last 2 points contradict each other?

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4 minutes ago, scubascuba3 said:
9 minutes ago, elviajero said:
Well you can stop interpreting and speculating on behalf of others.
 
It’s now clarified that the rules — as written — are; 
  • Cash and income totalling 800K.
  • The cash element must be in the account for 2 months prior to applying, and 3 months after the extension is granted.
  • A minimum balance of 400K must be maintained at all times.
 

Your last 2 points contradict each other?

No they don’t.

 

A minimum balance of 400K must be maintained — so if you’re using 500K towards the 800K — you can withdraw up to 100K after 3 months.

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20 minutes ago, elviajero said:

A minimum balance of 400K must be maintained at all times.

Well actually the one I read said 400 baht if we are to take it as written verbatim!

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