What is an RMF fund and how much is it tax deductible?

After the last time we learned and understood SSF funds or long-term savings fund together this timeTurn to RMF or Retirement Mutual Fund, which is a mutual fund promoting long-term savings for retirement. What are the conditions? How much can I use the tax deduction?

What is an SSF fund and how much is it tax deductible?

RMF Fund = Retirement Savings Fund

RMF or Retirement Mutual Fund is a type of mutual fund that promotes long-term savings for retirement. This is similar to the Provident Fund of the private sector and the Government Pension Fund (GPF) of government officials.

Invest in any type of securities

RMF funds are similar to SSF funds that can invest in all types of securities. Whether it is stocks, bonds, mixed funds, real estate, gold, both domestic and international.

Check out the trend of “SSF & RMF”, a hot-return private equity fund.

Tax Reduction Conditions

1. Investors in RMF funds can apply for a tax deduction of not more than 30% and not more than 500,000 baht when counting other types of retirement savings funds, including SSF funds, provident funds. , Government Pension Fund, Aid Fund under the law on private schools National Savings Fund or insurance premiums for pension life insurance

2. When buying RMF funds, investors must buy at least every other year.

3. Must hold until 55 years of age and must hold for at least 5 years from the date of purchase.

What is the minimum purchase required?

For the use of RMF funds for tax deduction There is currently no minimum amount to purchase per year. Which has adjusted the new criteria from the original that had to buy at least 3% or 5,000 baht and there is no forcing investors to buy continuously every year but must be purchased continuously every other year according to the specified conditions

SSF-RMF funds gradually open for sale to receive the tax-deductible festival

tax benefits

Those who invest in RMF will receive tax benefits in 2 areas:

1. Investments in RMF funds can be tax deductible as actually paid. Up to 15% of income in that tax year When combined with the Government Pension Fund (GPF) or the provident fund, it must not exceed 500,000 baht.

2. Profits from the sale of investment units can be exempted from tax refunds. If the investment exceeds 15% or not more than 500,000 baht, when the investment units are sold, there is a profit. Investors must bring money from investment units. Only the remaining investments are counted. can be included in the calculation for personal tax purposes

Who is RMF suitable for?

1. Entrepreneurs with independent careers which has no retirement savings benefits to support

2. Employees whose employer is not yet ready to provide a provident fund.

3. Employees or government officials who already have retirement savings benefits But there is a need to save more. in order to use the tax benefits in the amount of 500,000 baht as the government supports and promotes

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