TTB, or TMBThanachart Bank, continues its commitment to improving the financial lives of Thai people in every aspect by alleviating the burdens of salary earners, the true "bearers" of this era, to lead lighter lives. The bank organized a special seminar to provide financial knowledge to employees of Supalai Public Company Limited, equipping them with tax planning skills and tax deduction aids, along with solutions for proper and sustainable personal financial management.

Mr. Chakrapan Jarutheerathasan, Deputy CEO and Head of Financial Advisory for Salary Employees at TMBThanachart, stated that TTB is dedicated to helping salary employees achieve better financial lives through benefits that assist TTB salary account customers and corporate clients. The bank continues to provide ongoing financial knowledge. Data from the TTB Financial Health Check, an online financial health assessment program for over 96,000 salary earners in Thailand from August 2023 to February 2024, revealed that over 12.5 million salary earners in Thailand face various risks, including debt burdens, lack of savings, and emergency funds, despite having high incomes. Notably, 32% of those earning over 100,000 baht per month still live paycheck to paycheck, and another 16% have expenses exceeding their income, reflecting that financial insecurity affects all income levels. Recently, TTB organized a seminar to provide knowledge and recommend financial solutions to employees of Supalai Public Company Limited to enable them to plan and manage their personal finances correctly and sustainably.

Mr. Traitecha Tangmattatham, Managing Director of Supalai Public Company Limited, expressed that the company is committed to promoting good welfare for employees and enhancing their knowledge in managing their finances comprehensively. The information received from the seminar is highly beneficial for employees, especially regarding income considerations and responsibilities before deciding on suitable tax-deductible investments. This is believed to help Supalai employees increase their knowledge of personal financial management.

During the seminar titled “Salary Earners: The True Tax Bearers, Easing the Burden Through Understanding by 'TAXBugnoms',” Mr. Thanom Ketuem, a renowned tax expert and owner of the famous page TAXBugnoms, laid the groundwork for financial knowledge and tax matters, helping attendees understand the burdens they carry and their true financial goals before leading into tax planning and retirement goals. The content covered trends and insights into being a "bearer," misconceptions salary earners have, basic tax deduction aids from their companies, such as provident funds and social security, as well as investment and insurance tax deduction tools, including the latest updates from the government.

Additionally, TTB provided various financial solution recommendations, including debt relief through the "Good Installment with Rewards" program, cost relief with the TTB All Free deposit account, which offers numerous benefits and free transaction fees nationwide, concern relief with accessible insurance solutions suitable for salary earners, such as TTB Health Care Ultra Care, which utilizes existing company medical benefits to reduce premiums and increase coverage, and tax and future risk relief through quality funds and insurance solutions designed to meet the needs of different groups of salary earners, along with financial health check services to measure their financial immunity and plan personal financial management appropriately.

TTB is committed to driving its mission towards the goal of helping Thai people reduce their debts sustainably and is actively expanding partnerships with various organizations that share the same intention to enhance the financial quality of life and welfare for employees in organizations, reinforcing its role as more than just a typical salary account to create better financial lives.

For more details, please visit https://www.ttbbank.com/th/payroll/private-employee.

TTB emphasizes responsible lending and encourages borrowing only as necessary and ensuring repayment capability. For example: Home refinancing loans have a real interest rate of 3% - 4% per annum, calculated based on MRR-4.115% to MRR-3.515% per annum. The MRR rate as of December 23, 2023, is 7.205% per annum. For car loans without title transfer, the real interest rate ranges from 13% - 24% per annum, with floating interest rates subject to change. Loan application and approval conditions are subject to the bank's criteria. For more calculation details, please visit www.ttbbank.com.

Life Insurance Warning: Buyers should understand the coverage details, conditions, and exclusions before deciding to purchase insurance. Life insurance is provided by Prudential Life Assurance (Thailand) Public Company Limited. TMBThanachart acts only as an insurance broker and is responsible solely as a broker.

Fund Warning: Investors should understand the product characteristics, return conditions, risks, and study the tax benefits specified in the investment guide of the ThaiESG or RMF funds before deciding to invest. Failure to comply with tax conditions will result in the loss of benefits according to the fund's conditions. Tax deduction conditions are subject to the criteria set by the Revenue Department.