Thailand has one of the fastest ageing populations in South Asia
Bangkok Post reports that the Thai cabinet has approved four new measures on Tuesday that are aimed at helping its ageing population remain self sufficient.
Under the proposed measures, the elderly will receive help in finding jobs, residences and in earning regular incomes.
According to the report, the first measure was a tax incentive for operators who employed people aged 60 and above. The operators will be able to deduct twice their spending on these employees from their taxable income.
Recovering assets or funds from a deceased family member in Thailand requires a court order which is handled by experienced family lawyers in Thailand specializing in Thai inheritance law
The second measure proposed was a “senior complex” project where the government will support housing for the elderly built on state owned property.
The third measure includes reverse mortgages- elderly can submit debt-free property in exchange for money and the last measure was a mandatory pension fund for all employees of the government and the private sectors, government officials and state enterprise employees who had not been a member of a provident fund.
The measures are meant for elderly people who are not shareholders, incumbent or former business executive.
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