B-SELECT
Top Investment Funds Q1/2025
Thailand ESG Fund (Thai ESG)
Invest in Thailand’s sustainability efforts by investing in Thai ESG fund and receive tax benefits in accordance with conditions of the Revenue Department.
Retirement Mutual Funds (RMF)
The Funds provide a long-term savings plan for your retirement and offer tax benefits in accordance with conditions of the Revenue Department.
Bualuang Asia Technology RMF
The Fund invests in the investment units of Wellington Asia Technology Fund, USD S Accumulating Unhedged (the Master Fund), which focuses on investing in equity securities of technology companies and technology-related companies that are registered or operating in the Asia region. The fund also promotes sustainable investment (Environmental, Social, and Governance: ESG)
Bualuang Equity Opportunities RMF
The Fund invests in the investment units of Pictet-Global Thematic Opportunities (the Master Fund), which focuses on investing in stocks of companies that benefit from demographic structures, environmental factors, lifestyle changes, and other trends that will drive long-term global transformations.
BUALUANG MAPS RMF
The Fund invests in the investment units of CIS funds, infrastructure funds, property funds/REITs, and/or ETF of two or more funds (the destination fund) both domestically and internationally. Choose from three alternatives with different investment proportion in equities.
Additional Information for Thai ESG
Tax benefits of Thai ESG Fund
For investments in Thai ESG Funds made between January 1, 2024 – December 31, 2026, investors are eligible for a tax deduction of up to 30% of the individual’s assessable income for purchases of investment units of up to a maximum of 300,000 baht / year.
For investments outside the aforementioned period investors are eligible for a tax deduction of up to 30% of the individual’s assessable income for purchases of investment units of up to a maximum of 100,000 baht / year.
Investments in Thai ESG funds are not combined with the total of tax deductible investment of up to 500,000 baht allowable from investments in Retirement Mutual Fund (RMF), Super Savings Fund (SSF), provident funds, government pension funds, private teacher aid fund contributions, national savings fund and annuity insurance premiums.
For investments outside the aforementioned period investors are eligible for a tax deduction of up to 30% of the individual’s assessable income for purchases of investment units of up to a maximum of 100,000 baht / year.
Investments in Thai ESG funds are not combined with the total of tax deductible investment of up to 500,000 baht allowable from investments in Retirement Mutual Fund (RMF), Super Savings Fund (SSF), provident funds, government pension funds, private teacher aid fund contributions, national savings fund and annuity insurance premiums.
Conditions of Thai ESG Fund
- Investments in Thai ESG funds between January 1, 2024 – December 31, 2026, must be held for at least 5 consecutive years from the first investment date to the anniversary date, except in the event of disability or death of the investor.
- Investments in Thai ESG funds before January 1, 2024, must be held for at least 8 consecutive years from the first investment date to the anniversary date, except in the event of disability or death of the investor.
- Tax deductions can only be claimed in the year an investor invests in the fund.
- Continual annual investments are not required.
Breaching investment conditions of Thai ESG Fund
In the case that the investment exceeds tax privileges.
- Investments that exceed tax privileges are not eligible for tax deductions.
- Capital gains incurred from redemption of the investment which exceed tax privileges must be incorporated into other income as taxable income.
In the case that the tax privilege was acquired, and the investor breached conditions.
- Investors must pay the income tax for the tax year during which the investment was deducted from income tax for exemption.
- If there are capital gains incurred from redemption, investors are required to:
- Pay withholding taxes according to the Revenue Code Section 40 calculated according to their tax rates.
- Incorporate the capital gains incurred from redemption as a taxable income.
- Investors must pay a surcharge to the Revenue Department at a monthly rate of 1.5% on the exempted tax amount but not more than tax payable amount. The period designated to pay the surcharge will be after the last day of tax filing, or the remittance period of the year the investor applied for tax exemption until the date of payment or remittance of additional taxes. It is suggested that the investor should pay as soon as possible.
Breaches of investment conditions 1 to 3 are not applicable in the event of death or disability of the investor, in accordance with the conditions of the Revenue Department.
In this regard, investors must comply with the regulations stated in the Thai ESG handbook.
Thai ESG Handbook (Available in Thai only)
Additional Information for RMF
Tax Benefits for RMF
- Investments made from January 1, 2020
You can claim the actual amount of your RMF investment for a tax deduction of not more than 30% of your taxable income and not more than 500,000 baht in total for that tax year. The tax deduction covers investments in RMF, Super Savings Fund (SSF), provident funds, government pension funds, private teacher aid fund contributions, national savings fund and annuity insurance premiums.
- Investments made before December 31, 2019
You can claim the actual amount of your RMF investment for a tax deduction of not more than 15% of your taxable income and not more than 500,000 baht in total for that tax year. The tax deduction covers investments in RMF, provident funds, government pension funds, private teacher aid fund contributions, national savings fund and annuity insurance premiums.
Investment Conditions for RMF
- Annual investment is required until the investor is 55 years old without a minimum investment amount required. Investments made before January 1, 2020 had a required minimum investment amount of at least 3% of your taxable income for any individual tax year or 5,000 baht, whichever amount is lower. However, a grace period of one year is acceptable or in the years that the investor has no income.
- Investment of RMF must be held continuously for 5 or more years from the first date of investment (counting from the first investment date to the anniversary date) and can be redeemed when the investor is at least 55 years old. Investments made before March 1, 2008 can be redeemed on or after the date of the 5-year anniversary of the first investment (counting from the first investment date to the anniversary date).
Breaches of RMF Investment Conditions
In the case that the investment exceeds tax privileges
- Investments that exceed tax privileges are not eligible for tax deductions.
- Capital gains incurred from redemption of the investment which exceed tax privileges must be incorporated into other income as taxable income.
- In the case that investments held for less than 5 years from the first date of investment (counting from the first investment date to the anniversary date), conditions are breached. Investors are required to:
- Return the entire amount of the relevant tax exemptions to the Revenue Department
- If there are capital gains incurred from redemption, investors are required to:
- Pay withholding taxes according to the Revenue Code Section 40 calculated according to their tax rates
- Incorporate the capital gains incurred from redemption as a taxable income - For investments held for 5 or more years from the first date of investment (counting from the first investment date to the anniversary date) and with no grace period for more than one year regarding the minimum investment, redemption made before the age of 55 (does not apply to investments made before March 1, 2008). Investors are required to:
- Return the entire amount of the relevant tax exemption received for the past 5 calendar years to the Revenue Department (starting from the year prior to the one when conditions were breached)
File a tax deduction repayment to the Revenue Department by the end of March, in the year following the breach of conditions. If there is a delay in repayment, investors will need to pay a surcharge at the monthly rate of 1.5% on the exempted tax amount.
Breaches of investment conditions 1 to 2 are not applicable in the event of death or disability of the investor, in accordance with the conditions of the Revenue Department.
In this regard, investors must comply with the regulations stated in the RMF handbook.
RMF Handbook (Available in Thai only)
Notes
For more information, or to request a prospectus, please contact
- Investments are not deposits and carry the risk that investors may not receive their money back in full when the investment is redeemed (the principal is not guaranteed)
- Investors are strongly advised to study the product characteristics including the prospectus, fund policy, return conditions, risks, fund performance, tax benefits and consequence when violating the investment condition in the RMF/Thai ESG handbook or asking for additional information and advice before deciding to invest
- The off-shore investment funds have no currency risk-protection policy for most, if not all, of their value. The currency risk policy is at the discretion of the Management Company. Investors may experience currency losses or profits, or receive a return less than their initial investment
For more information, or to request a prospectus, please contact
- Bangkok Bank, call 1333 or visit www.bangkokbank.com
- BBLAM, call 0 2674 6488 press 8 or visit www.bblam.co.th
- BCAP Asset, call 0 2618 1599 or visit www.bcap.co.th
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