SEC Secretary-General Ruenvadee Suwanmongkol said that she has signed the notification on Detail of the Mutual Fund Scheme for Establishing the Super Savings Fund (SSF) which has the policy allowing to invest not less than 65% of net asset value in listed securities on the Stock Exchange of Thailand and the notification on waiving fees for the application and registration of such funds for asset management companies. Both notifications are to be published in the Royal Gazette.

“Asset management companies wishing to establish these SSFs can submit draft applications to SEC consideration in advance. Applications for non-complex SSFs will be considered by an auto-approval scheme,” according to Ruenvadee.

At the cabinet meeting on 10 March 2020, the government approved several measures, including allowing investors an additional tax privilege for their investment in SSF units investing not less than 65% of net asset values in listed securities on SET. Investors are permitted to deduct an actual investment amount, but not exceeding 200,000 baht, from annual assessable income as an additional personal income tax allowance, separate from the tax allowance for investment in SSF regular, and not subject to the ceiling of the tax-deductible amount applied to retirement-related funds. Purchases must be made between 1 April 2020 and 30 June 2020 and investors must also hold their investment units for not less than 10 years. 

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