Investment Conditions for RMF

Invest in RMF in accordance with related terms and conditions to gain full tax benefits

​​​Investment Conditions for RMF
Investment periodInvestment units can be redeemed after 5 years if they have been held continuously, and the holder is at least 55 years old.
Investment ContinuityAnnual investment is required (a waiver of 1 year is allowed). Investment must be made continually for 5 years, and tax benefits are available in the years of investment.
Annual Minimum InvestmentThere is no set minimum investment. However, purchase must be made on a continual basis, at least every alternate year.
Annual Maximum InvestmentPurchase can be made up to 30 percent of taxable income, which must not exceed 500,000 Baht when combined with investment in other retirement savings funds, namely Social Security Fund (SSF), Provident Fund, Government Pension Fund, Annuity, Private School Teacher Welfare Fund(PSTWF), or National Savings Fund.​
Breach of Investment Conditions

Breach occurs in any of the following situations:

  • Investment has not been made more than 1 year in a row although the holder still earns income;
  • Investment amount does not meet the established condition;
  • Investment units are redeemed before the holder is 55 years old; or
  • Investment has not been made for the period of 5 years,

Except for physical disability or death.

Practices in case of breach
  1. In case of breach and investment for less than 5 years:
    • The entire amount of tax exemption* must be returned to the Revenue Department.
    • Capital gain from non-compliant redemption is deemed as taxable income in the year of redemption. KASIKORN ASSET MANAGEMENT shall deduct a withholding tax from the gain of not less than one Baht, based on the personal income tax rate.​
  2. In case of breach and investment for more than 5 years:
    • The entire amount of tax exemption for the past 5 years*.
    • Capital gain from incompliant redemption is not deemed as taxable income.
  3. * In case of late tax deduction payment, there is a surcharge of 1.5% per month, starting from the month of April of the year following the year of breach.