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BANGKOK 24 March 2019 13:41
MrScratch

March 1st Retirement extension Policy – Should I go early

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My 1 year extension of stay ( based on retirement ) is due on the 26 of March 2019 - My next 90 day report is due on the 8 of March .

 

I have 800,000 Baht in a Thai bank that’s been deposited for many years and it never goes below 800,000 Baht . I have used a bank statement in all of my past 1 year extension renewal applications without any problems.

 

I am wondering if its now better to apply for my coming 1 year extension of stay early , say on the the 25 of February , which would be 28 days in advance.

 

If I leave my application until the 26 of march the new retirement policy rules will be in effect , and I’m not sure what that means in the way of me providing any new paperwork / bank statements on any subsequent 90 day report that complies with the keeping of 800K in my Thai bank 3 month after the application

 

The other area I'm not sure about is this part  - You can then withdraw up to 400K, but must leave a remaining balance of 400K throughout the year ( does that mean I have to show a bank statement every 90 days when reporting ? )

 

So it sounds if I can do my new 1 year extension of stay ( based on retirement ) before the first of March , it will be less hassle for one year .

 

Have I got this right or am I missing some thing

 

Thanks .

 

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It does not matter if you go early your extension will still be dated until 26 March 2020, so will be within the new regs. General consensus is your bank account will be checked at the next renewal, nothing to do with 90-day reports.  

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The initial document stated (I think) "applies to extensions issued after 1st March." 

 

So extensions issued before this date are not affected. But if the IO says the new rules apply now we all know who will win.

 

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12 hours ago, notamember said:

Do it early

dodge the bullet

Bite the bullet more like! He can apply 45 days ahead, waiting just prolongs the misery, get it over and done with as soon as you feel well enough to stomach it.

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4 minutes ago, Formaleins said:

Bite the bullet more like! He can apply 45 days ahead, waiting just prolongs the misery, get it over and done with as soon as you feel well enough to stomach it.

On the other hand going early opens you up to delaying tactics and possible extra bits n pieces from certain IO,s if your app is not as straight forward as this OP is. “You need this extra,come back next week”

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I could do mine before the 1st of March but will not bother as I do not wish to have an argument at a later date as to whether I am or am not under the new regs.

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Most offices WILL let you do your " extension  of stay based on xxxxxxx" 30 to 45 days early with NO loss of days.  I always do mine at least 30 days early - if any problems I have 30 days to fix the problem.  A friend of mine was required to show a rental agreement - had to return to IO next day, I have no idea why, before he could renew - he had 2 days left so he barely made it on time.  I ALWAYS take ALL my immigration paperwork, bank book and rental lease EVERY time I go to a IO office so I can produce just about anything asked for - for any reason.

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It will as always come down how different offices or IO's interpret the new regs.I went early as I have always done and should be under the old regs if you take a literal reading but there are no guarantees probably best to maintain 800k if possible..

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14 hours ago, notamember said:

Do it early

dodge the bullet

Not if the OP was doing it at Phetchabun. I did mine last Tuesday for a 7 March extension and was told that the 3 months seasoning started on the day of application. Some IO have adopted the new rules already.

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27 minutes ago, GreasyFingers said:

Not if the OP was doing it at Phetchabun. I did mine last Tuesday for a 7 March extension and was told that the 3 months seasoning started on the day of application. Some IO have adopted the new rules already.

The OP would not have a seasoning issue since he has already seasoned it for years.  How did what you were told effect your application?

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1 minute ago, AAArdvark said:

The OP would not have a seasoning issue since he has already seasoned it for years.  How did what you were told effect your application?

He’s meaning 3 months after application I think!

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39 minutes ago, GreasyFingers said:

Not if the OP was doing it at Phetchabun. I did mine last Tuesday for a 7 March extension and was told that the 3 months seasoning started on the day of application. Some IO have adopted the new rules already.

Agreed, I heard someone, Chiang Rai, being told he had to keep the 800,000 for the 3 months after the extension had been granted. Despite doing it early February and it being due 28th.

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