The attractive point is the tax relief if you are at the higher tax bracket........

If you can live without that RM3k annually, its a great deal.....

Say at 24 % (more than 100k taxable income annually), so annually, instead of giving RM720 to the government as tax, you keep that RM 720 as retirement fund. Of course the remaining RM 2280 can't be touched till you are 55 years old.....

Anyway, the tax relief just applicable till 2022 only if I'm not mistaken which you can stop contributing then.

This post has been edited by neospider: Nov 18 2014, 10:17 AM

Till year 2021 then...