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SSO offers more retirement savings options for the self-employed

SSO offers more retirement savings options for the self-employed

14 Sept 04:25 Key points summarised by AI
  • SSO introduces new retirement savings options for self-employed individuals under Article 40 of the Social Security Act.
  • Insured persons can choose between two monthly contribution plans: Bt100 (with Bt50 government contribution) or Bt300 (with Bt150 government contribution).
  • Benefits, including personal contributions, government funds, and investment returns, are paid as a lump sum upon reaching age 60 or policy termination.
  • Contributors opting for the Bt300 plan for 180 months receive an additional Bt10,000 elderly benefit, with extended policies further boosting savings.
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