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Bangkok Post
Bangkok Post
Business

Choosing a year-end piggy bank

An electronic board advertises benefits from savings through RMFs. Investment in RMFs and SSFs both offer tax benefits.  PATTARACHAI PREECHAPANICH

As the new year approaches, Thais often look to make long-term investments for tax benefits and to feather their nest.

In the fourth quarter of every year, investors regularly check for available funds that offer tax advantages. Based on 2021 data, roughly 40 billion baht was invested in such funds, with analysts predicting a similar amount for this year, in part because of the gloomy economic conditions for most of 2022.

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