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Answered2 years ago

What are the steps to convert from a Marriage Extension to a Retirement Extension in Thailand?

Bob **********
asked Aug 11, 2024
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Greetings all.

Can someone help with information on the steps of converting from a Marriage Extension (400,000B in the bank method) to a Retirement Extension (monthly income method). I have been trying to research this but have not had success.

Any help will be much appreciated.
Answer summary
To convert from a Marriage Extension (using the 400,000 baht bank method) to a Retirement Extension (monthly income method) in Thailand, you need to start by transferring at least 65,000 baht each month into Thailand for a consecutive 12-month period prior to applying for the retirement extension. This transition typically takes about a year to complete, as you need to demonstrate the monthly income requirement consistently.
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Tod *********
Tod *********
If you want to switch to monthly income and switch the reason for your extension from marriage to retirement it takes a year to do.

About the month before you get your marriage extension using the 400K baht banked money method you need to start transferring in to the country a minimum of 65K baht a month, each month, every month for the next 12 months before you apply for your next yearly extension based on being over 50 (retirement) using monthly income.
Bob **********
Bob **********
OP
@Tod ********
Thank you very much. I have 9 months left to my current marriage extension. Does this mean I have to wait 9 months plus one year before I apply/get a retirement extension?

Also, do you know, will that ฿65,000 per month be potentially taxable as income by the Thai government?
Tod *********
Tod *********
@Bob *********
well you can start depositing the funds now, when this marriage extension runs out you would get another one using the banked money method (400K) then after you hit 12 months of monthly transfers of the 65K baht a month you could go in, cancel the extension you're on (the marriage one) and apply for a new yearly extension based on retirement using monthly income

The tax question is beyond the scope of this group, ask on a group related to where you live in thailand sorry. .. .
Bob **********
Bob **********
OP
@Tod ********
Big thanks! Super helpful! Have a good evening!

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