This is coming much sooner than I expect. Received a mail regarding my UK bank account (almost dormant) where the bank is asking for TIN (tax identification number) to comply with the CRS

The CRS site also updated to indicate that SG and MY is going to be onboard in 2018 I think

This should have big impact to the bosses who have lots of cash, shares, UT outside of Malaysia. For now I think properties not on board yet

You might have pay tax but if you are really good at saving up and investing, IRB may still flag the account and query you. It's the hassle that you have to go through to close the case la

Thanks for the information about retirement in Malaysia. I dont have any children and my wife is also a Malaysian citizen with Aust PR (migrated together in the late 80s). We are the same age. She has 2 units in MK (3-bedder and a studio) rented out which she bought a while ago - we will probably live in the 3-bedder when we return to KL. I was initially planning to buy another 1 or 2 apartment in MK with my retirement fund when i go back but a lot of my KL friends have advised me not to. I am now in 2 minds whether to leave my retirement fund in Aust (tax-free once we retire after 55) since the rental return on our 2 MK units are only averaging 3.8% per annum (used to be a lot higher but we had to cut rent last year to keep the Japanese tenants). My superfund gives me roughly 5-6%pa average over the last 10 years. What would you advise - to move money back or not?

Don't move all your money back. Why? In the long run, RM will depreciate. Bring back only what you need. Keep the rest in AU. If you bring back everything now, it's game over for you in the future as you cannot get more RM to spend.

overall surface looks good to outsider,  Inside/internal like crap

SAD SAD.. Sigh..

in this case
my above quote valid for internal to view like katak in tempurung  

is that a good thing? rules not so tight, not much paperwork. health check that are not strict?

1. Easy to masuk
2. Money is strong (but now they start complaining that our money also drop so they get less money when send money back)
3. If kena tangkap, just deport + free food. No rotan unlike SG.
4. Become citizen (good eg. Sabah)

Ha ha valid point also
everything $$$ payoff make Mal to become " open country
    what a good name created by them  " Open country" = Malaysia

Wtf is that? Next time if rakyat complaint again, BN will ask rakyat syukur la because we are still better than South Africa.              

Exactly - this is what i have been thinking. I have never in my whole working life seen such as a good exchange rate! I have no intention of ever coming back to live in Aust as i find lifestyle in KL much suited to my personality and most importantly, i have no kids! I have a big bunch of Malaysian friends all nearing retirement (in Sydney) and they have no intention of ever going back to live in Msia because they have kids and usually once you have kids, parents tend to want to live near their kids. One thing that surprise me when i am in KL is whenever i tell my friends i intend to come back to retire is they will say 'why do you want to come back? - we all want to migrate there to retire and you want to come back! Don't come back - Aust is better'. I have not met anyone of my friends who have actually encouraged me to go back to Kl to retire. This has been quite discouraging for me and it has made question my intention of retirement in KL over and over again. My wife has all her relatives in KL (none in Aust) and she will never want to live in Aust when she is older (also very cold in winter!) while i have half my relatives in Msia - cannot upset my wife as she does all the cooking and housework. Ha.Ha.

Once you permanently retire after 55, your retirement fund goes into pension phase where you pay 0% tax (yipee!) on all earnings (incl dividend) from the fund so you get all the franking credits back (most company pay 30% tax so you get all the 30% tax back once you retire) - don't have to worry as the superfund will work it all out for you. The govt is trying to encourage citizens to put in as much money to super (in Aust we call it super, in Msia epf)so that when you turn 67, you don't need to rely on the govt pension which is very generous (couple gets A$675/week old age pension and you can still get it eventhough you have A$800k (there is a formula where the pension cuts off completely around the A$820k (couple) and you get the full pension if you have less than A$320k). If you don't have much money in old age, Aust is the place to be but unfortunately, both my wife and my super well exceeds the A$820k limit. This is the reason why a lot of people want to come to Aust when old. Also, Aust has one of the best public hospitals in the world (i must admit that they are world class) and is free to their citizens (and PRs).

You raised something very interesting here - i would have assumed superfund is our retirement money so basically it is our savings so upon retirement surely the govt cannot force us not to live elsewhere (or penalize us by having to pay tax just because we elect to live in another country). I suspect they don't see too many cases like me who wants to retire overseas permanently with their superfund in Aus). I know with the Govt old age pension (at age 67), they will stop giving you if you leave Aust for more than 6 weeks (or something like that) as they feel that if you have enough money to go overseas for so long surely you don't need government help.

I have just verified with my superfund - we can elect to live anywhere in the world and it will not make any difference as it is our savings unlike welfare from the govt. The govt is quite happy with this arrangement because the govt is under so much burden with welfare (people are saying Aust will eventually end up like Greece because of the welfare that they are pumping out). This is why the govt gives us incentive like 15% tax only when you put into super (this is really good for higher income earners) but you are limited to only $25k a year.

You actually have option to choose your place of retirement 

Many here in Malaysia do not have the choice. Count your option as a blessing

Retirement is a long term plan. Which needs decades of planning. It's good you are thinking of it now since it is still about 20 years away...Recently there are 2 person here asking about retirement, and they have to make their hasty decision about where to retire and if they have enough to retire. That is really bad (or no) planning. Doubts and uncertainties about the future is the last thing they want just before retirement

Retirement is about living an easy and exciting life without the worry of finances and schedule. Doing things we cannot afford the money and time when we are still working. Without good planning, we will instead put ourselves into a stressful position in a stage where our age is not flexible enough to make quick changes.

Good to be young, and all the best to you in your planning !

Not expert, but speaking from experience 

Now in my 50s, can retire, but still have business to pass my time. Have option living in my, sg, au, uk.

Of the 4 countries, I like au the best...and my is second 

My personal opinion on where to retire : if you have money, anywhere is good 

agreed

$ falling n falling... index at 92.44.

helps those buying $ now with RM.

no help for other major currencies... SGD, AUD, Euro...

Euro at 2.5 yr high against $.

Rothschild dump us$? source?
Turbulence create opportunity.

RM getting stronger recently...

Already strengthened against SGD. 3.14x > 3.12x