Retirement Lottery Announced!

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Key Changes to Thailand's National Savings Fund!

The Royal Gazette officially published the National Savings Fund Act (No. 2) B.E. 2568 on November 7, 2025, bringing significant changes, including the introduction of a "Retirement Lottery" mechanism.

This new Act aims to ensure the efficient management of the Fund's assets and the return of old-age savings to savers and their heirs.

Key Takeaways from the New Act:

  • Effective Date: The Act will take effect 60 days after the announcement date.
  • New Lottery Authority: The National Savings Fund Committee now has increased authority to determine the method of selling, purchasing, and paying prize money for the Old Age Savings Lottery.

The Government Savings Bank (GSB) Lottery:

  • What it is: A digital scratch-off lottery ticket.
  • Price: 50 baht per ticket (maximum purchase of 3,000 baht per month).
  • Availability: 5 million tickets are available per draw, with prizes awarded every Friday at 5:00 p.m.

Eligibility & Purchase:

  • Open to Thai nationals aged 15 and over.
  • To purchase, you must first express intent to the Fund for qualification checking.
  • Apply and purchase easily via the GSB application using your 13-digit National ID.

Prizes:

  • First Prize: 1 million baht (5 prizes)
  • Second Prize: 1,000 baht (10,000 prizes)
  • Special Prize (Jackpot): If no winner in a draw, the prize money is rolled over as a special prize in the next draw.
  • Winning bidders receive winnings instantly via PromptPay.
  • Benefit: Money from lottery sales will be used by the Fund to benefit savers.

When Will You Get Your Refund?
Refunds are generally available upon reaching 60 years of age.

Special conditions for receiving savings early include:

  • For Savers 60+: If over 60, you can purchase GSB lottery tickets and receive the money back after 5 years from the date of the first purchase. Each purchase requires a 5-year saving period.
  • Death: All savings are paid to the declared recipient or, if none, to the heirs.
  • Disability: A saver, if certified as disabled by a government-certified physician, can request to receive all or part of their savings (up to 3 requests).
  • Loss of Thai Nationality: The saver can request a full refund of all savings, but can no longer purchase lottery tickets.