I have just done my extension and then transferred all of my money back out of my account and sent it back home.
1.Do I have to transfer the equivalent of 400K back in to the account before 1 March.
2. If I dont is my current extension then invalid(same as a non B who loses his job or a marriage extension who gets divorced)?
3. If my extension is invalid can I be arrested for overstay and banned from Thailand for 5 years?
Complying with the new retirement extension rules
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I have been on a retirement extension for the last 8 years and bring the required 800K over from abroad every year. Because of the way my funds are held it takes almost 6 weeks to free them up so I need to start planning around 5 months before my extension date, allowing for the 3 months seasoning. My extension is due at the end of March and was planning to go to immigration end of Feb. This new rule has screwed me completely. There is no way I can get more funds here in time to enable me to maintain the 800K balance for 2 months after the extension date. I will still go to try the retirement route as planned and hope the fact that I am applying before first March works for me. If not I will have to revert to an extension based on marriage.
When making changes like this surely it would be more reasonable to give more than a months notice!!