Provident Fund

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	Provident Fund


		Give your employees peace of mind by setting up a provident fund through Bangkok Bank.

	The Bangkok Bank Provident Fund enables you to offer your employees a secure income in the case of death, disability, resignation or retirement. You can also offer provident funds to your staff as part of a range of benefits to attract them to join the company.
	The fund is made up of:
	Savings by employees which are deducted every month from their wages at the minimum of two percent and a maximum of fifteen percent Employer contributions which are equal to, or higher than employee contributions Donations to the fund Benefits generated by the fund's investments


	Provident fund plan types
	Single fund This is comprised of only one employer and all of their employers under one company name. The funds board of directors is eligible to set their own investment policy. Pooled fund Pooled provident funds are when different companies join together in one fund. The companies share the same investment portfolio set by the bank.

	What are the benefits?
	Both employers and employees in the provident fund benefit. Employees gain tax benefits on the contributions they make to the fund and they get their money back if they resign from the company or pull out of the fund. Also, they are eligible for a maximum tax rebate of 300,000Bt depending on the total amount of contributions they make per year. For employers, the contributions they make to the fund are treated as expenses for tax purposes. These can be deducted from their tax return as long as the total contribution is not greater than 15% of their total wage bill. Learn more...

	How does a provident fund work?
	Once registered, the fund will be legally defined as a separate legal entity. When the provident fund starts, a portion of employees' salaries will be deducted and channeled into the fund. Employers can also contribute an amount which is equal to the employees' contributions or higher. The funds contributed is owned by all registered members. Since the provident fund is strictly regulated by the Securities and Exchange Commission (SEC), the fund manager has to invest all of the money in compliance with the law as defined in the Provident Fund Act. Employees can get the total amount of their contributions upon their resignation or retirement under the conditions fixed by law. In case of disability or death, employees will received the funds according to the policy.

	Credentials
	We received our fund management license from Ministry of Finance on 28 June 1996. We are currently the fund manager of more than 500 corporations providing investment services for more than 155,000 members. We are supervised and controlled by the office of the Securities and Exchange Commission.


	*Fund investments have certain risks so investors should study all information before making a decision.

:: Contact us ::

Review the plan types listed to find the best one that suits your business needs. Our provident fund management team can provide you with more details.

Please call

(66) 0-2230-1580

(66) 0-2626-3501
or fax

(66) 0-2636-5697

(66) 0-2231-4801
or Email

Fund management overview
Provident fund benefits
Private fund
Questions and answers


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