Post by mangomoney on Oct 9, 2018 12:22:16 GMT 7
Article from BKK post's personal finance section covers the basics of LTFs and RMFs, including:
-> How to Pick LTFs
-> Top 10 LTFs
-> Suitable Investment Time
-> LTFs or RMFs
-> Other tips
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Spoiled for choice
Asset managers discuss the considerations for LTF and RMF investment.
8 Oct 2018
NEWSPAPER SECTION: BUSINESS | WRITER: NUNTAWUN POLKUAMDEE
With the end of 2018 approaching, it's time for income earners to review their tax-saving strategy to ensure that they maximise returns when tax filing season starts early next year.
Tax-saving investments are a good option for individual taxpayers because they not only lower tax bills but also generate tax-free income. Long-term equity funds (LTFs) have become the most popular investment channel for tax-efficient returns.
To enjoy such tax benefits, salaried and non-salaried earners must ensure that they understand and are qualified for the tax-advantaged investments. These investments can be a headache if conditions are not met.
Taxpayers can deduct contributions to LTFs worth up to 500,000 baht each tax year, but no more than 15% of annual assessable income, whichever is lower. The lock-up period for investment in LTFs is at least seven calendar years. This means LTF unit holders can own the funds for slightly more than five full calendar years, buying the units as a year-end approaches and redeeming them early in the seventh year.
With the end of 2018 approaching, it's time for income earners to review their tax-saving strategy to ensure that they maximise returns when tax filing season starts early next year.
Tax-saving investments are a good option for individual taxpayers because they not only lower tax bills but also generate tax-free income. Long-term equity funds (LTFs) have become the most popular investment channel for tax-efficient returns.
To enjoy such tax benefits, salaried and non-salaried earners must ensure that they understand and are qualified for the tax-advantaged investments. These investments can be a headache if conditions are not met.
Taxpayers can deduct contributions to LTFs worth up to 500,000 baht each tax year, but no more than 15% of annual assessable income, whichever is lower. The lock-up period for investment in LTFs is at least seven calendar years. This means LTF unit holders can own the funds for slightly more than five full calendar years, buying the units as a year-end approaches and redeeming them early in the seventh year.
.... more
