Guess i should just close shop and go apply for welfare then. This month almost end and i still cannot take my salary out -.-" looks like really forcing me to pull the life support. 😂 2k is already more than i can make a month.

Not enough money coz sales like non existence

Just now he say 500mil to each account 1 that is less than 10k!? So suddenly everybody with less than 10k becomes 500mil richer? 😂

lucky didn't say anything about tier dividends...

if not, sure burned one 

Your son 40 to 54 meh? Sheesh!

Won’t be rushing as whatever sold here is older models while it is cheaper to buy overseas 🤦‍♀️

Even SG recently increased GST but still no rush and crowds buy luxury goods

Those who buy luxury goods will always be from abroad not just because of the price but the exclusivity and the rarity of the item itself hence the tax is peanuts compared to it

The luxury tax will hit hardest to those reseller of those goods ie 3rd party stores 👏

https://www.pwc.com/my/en/publications/mtb/...income-tax.html

Updated publication of tax increases on the T20-5.
Biggest hit is on those earning 600k to 1 million.
They do not want to tax their rich cronies.
Instead they raise the taxes on those earning from 100k to 1mil.

M40 benefits from this.
Reason I put it as T20-5. Top 5% is untouched.
Its the bottom T20 which is made to pay.

So far Budget got no news on -
1. Increase self contribution to RM100K
2. Extension tax relief of SSPN RM8K to 2023
All goodies in Oct 2022 budget disappeared.

No direct correlation to T20.

"T20 is a group of households with monthly household income of RM10,960 and above which covers 1.46 million households".

A married couple each earning RM5,500 is also T20 in Malaysia already.

This must be it!

I bet my bottom dollar that it will be slightly higher than the actually achieved % due to the political forces (new govt, state elections, etc).

It will be announced on 29 Feb 2023

From the way I see it, even if the retirement age is extended until 65, whats gonna happen is the Account Emas will just run proportionately till 65. The current full w/d at 55 would remain as is. However, I feel extension of retirement age will be unlikely for now as the younger grads need to get employed too.

The reason for extending retirement age is due to an ageing society and most older folks need to work to live. Thats fine but the need to work to survive only applies to a portion of the 50-60 cohort, not everyone.

I would just continue self contributing to the max, unless there is an attractive investment oppty of equal risk. Anyway, its still possible to w/draw anytime. To worry about how PMX will impose new policies, I would not lose sleep over this issue.

Otherwise it would be like constantly worrying whether your wife is sleeping with someone else behind your back.

Hoping for the great news before i fly off for holidays!   It's whether i eat Whagyu or Australian grass fed.  

I no need predict, i guranteed it is 6.15%
2023 i might not able to gurantee yet.

It sad that i guess most of us working adult now had heard of these rumour before when we're kid..... even untill now i still heard some of my uncle auntie say they total ban EPF because the govt had emptied it and our retirement saving is all gone....

and i'm still confused why my parent withdraw all their EPF when they reach 55 and put it in FD......

If there is a will there is a way

Even lowyat has many resources on how to open an overseas acc

problem is majority of ppl doesnt have extra disposable income to allow them to invest......many ppl dun even have 6 months of emergency funds, and heck some cant even take out RM 1000.........

How do you treat these foreign assets in your will?

Epf is also diversified, about 37% of EPF AUM in overseas assets now.

since i start working, invest twice in bursa and both time kena burn..........so on hold 1st.....wait i settle down and kids grown up, i'll buy bank share and keep for retirement liao....

Good morning Seniors n Sifus,
Is dividend oledi banked in?
Unker cut costs, no buy newspaper. Tq

Why buy newspaper when there is free news lying around 🤦‍♀️

Otherwise it is free in nearby 711 for the sun 😂
Who knows maybe they might do that after the 100 day survey and the date itself

100 days still not yet in sight as honeymoon vibes is rubbing off with the bajet

then we buy more apple-based company's stock XD