How much is aged pension in Thailand?
Transfer amount is tiered according to age. Those aged between 60-69 receive 600 Baht a month. Those aged between 70-79 receive 700 Baht a month. Those aged between 80-89 receive 800 Baht a month.
This guide provides an overview of different issues concerning social security in Thailand.
Social security registration is mandatory for employees in Thailand under labour law and allows employees to access social security benefits.
Knowing the following social security information is imperative if you are an employer or employee in Thailand.
What is social security in Thailand?
Social security is a fund providing security and coverage to insured individuals. Employers and employees are required by the Social Security Act to make contributions to the Social Security Fund on a monthly basis.
What is the social security contribution in Thailand?
The current contribution rate is 5% of the employee’s salary.
The minimum salary to be calculated is THB 1,650 and the maximum is THB 15,000; therefore, the minimum contribution is THB 83, and the maximum is THB 750. Even though an employee’s salary exceeds THB 15,000, the maximum contribution will be THB 750.
Contributions must be submitted to the Social Security Office within the 15th of the following month.