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BANGKOK 19 March 2019 00:59
hereforgood

Regarding retirement Visa I have not seen this question answered

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6 minutes ago, KittenKong said:

That's interesting. I always understood that it wasnt possible to claim it back for savings accounts, only for TDs.

Well to be honest, didn't see the money yet, pending, but I am hoping you are wrong. 😁

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8 minutes ago, hereforgood said:

Bangkok Bank takes 15% out of my 1 year time deposit as it is what am I doing wrong?

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Apparently time deposits get treated differently than savings accounts, which was what I was considering, my apologies. Getting a tax ID allows you to claim it back, but it could be a double edged sword!

Edited by jacko45k

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Apparently time deposits get treated differently than savings accounts, which was what I was considering, my apologies. Getting a tax ID allows you to claim it back, but it could be a double edged sword!
I have a tax ID number as I was working for a couple of years so maybe I still have a chance

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1 minute ago, hereforgood said:

I have a tax ID number as I was working for a couple of years so maybe I still have a chance

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Well if you have no other income taking you above 150,000 baht p.a. should be reclaimable at revenue office.

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Off topic in terms of the OP's circumstances; mine were a little different  In 2010, having worked in Thailand for many years. I switched my Extension of Stay to "Retirement".  Immigration did want to know where the money had come from.  I provided them with copies of five years' income tax returns, which was enough to satisfy them.

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Talking of bank books any news on them being ok for income?  (i.e. no letter). I mean if it's there in black and white 65k+  whats the issue?

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1 minute ago, BobBKK said:

Talking of bank books any news on them being ok for income?  (i.e. no letter). I mean if it's there in black and white 65k+  whats the issue?

I believe the letter confirms it is your account and the balance on that day. It is  stated as required.

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Yes, Post 22 is correct. In prior years, I had always got a longer letter. Last year, at a different bank, I was given a one-sentence letter, stating only that my account xxx-x-xxx contained Bxxx,xxx. I questioned the manager, who assured me that I needed nothing more than that.  He was correct.

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1 hour ago, allane said:

Yes, Post 22 is correct. In prior years, I had always got a longer letter. Last year, at a different bank, I was given a one-sentence letter, stating only that my account xxx-x-xxx contained Bxxx,xxx. I questioned the manager, who assured me that I needed nothing more than that.  He was correct.

My letter is like that also.

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Beware.

I presented a joint account with wife to a Hat Yai IO recently. The balance was way above any requirement but it caused major confusion.

 

 Either the had not seen a joint farang/Thai wife joint account before. OR could not accept 50/50 split. In their minds possibly 90/ 10 split in favour of Thai wife.

 

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6 hours ago, hereforgood said:

The money has been parked ever since that time 15 years my question is are they going to ask me to see where the transfer came from or will they be happy that I just have this money in the account.

If you’ve been on annual extensions based on retirement during that time they are not going to start asking where the money came from. No recent changes to the rules require offices to get proof of a foreign transfer for extension applications.

 

If you’ve been staying as a tourist or other for 15 years, then they might (unlikely) want to know where the 1M came from if you’re only now applying for a retirement extension.

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If you’ve been on annual extensions based on retirement during that time they are not going to start asking where the money came from. No recent changes to the rules require offices to get proof of a foreign transfer for extension applications.
 
If you’ve been staying as a tourist or other for 15 years, then they might (unlikely) want to know where the 1M came from if you’re only now applying for a retirement extension.
This will be my second extension based on retirement the first 13 years is that I have been here I was working on a business Visa with a work permit. I parked the money when I first came over in the account for retirement not thinking I would be working here but I did. Everyone else I've talked to said they were not questioned where the money came from so I think I'll be okay. Thank you for taking the time to reply.

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1 hour ago, hereforgood said:

This will be my second extension based on retirement the first 13 years is that I have been here I was working on a business Visa with a work permit. I parked the money when I first came over in the account for retirement not thinking I would be working here but I did. Everyone else I've talked to said they were not questioned where the money came from so I think I'll be okay. Thank you for taking the time to reply.

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The only time immigration usually ask to see proof that the funds came from overseas is if someone applies for a non ‘O’ visa from immigration as a prerequisite for an extension of stay.

 

The fact that you’re renewing an extension they are not going to ask for proof.

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Off topic, and bank interest has been done to death already. 

Maybe so but I for one am very appreciative for this information. I will be visiting CIMB the moment I return to CM.


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Yes, Post 22 is correct. In prior years, I had always got a longer letter. Last year, at a different bank, I was given a one-sentence letter, stating only that my account xxx-x-xxx contained Bxxx,xxx. I questioned the manager, who assured me that I needed nothing more than that.  He was correct.

Another example of a totally redundant exercise which costs us 100 baht for no reason whatsoever.

I have also been asked for detailed statements. How often should I be updating my passbook such that CM immigration would not need the detailed statement?


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