Dec 14 2012, 03:23 PM
QUOTE(lalachong @ Dec 13 2012, 02:22 PM)
no.. they count net basis... means you can have tax deduction this year...
then in 2013 u withdraw... u have -ve balance... then u put in another 6k.. become zero.. so no tax deduction, unless u put in 12k...
and on and on...
anyway, not easy to withdraw, because only few reason for full withdrawal - deceased and further children education (with proof of University/ College acceptance)
partial withdrawal is allowed - 5% of your balance, and max RM100, something like that.. and very hassle to withdraw...
does this help?
Thanks for the sharing then in 2013 u withdraw... u have -ve balance... then u put in another 6k.. become zero.. so no tax deduction, unless u put in 12k...
and on and on...
anyway, not easy to withdraw, because only few reason for full withdrawal - deceased and further children education (with proof of University/ College acceptance)
partial withdrawal is allowed - 5% of your balance, and max RM100, something like that.. and very hassle to withdraw...
does this help?
This sounds like...money is easy to go in and hard to come out?
With the tax relief benefit, guess this thing is able to attract more and more people to jump into the pool .
I am also one...nearly...and still observing
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