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BANGKOK 20 March 2019 10:09
Jonathan Fairfield

Holding the balance: Phuket Immigration clarifies new rules on retirement visas to start March 1

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8 minutes ago, nasa123 said:

Hmmm in Phuket to Ubonjoe.

I don't recall ready anywhere in the article that they would not accept a proof of income proof from an embassy.

I think the wording was it was not required if you showed the money going into the bank.

It certainly allowed in the amendment to police order 138/2557 issued on December 21st.

image.png.538ecea1efbc4ef2061c98e7a16fa8ff.png

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To me it looks more and more like the 400k change is destined to cover issues such as unpaid health bills or repatriation costs. Fair enough. Married guys are supposed to be taken care of by their loved ones.

Of course I'd be proven wrong if they proceeded with some (other) corny health insurance requirement.

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21 minutes ago, Sheryl said:

There is considerable doubt as to whether the "2months before and 3 months after" phrasing in the directive actually meant  2 months before extension and 3 months after the extension, or 2 months before the 1st extension then 3 months before all extensions after that (i.e. exactly what it has been before).  @Tanoshi thinks the latter  and I tend to agree with him but due to vague wording it has been otherwise interpreted by many IOs

 

Supposedly a meeting scheduled at TI next week to clarify matters,

 

My interpretation is 2 months before whatever day you "apply" which could be 30 to 45 days before the expiration date.  If you apply 1 month before the extension expires, then that would mean 2 months before that application date which would be 3 months before the actual expiration date. 

 

And then if you applied say 1 month early and was approved then you must maintain the 800K for 3 months from that application/approved date which would the same as 2 months from the old extension expired date.  

 

Durn, I'm getting confused.  Who's on first....

 

image.png.36a3f25f95db104cae55151bc967aaef.png

 

 

"Who's on first".

 

 

 

 

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1 hour ago, Sheryl said:

There is considerable doubt as to whether the "2months before and 3 months after" phrasing in the directive actually meant  2 months before extension and 3 months after the extension, or 2 months before the 1st extension then 3 months before all extensions after that (i.e. exactly what it has been before).  @Tanoshi thinks the latter  and I tend to agree with him but due to vague wording it has been otherwise interpreted by many IOs

 

Supposedly a meeting scheduled at TI next week to clarify matters,

The wording is clear. 2 months before application , and maintained for 3 months after extension granted. 

The interpretation that it only applies for first time application would make the clause requiring the need to keep 400k throughout the year irrational as it is written.

 

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6 hours ago, farangx said:

I am working towards reducing my time in Thailand to less than 5 months in a year that will allow me to avoid extensions and 90 days reporting altogether.

 

This is my idea also, but for sure they will change the rules to stop the same people they make go away, coming back, because they lose money from them to push them to tourist visa.

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1 hour ago, ubonjoe said:

I don't recall ready anywhere in the article that they would not accept a proof of income proof from an embassy.

I think the wording was it was not required if you showed the money going into the bank.

It certainly allowed in the amendment to police order 138/2557 issued on December 21st.

image.png.538ecea1efbc4ef2061c98e7a16fa8ff.png

Phuket 🙃

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18 hours ago, Pattaya46 said:

Unsure if this article/interview really clarifies rules :unsure:

Reading it, it looks like those who still use an embassy's income letter

now need to show "bankbook records proving this income already being received [in a Thai bank]" ?? :unsure:

So what is the purpose of the Embassy letter if I still have to show transfer into my account?

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29 minutes ago, Such a Hairy Guy said:

So it sounds to me they will accept the embassy letter but in addition they want proof the monies are actually transferred???

I think they mean back up proof for the income letter from the source such a bank statements of it going into a bank anywhere.

They cannot flat say they are not accepted is my main point.

 

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i hope someone will attest to the feasibility of combo method

of deposit + embassy letter of pension, only, very soon

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9 minutes ago, ubonjoe said:

I think they mean back up proof for the income letter from the source such a bank statements of it going into a bank anywhere.

They cannot flat say they are not accepted is my main point.

 

thanks, I hope you are right. But as usual it may depend on the individual officer's interpretation.

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Can people not setup an automatic transfer from oversea. Then 65K will tick in every month in Thailand...
Then you take it out of the bank for expenses ( And sent it back. - transfer expenses, for next month... )
Recycling is so popular.....


I am not retired or in any problems, just curious...

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19 hours ago, xylophone said:

“Under the income requirement, applicants must receive at least B65,000 per month,” Col Acheep explained.

As many embassies no longer issue affidavits confirming income, this is no longer required, he said, noting that letters from governments and pension fund providers will be accepted along with other forms of evidence to prove the income pending.

 

“Of course any financial statements from banks and copies of bankbook records proving this income already being received should be provided,” he said.


Read more at https://www.thephuketnews.com/holding-the-balance- phuket-immigration-clarifies-new-rules-on-retirement-visas-to-start-march-1-70401.php#qFDrdIdC5SewFzHi.99

 

So from my perspective in trying to qualify for the 65k per month method I can provide the required evidence, which was a worry because they have been ''fickle" in that area.

 

Not decided yet as to follow that route or the 800k route. For me it depends upon whether or not I can get an automatic transfer of funds from my NZ bank, so trying Transferwise under an automatic payment schedule if poss.

 

What happened to the combination method.

Friend came to Thailand 3 years ago, he has a pension and his Thai wife also had a pension, together more than enough for the 65,000 retirement extension.

His wife died, his income became borderline 65K.

Now, due to the low Euro and changes in the pension taxes his net income falls to 55,000.

And he has 200,000 on a Thai bank account, and growing.

The embassy still supplies the income letter.

Under the old rules this combo was ok for retirement extension.

But what will happen now to him?

 

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20 hours ago, smedly said:

well that's cleared that up - not

 

I am under 60yo and have been using the 800k balance for the last 5 years so do the new rules apply to me or not

 

more confusion

No confusion it's simple:

Married visa: minimum 40,000 baht per month or 400,000 baht in a Thai bank for 2 months prior and 3 months after application.

Retired visa: minimum 65,000 baht per month or 800,000 baht in a Thai bank for 2 months prior and 3 months after application

 

What's confusing ???.

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