Disseminating ministerial regulations to adjust the rate of cumulative payment to the National Savings Fund Maximum not more than 30,000 baht, the state pays a maximum contribution of 1,800 baht per year, effective from 1 Jan. 23
On March 3, 2023, the Royal Gazette website Phrae ministerial regulations prescribing the rate of contributions and contributions B.E. for that calendar year to be consistent with economic conditions increase the incentive to save creating stability in life in old age and to support the aging society
Increase accumulated money – contribute to the NGO receive a pension of 1.2 thousand baht / month
Self-employed, 50 years or more, saving money, 100% contribution, equivalent to a deposit equal to 9% interest per year.
Members are required to pay contributions to the fund at least 50 baht per month, but when the total amount must not exceed 30,000 baht for that calendar year.
In this regard, the government shall pay contributions to the fund for members at the following rates:
1. In the case of members under 30 years of age, contributions shall be made at the rate of 50% of the members’ contributions that contribute to the fund. When combined, must not exceed 1,800 baht for that calendar year. (Formerly paying contributions of 50% when combined must not exceed 600 baht)
2. In case of members aged over 30 – 50 years, contributions shall be made at the rate of 80% of the members’ contributions that contribute to the fund. When combined, must not exceed 1,800 baht for that calendar year. (Originally paying contributions of 80% when combined must not exceed 960 baht)
3. In case of members over 50 years of age, contributions are made at the rate of 100% of the members’ contributions that pay into the fund. When combined, must not exceed 1,800 baht for that calendar year. (Formerly paying contributions 100% when combined must not exceed 1,200 baht)
effective from January 1, 2023 onwards.
