Excellent Thanks Bro God Bless

This post has been edited by doremon: Oct 5 2022, 06:16 AM

RM100k yearly self contribution ...

I saraan increase to RM300

Cheh only RM50.

I-Still-No-Money-Bersara

EPF no money Liao, thanks to all the idiot keeps withdrawing RM10k buy IFong every year.

For those above 1 million.. can deposit and withdraw freely jer... deposit within 100k a year.. and withdrawal as long as balance above 1m

There's actually people hoping another one this round but gotten disappointed big 😁

Asking if i can apply isaraan if unemployed for a month? Means no employer contribution for a month?

My uneducated wild guess is "no".
As if follows what it mentioned in their site.
https://www.kwsp.gov.my/member/contribution/i-saraan

"Retirement avenue for those who are self-employed or do not earn a regular income"
*Not applicable to members that receive a fixed employer contribution.

As your just "1 month no income" may just be just a 1 month out of years of having regular (no missed) consistent monthly employment income.

Anyway, you can try apply online and contribute to it to see if they will gives you that 15% incentives to a max of rm250 this year (or rm300 next year rate)

https://online.kwsp.gov.my/isaraanReg/?lang=en

This post has been edited by MUM: Oct 8 2022, 08:39 AM

https://ringgitplus.com/en/blog/budget-2023...tributions.html

wohoo! i-saraan incentive $300

Which means we add rm3k into EPF next year can get tax relief?

Is the epf self contribution can deduct from the personal tax ? Same can deduct 4000 max ?

Maybe can try check this site for some idea while waiting for value added responses to your query.
https://yauco.com.my/taxsavings-2021/



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Life insurance+ takaful + epf self contribution max 3k tax relief.

Before this EPF on its own already rm4k. So are they going to add extra rm3k to it?

Until can be confirmed later,
I read this sentence,
"To further encourage voluntary contributions, Tengku Zafrul said that the government aims to expand the scope of tax relief for premiums paid towards life or takaful insurance to also cover voluntary contributions up to RM3,000."
https://www.google.com/amp/s/www.malaymail....-rm100000/32278

To be as what was posted as below.

You meaning. If mandatory employment contribution already 60K, you can voluntarily add another 60K? Making a total of 120K? And have dividend based on 120K?

Very hard to believe a lot of people have high contribution into EPF means high salary but still ask this question..

If self contribution limit is 100k, salary already contribute 60k.. can self contribute 40k only or still 100k?

The 100k is for self contribution. Even if your salary contributed 1m into EPF, you still can contribute another 100k on your own.

(per attached image)
That is what was written in
https://the-money-magnet.com/2019/04/all-ab...lf-contribution

Employees Provident Fund (EPF) contributors would be able to make voluntary contributions up to RM100,000 yearly in addition to their statutory savings, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said during the unveiling of Budget 2023 today.

The new limit is a step up from the existing RM60,000 ceiling.
https://www.google.com/amp/s/malaysia.news....-085338946.html


👍

This post has been edited by MUM: Oct 11 2022, 10:51 AM


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