QUOTE(ronnie @ Oct 24 2023, 10:49 PM)
Insurance covers Me & Family.... all million RM medical coverage
And keep increasing time to time....As u aged 😁
I mean the payment made to the company
EPF - self contribution, need advise
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 Oct 24 2023, 11:47 PM
Show posts by this member only | IPv6 | Post
#2724
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All Stars
48,552 posts Joined: Sep 2014 From: REality 
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As u aged 😁 I mean the payment made to the company |
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Oct 25 2023, 12:07 AM
Show posts by this member only | IPv6 | Post
#2725
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Junior Member
512 posts Joined: Nov 2021
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QUOTE(virtualgay @ Oct 24 2023, 03:58 PM) those who have yet to do self contribution please read this and it might change your mind: it seem like not approve yet in budget?https://www.kwsp.gov.my/en/web/guest/w/budg...-infrastructure Expanding the scope of annual tax relief for life insurance premiums or life takaful contributions to cover voluntary contributions to the EPF of up to RM3,000 The EPF welcomes the initiative to expand the scope of annual tax relief for life insurance premiums or life takaful contributions to cover voluntary contributions to the EPF of up to RM3,000. This initiative can be enjoyed by all workers, both in the formal or informal sector, who make voluntary contributions to the EPF. This means that a member who contributes compulsorily (tax relief up to RM4,000) and increases savings with voluntary contributions or voluntary excess or both will be able to enjoy tax relief of up to RM7,000. This effort will encourage more Malaysians to increase their retirement savings for old age. |
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Oct 25 2023, 12:16 AM
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All Stars
18,469 posts Joined: Oct 2010
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QUOTE(virtualgay @ Oct 24 2023, 10:42 PM) what insurance you buy? so expensive QUOTE(ronnie @ Oct 24 2023, 10:49 PM) Insurance covers Me & Family.... all million RM medical coverage It is really cheap, only covers medical right?This post has been edited by MGM: Oct 25 2023, 12:17 AM |
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Oct 25 2023, 04:08 AM
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Senior Member
5,741 posts Joined: Apr 2019
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QUOTE(CommodoreAmiga @ Oct 18 2023, 08:16 PM) There is no such thing as "Female" in lowyat forum. It's the Universal truth. Makes me scared guys open thread showing their half pumped muscle and do a AMA thread. QUOTE(CommodoreAmiga @ Oct 20 2023, 11:21 AM) The only requirement is people not Getting employer contributions for the last 12 months. Not hard to check. Don't speculate so much lah. One line of SQL can pull out that data already. Another new criteria now is max RM5k. I don't think anyone hitting that yet because that will need over 10 years based on previous RM300 limit. What's max 5k? Total contribution from government you mean. |
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Oct 25 2023, 08:10 AM
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Senior Member
3,838 posts Joined: Oct 2011
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QUOTE(sg8989 @ Oct 25 2023, 12:07 AM) it seem like not approve yet in budget? This is 2023 budget. Already approved long time ago. |
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Oct 25 2023, 09:33 AM
Show posts by this member only | IPv6 | Post
#2729
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All Stars
48,552 posts Joined: Sep 2014 From: REality
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QUOTE(gashout @ Oct 25 2023, 04:08 AM) What's max 5k? Total contribution from government you mean. Yes.The new i-saraan scheme 5k for lifetime from government... Basically u got maximum 10 years only (500 for each year) gashout liked this post
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Oct 25 2023, 10:30 AM
Show posts by this member only | IPv6 | Post
#2730
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Senior Member
5,741 posts Joined: Apr 2019
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QUOTE(nexona88 @ Oct 25 2023, 09:33 AM) Yes. max 500/ yr? i thought 300/ yr.The new i-saraan scheme 5k for lifetime from government... Basically u got maximum 10 years only (500 for each year) below is 1-saraan Annual Dividend Enjoy annual dividends on top of your retirement savings. Special Incentive By 15% of the total contribution up to a maximum of RM300 in the current year following government terms and conditions. Tax Exemption Subject to IRB terms and conditions. Death Benefit Subject to EPF terms and conditions. |
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Oct 25 2023, 10:38 AM
Show posts by this member only | IPv6 | Post
#2731
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All Stars
48,552 posts Joined: Sep 2014 From: REality
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QUOTE(gashout @ Oct 25 2023, 10:30 AM) max 500/ yr? i thought 300/ yr. This year 2023 is rm300 maxbelow is 1-saraan Annual Dividend Enjoy annual dividends on top of your retirement savings. Special Incentive By 15% of the total contribution up to a maximum of RM300 in the current year following government terms and conditions. Tax Exemption Subject to IRB terms and conditions. Death Benefit Subject to EPF terms and conditions. Next year 2024 onward is rm500, max 5k lifetime |
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Oct 25 2023, 11:12 AM
Show posts by this member only | IPv6 | Post
#2732
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Senior Member
5,741 posts Joined: Apr 2019
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QUOTE(nexona88 @ Oct 25 2023, 10:38 AM) This year 2023 is rm300 max awesome, if that is the case, min contribution assuming at 6% is RM8350 contribution to get RM500/ yr from gomenNext year 2024 onward is rm500, max 5k lifetime |
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Oct 25 2023, 02:23 PM
Show posts by this member only | IPv6 | Post
#2733
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Senior Member
2,544 posts Joined: Jan 2003
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QUOTE(gashout @ Oct 25 2023, 11:12 AM) awesome, if that is the case, min contribution assuming at 6% is RM8350 contribution to get RM500/ yr from gomen The gov will match 15% of the contribution therefore to get rm500 is to contribute rm3334. |
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Oct 25 2023, 02:59 PM
Show posts by this member only | IPv6 | Post
#2734
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Senior Member
5,741 posts Joined: Apr 2019
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QUOTE(ikanbilis @ Oct 25 2023, 02:23 PM) The gov will match 15% of the contribution therefore to get rm500 is to contribute rm3334. You're right. Sorry. Math koyak today 😅 |
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Oct 25 2023, 03:54 PM
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Senior Member
3,290 posts Joined: Apr 2008 
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This is a PA
Time to prepare your 💰 money for next Monday 30th October If scare got issue then Friday can masuk This post has been edited by virtualgay: Oct 25 2023, 03:54 PM |
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Oct 25 2023, 06:06 PM
Show posts by this member only | IPv6 | Post
#2736
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All Stars
48,552 posts Joined: Sep 2014 From: REality
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QUOTE(virtualgay @ Oct 25 2023, 03:54 PM) This is a PA Sunday or Monday is good enough... Time to prepare your 💰 money for next Monday 30th October If scare got issue then Friday can masuk |
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Oct 26 2023, 04:02 AM
Show posts by this member only | IPv6 | Post
#2737
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Senior Member
5,741 posts Joined: Apr 2019
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QUOTE(virtualgay @ Oct 25 2023, 03:54 PM) This is a PA [CODE]Time to prepare your 💰 money for next Monday 30th October If scare got issue then Friday can masuk Done for the yr. Can't contribute anymore 😭 nexona88 liked this post
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Oct 26 2023, 09:25 AM
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Senior Member
3,290 posts Joined: Apr 2008
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QUOTE(gashout @ Oct 26 2023, 04:02 AM) [CODE] Ini ikan Whale... I can't remember whale in Malay... Is it PausDone for the yr. Can't contribute anymore 😭 |
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Oct 26 2023, 09:37 AM
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Senior Member
3,864 posts Joined: Jun 2022
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QUOTE(virtualgay @ Oct 25 2023, 03:54 PM) This is a PA 2 days only wor...like very risky.Time to prepare your 💰 money for next Monday 30th October If scare got issue then Friday can masuk |
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Oct 26 2023, 09:50 AM
Show posts by this member only | IPv6 | Post
#2740
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Senior Member
5,741 posts Joined: Apr 2019
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QUOTE(virtualgay @ Oct 26 2023, 09:25 AM) Ini ikan Whale... I can't remember whale in Malay... Is it Paus ikan belacan... all money locked away... prevent me from spending.... |
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Oct 26 2023, 02:28 PM
Show posts by this member only | IPv6 | Post
#2741
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All Stars
48,552 posts Joined: Sep 2014 From: REality
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Another day counting to month end...
Yet to see the the so-called "free" money from government that supposed to be credited in middle of September 😏😔 November probably... We shall wait for it... Beggers cannot be ego... Suck up & keep silent... |
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Oct 26 2023, 06:40 PM
Show posts by this member only | IPv6 | Post
#2742
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Senior Member
3,290 posts Joined: Apr 2008
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QUOTE(nexona88 @ Oct 26 2023, 02:28 PM) Another day counting to month end... So slow cheat interestYet to see the the so-called "free" money from government that supposed to be credited in middle of September 😏😔 November probably... We shall wait for it... Beggers cannot be ego... Suck up & keep silent... nexona88 liked this post
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Oct 26 2023, 08:19 PM
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Junior Member
554 posts Joined: Apr 2006 
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Is our EPF audited by 3rd party? Just wondering whether it's filled up with illiquid assets & over valued assets. I think EPF only have less than 10% asset which is liquid only.
Although equity holdings is current asset, in reality, when the big elephant wanna get out, it's stepping on itself and have to exit at lower prices |
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