maintain 6% while exch rate drops 25%.

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This post has been edited by poooky: May 22 2024, 10:03 AM

Why? Aren't they both separate entities?

They need to increase tax relief to 50k. Then ppl will start adding to the pot

Depending on how you look at it, this has already been happening indirectly for a while now, just recent more direct guidance to buy bursa. Next time can also say national security to save the nation.

Not saying it is good or bad. I think the way we are going, maybe it is better to consider it the cost to maintain the status quo.

Convention 4.5, Syariah 4.8. coffers empty need to refill cannot give too high.

Is it worth it to buy medical card using i-Lindung? or paid cash? thinking of Etiqa OneMedical plan.

So recommended to get both the medical card and critical illness plan for max coverage? Means total coverage is up to 150k for medical card + 200k critical illness?

same concern with young ppl around the world. they need to pay into a system that may or may be there when they need it.

feels bad when those >50 knowingly dismiss concerns and continue die2 ask ppl to all in. like they want to ensure there is enough fund to cover their withdrawal of millions cash when the time come.

when ppl think of pension they think gahmen pencen with perpetual tax free income from retirement at 55 until death 20-30 yes later and then pay to spouse and kids.

But now they frame EPF as pension when it is own money. Then some more only paid out until balance is 0... Not in perpetuity.. To do like since so soon after increase to 1.3m is not a good sign.

Instead if they want more ppl to deposit they should increase tax relief from 7k to same like 100k deposit limit. But also cannot because then not enough income tax revenue. So the only thing to do is to raise limit to stop ppl from withdraw so soon and use those funds for investment and to plug gaps.

This is why confidence is shaken. Big institution and departments, yet suka2 release vague statements. People question for sure. Then suka2 only later on say won't affect current members and then expect like nothing happen back to usual. People with all the resources and iron ricebowl to focus only on manage people's money that they must put into by law also like playing broken telephone.

Also same with 1.3m limit. Is like all also unsure. One side say a bit here, then another side come out say a bit there, then another department say something else.

Any plans by lhdh to increase tax relief for voluntary contribution? Current 4k + 3k only. Should allow up to 100k pa limit. Sure will increase contributions.