From 2020 to 2024, the Thai government introduced Super Savings Funds (SSFs) as a replacement for Long-Term Equity Funds (LTFs). SSFs offer a personal income tax deduction of up to 30% of annual gross assessable income, capped at ฿200,000 per year.
Key features
- Deduction limit: 30% of gross assessable income, maximum ฿200,000
- Minimum holding period: 10 years from the date of purchase
- No minimum investment required
- No annual investment required — invest in any year you choose
- Eligible funds: SSFs approved by the Securities and Exchange Commission (SEC)
Comparison with LTFs
| Feature | LTF (discontinued) | SSF (2020–2024) |
|---|---|---|
| Deduction limit | 15%, max ฿500,000 | 30%, max ฿200,000 |
| Holding period | 7 calendar years | 10 years from purchase |
| Annual investment required | No | No |
Example
A taxpayer with gross assessable income of ฿1,000,000 invests ฿200,000 in an SSF:
- Maximum deduction: 30% × ฿1,000,000 = ฿300,000 → capped at ฿200,000
- Tax saving at 25% marginal rate: ฿50,000
Note: SSFs must be held for a minimum of 10 years. Early redemption forfeits the tax deduction and may result in additional tax liability. Always consult a tax professional before investing.