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Questions regarding Tax Exemption with Super Savers Funds

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Hello Guys,

I have been thinking about investing in the Super Savers Fund (SSF), primarily to avail the Tax Exemption.


However, it is my first time and I have so many questions.

Hope someone has tried it (or the earlier LTF) and answer some of my questions below.


  1. How would one go about finding the best options? I see that all the Banks i am familiar with (namely SCB, KBank, and BBL) are offering some version of SSF, how would someone more experienced choose which bank to go with?
  2. Given that we are in August 2020 now, is it still possible to avail this exemption for the year 2020?
  3. Is it possible invest lets say 10K THB every month (rest of the year) and avail the incentive (of 50K) for the year 2020?
    • If is it possible, is it advised? or one should go big?
  4. Once one invests (or buys units) should we advice our employer and deduct the tax amount at source? or expect to get a refund?
  5. Given that it is announced for the period of 2020-2024, is it expected to continue after that? or 2024 is a hard limit?
  6. And lastly, is it something worth looking into to potentially save 200K a year, being a foreigner?


I am sorry if there is a stupid questions in there, or if the entire thing is idiotic, but I am new at it and would love anyone experienced to pick out holes or blow this entire thing up for me.


How I am thinking about this is that I pay-up 200K (lump-sum, or installment: see questions 3) and get it back (maybe save it - i don't know how the refund works in this case: see questions 4) every year for at least 4 years (maybe more: see question 5) and then get my initial investment and potential gains (or losses) after 10 years.


Looking forward to hearing you thoughts.


Thanks for reading.


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Haven't bought SSF but have LTF and RMF.

1. have to do your own research here. Compare the fees, how much is invested inside and outside Thailand, exchange rate risk etc. 

2. you can buy anytime of the year and it will count for that tax year. 1 Jan - 31 Dec. You will get a summary for the previous year from your bank around Jan, which you include in your tax return.

3. you can buy in one lump sum or spread it out as you like. the 10 years counts from when you buy each lot. When and how much you buy depends on how you feel, although considering you need to hold for 10 years, it probably wont make much difference.

4. you can ask them to do that if you want, otherwise you will get a refund.

5. up to the lawmakers, and the take-up, and success of the scheme. LTF was extended each year for a while until it was finally scrapped and replaced by SSF.

6. the value to you really depends on your marginal tax rate. if you are paying 30% tax, then you will get a return on investment of 30% in the first year (in the form of a tax refund). But then you have to hold it for another 9 years before you can sell to realise any capital gain. If you are paying 10% tax, then the return on investment is only 10% for the first year. One of the main downsides of Thai funds is their high fees in comparison to USA funds. The SSF may be around 1.8% a year, and the longer you hold it the more fees you'll end up paying.




Also look at your companies provident fund and RMF, as they may be a better deal.

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