Due to LFSA requirement, we cannot solicit customer.
Previously, we are only dealing with institutional investors that come with strategic investment.

However, recently we are allow to deal with high net worth individual client.
As a result, we are currently welcome high net worth individual to enroll with us, provided they pass out KYC requirement as required by LFSA.

Our company also can be found at the regulatory website. Cheers

Thanks, good info. I also saw you post in some others topics as well. I think it's best you start a new thread to share your products and offerings as this thread is about EPF self-contribution info.

thanks for the suggestion and will arrange some info and start with a new thread.

Just out of curiosity, may I know what kind of figure would be considered as high networth individual to your company?

Quick one,

Does the maximum self-contribution amount of RM100K start this year(YA22) or does it only begin in YA23 since it's a budget 2023 thing?

Govt raises voluntary EPF contribution cap to RM100,000 in Budget 2023 (via The Edge Markets)
From that posts, it says :

1) The government has raised the cap for voluntary retirement contribution for Employees Provident Fund (EPF) contributors to RM100,000
2) The second para, "The proposal comes as EPF also reported ....."

So has it been raised? or is it just a proposal ?

I think it's confirmed right? Reported in Budget 2023. Nobody objects, Budget passed.

Yeap, in short - we can self-contribute up to RM100K this year? Cause EPF site still shows the max cap at 60K

Wild guess, ...
Should start next fiscal year
As it comprises of this 100k, self contribution can add ti takaful part to max 3k for tax relief and also the insarran incentive extra 50 ringgit. As announce in budget 2023

Start next year mah. So it's correct .

The budget proposed was not passed. So we all can just ignore whatever was mentioned that day in parliament.

Ya, it is void. Need to wait for new tabling of budget see if it is still there.

Later upgrade to 200k. 100k not enough...😂

this would only commence next year IF and WHEN it is approved by the new Parliament

Slow Slow lorh...

2024 budget 😆

Added GST 6% too into the list 😁

Kasi straight 12%.

Possibly tier GST rate...
6% to 12% like that...

Err..got other country implement tiered GST? Please don't wei. Nightmare to implement and execute.

I think got lorh...

Actually Jibby wanted to do like that after GE14....
Well all is history because lost in the GE....

Also tier EPF dividend also in the planning...

They should have maintained GST as the inflationary effect has already crept into the economy with no meaningful price reduction after reintroduction of SST.



This post has been edited by Chrono-Trigger: Oct 20 2022, 08:15 AM