As we approach the end of the year, how are the savings goals we set at the beginning of the year coming along? Many may have already achieved their targets and are looking for new goals for the coming year. There are various savings goals, but if you want to see significant returns, long-term savings tend to yield better results. And wouldn’t it be even better if long-term savings could also provide tax deductions?

LTF

          Many of you may already know that LTF stands for Long-Term Equity Fund, which currently requires a holding period of 7 years. However, if we consider the actual time, it’s just a little over 5 years. Investing in LTF is a type of long-term fund that can lead to substantial returns. Moreover, during this time of year, LTF can also be used for tax deductions. The investment in LTF can be deducted from taxable income up to 15% of the actual payment, but not exceeding 500,000 baht.

RMF

          Another long-term investment option is the RMF, or Retirement Mutual Fund. This fund is similar to LTF as it is also a long-term investment that helps with tax deductions. However, there is a condition: you must hold this fund until you reach the age of 55 before you can sell it. Additionally, you must invest a minimum of 5,000 baht every year. If you hold it until retirement, you will have a substantial amount of money.

          Besides LTF and RMF, which assist with tax deductions and long-term savings, health insurance is another way to reduce tax liabilities for the year 2018. If you want to take out health insurance for tax deductions this year, click here. Not only do they offer health insurance, but there are also good personal loans and various credit cards to compare, in case you need funds for emergencies. You can also inquire via Line@ : @masii.

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