The government is preparing a flexible long-term savings mechanism for citizens facing an ageing society.
The Thai Ministry of Finance plans to launch a new individual savings account program, known as the Thailand Individual Savings Account (TISA), by September 2026. This initiative aims to encourage savings among the population further, building on the successful experience of the government’s retail bond program, Aom Plus (Savings Plus). The main goal of the new program is to encourage long-term savings to ensure citizens have sufficient financial resources for retirement.
Finance Minister Eniti Nitithanprapas announced that the ministry also intends to complete the detailed investment framework for TISA by September 2026. Thailand’s rapidly ageing population is driving the creation of the new program. Currently, about 20% of the country’s residents are 60 or older, while the overall household savings rate remains relatively low, posing significant challenges to the national economy and social security system.
The TISA program will differ significantly from previous investment products that offered tax benefits. These products previously included the Long-Term Equity Fund (LTF), Retirement Mutual Fund (RMF), and Super Savings Fund (SSF). While these previous schemes had their own specific terms and restrictions, TISA aims to provide greater flexibility.
A key feature of the new system will be the ability for every citizen to choose investment options based on their individual risk tolerance. This will allow both novice and experienced investors to tailor their savings strategies more precisely to their personal financial goals and risk tolerance, something that wasn’t always possible under previous, more standardised programs.
The funds accumulated through the TISA program are also expected to support the development of Thailand’s stock market significantly. Increased capital inflows from private investors will contribute to the market’s depth and liquidity. Furthermore, this initiative aims to encourage younger generations to begin investing and saving through the stock market from the very beginning of their working lives, fostering a culture of financial literacy.
The Royal Thai Government continues to develop the tax deduction structure for the TISA program. The key objective is to find the optimal balance between providing attractive incentives to the population and maintaining fiscal sustainability of the state budget. This aspect is critical to the long-term success and attractiveness of the new savings program.
In addition to launching TISA, the government is also actively promoting other savings instruments, particularly the Savings Bond Plus program, which opened for subscription this week. This program continues the government’s efforts to attract public funds and create accessible and reliable investment opportunities for a wide audience.
Bonds issued under the Savings Bond Plus program will be issued using a “small lot first” allocation principle. This means that applications from retail investors and the general public with smaller investment amounts will be prioritised. This approach is intended to improve access to government savings bonds for ordinary citizens and prevent large institutional investors from dominating.
Read More Articles Here
Read More Articles Here
