Dec 13 2012, 02:22 PM
QUOTE(joyride997 @ Dec 12 2012, 10:18 PM)
so, i could have tax deduction for this year.. then withdraw next year 2013....
and then in Dec 2013, i add another RM6000 to have tax deduction.. and again, withdraw in 2014 Jan....
on and on and on......
OK kah? doesn't sound logical ...
no.. they count net basis... means you can have tax deduction this year... and then in Dec 2013, i add another RM6000 to have tax deduction.. and again, withdraw in 2014 Jan....
on and on and on......
OK kah? doesn't sound logical ...
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?
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