LTF replacement decision scheduled for next weekAn electronic board advertises benefits from savings through RMFs and LTFs. The lock-up period for a new type of tax-saving fund will be longer than the one for LTFs, according to a source. LTFs' lock-up period is set at seven calendar years. The source said the new tax-saving fund's investment policy will not require allocating money to state infrastructure projects. Meanwhile, Finance Minister Uttama Savanayana said the new type of mutual fund to replace LTFs will be decided by next week.

Source: Bangkok Post November 21, 2019 23:27 UTC