Can I switch from a work permit extension to a retiree extension in Thailand while meeting the financial requirements for both myself and my wife as a dependent?

Mar 8, 2024
8 months ago
Marc ***********
ORIGINAL POSTER
Good afternoon,

My first message did not go thru.

I have a 1 year extension based on work permit with my wife as dependent.

I plan to switch to 1 year extension based on retiree with my wife dependent as well in 2024. I know the obligation of having the 800 000 baths for at least 2 months prior change.

My questions:

800 000 is ok for me and my wife as dependent ?

I will transfer every month my pension which is over 65000 baths. Will I be able to use this to renew my 1 year extension in 2025 and in that case how should I monitor my 800 000 baths deposit ?

I hope I am clear

Thanks a lot in advance
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TLDR : Answer Summary
The user plans to switch from a work permit extension to a retiree extension in Thailand and inquires about the financial obligations, specifically the 800,000 Baht requirement and the use of pension income for visa renewal. It was clarified that only the user needs to maintain the 800,000 Baht in their Thai bank account for two months prior to application, while their wife can apply as a dependent. The funds must remain in the account for three months post-approval, and afterward must not drop below 400,000 Baht. The user can also utilize their monthly pension income for future extensions.
NON-O RETIREMENT VISA RESOURCES / SERVICES
  • Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
  • For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
  • Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
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James ********
I believe that the OP has the answers needed for his question.

Thanks all for your helpful replies.

Comments Closed
Marc ***********
ORIGINAL POSTER
Thank you very much.

Very clear
John **********
@Marc **********
what passport do you hold?
Tod *********
So you will cancel your current extension (and you wife will cancel hers too) with documentation from your employer and then immediately apply for a year extension based on being over 50 (retirement) and your wife will immediately apply for an extension based on being "trailing spouse".

Only YOU will require the 800K baht banked in a thai bank account in your name only for 2 months before you APPLY for the year extension.

The 800K baht has to stay in the account for 3 months after the extension is granted, and then the balance can't go below 400K baht the rest of the year <- right up until you apply for your next yearly extension using monthly income method by international transfers by transferring in to the country a minimum of 65K baht a month, each month, every month for the previous 12 months

In essence, you meet the seasoning requirements for the year extension you're on using banked money method AND you begin to transfer in the 65K baht a month each month for the NEXT yearly extension you will apply for using monthly income by international transfer method.
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