For i-saraan self contribution in 1st half 2023, is there any one here already received the 15% incentive ?
EPF - self contribution, need advise
EPF - self contribution, need advise
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Jul 28 2023, 11:52 AM
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#1
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For i-saraan self contribution in 1st half 2023, is there any one here already received the 15% incentive ?
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Jul 28 2023, 12:13 PM
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#2
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QUOTE(ikanbilis @ Jul 28 2023, 11:56 AM) OK thanks.My two kids (student) occasionally doing part time jobs. Just want to see if they also eligible. nexona88 and wongmunkeong liked this post
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Jul 29 2023, 11:58 AM
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#3
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QUOTE(nexona88 @ Jul 29 2023, 08:12 AM) Interesting... From EPF website, it did not specifically exclude students. Students can be freelancers (part time tutor0 or online business.I also want to see... Because I got family members who working part time too (still students).... Can ask them to register i-saraan also if cam get the gomen $$$ ![]() MGM, CommodoreAmiga, and 1 other liked this post
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Sep 15 2023, 08:16 AM
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#4
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Sep 30 2023, 09:44 AM
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#5
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QUOTE(MGM @ Sep 27 2023, 11:52 PM) I top up for my kid on 28/9/23 using maybank2u, it was captured on 29/9/23 as Sep contribution. nexona88 liked this post
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Oct 19 2023, 09:26 AM
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#6
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QUOTE(nexona88 @ Oct 19 2023, 08:43 AM) Seriously wondering what's going on... RM300 already unable to pay on schedule, yet dare to propose more in 2024.Reasons of the delay.... Government really lack of money or what??? Too much application to process?? July - September not enough to check everything?? Nowadays all technology... Linked each other... From income, housing, Ownership of cars., ssm etc. Just click of button only π If RM300 is half dead to pay, then RM500 is defiinitely full debt to pay. And national debt keep ballooning. |
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Nov 6 2023, 01:58 PM
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#7
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Nov 23 2023, 10:13 AM
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#8
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QUOTE(nexona88 @ Nov 23 2023, 08:59 AM) Yes, I got for my son also. Lump sum RM300 at one go, wonderful!!! |
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Nov 23 2023, 10:23 AM
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#9
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QUOTE(coyouth @ Nov 23 2023, 10:17 AM) walao wei. most of you guys here are already so loaded but tiap tiap hari talking and waiting for a mere rm300 and so happy that it's in.Β I think most of us here work hard to get to where we are now & we treasure every dollar & cent.This post has been edited by kechung: Nov 23 2023, 10:24 AM |
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Nov 23 2023, 03:13 PM
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#10
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Nov 24 2023, 09:44 AM
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#11
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QUOTE(nexona88 @ Nov 23 2023, 03:42 PM) hmmm... The facts is top up $1K in Apr & another 1K in Jul & received incentive $300 on 22/11/23.not next year huh??? already have new ruling now?? what I know those top up Jan - June Period gets the incentive around September (now is Nov) July - Dec top up gets around March Next year (now should be May or June)... That's why I asked. Apparently most of you here top up 2K in 1st half & didn't notice this. |
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Nov 24 2023, 11:35 AM
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#12
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QUOTE(nexona88 @ Nov 24 2023, 11:30 AM) Ooh July also counted... Yup, from the postings here, it seems Jul is in but Aug not.Was thinking until June only... So now they lum January - July Period Thanks for the information π Any friends here top up in Jul also? This post has been edited by kechung: Nov 24 2023, 11:35 AM nexona88 liked this post
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Dec 1 2023, 11:49 AM
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#13
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QUOTE(nexona88 @ Nov 30 2023, 04:23 PM) Jan - July 2023 deposits = RM300 Received in Nov 2023 I think i need to clarify on i-saraan incentive.Aug - Dec 2023 deposits = RM 300 receive around March 2024 so for year 2024 same thing... Jan - July 2024 = $$$ in Nov 2024 Actuall it is still Jan-Jun & Jul to Dec. ![]() |
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Dec 1 2023, 11:50 AM
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#14
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Dec 1 2023, 12:18 PM
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#15
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QUOTE(nexona88 @ Dec 1 2023, 11:52 AM) May be we wait for someone who top up i-saraan in July to confirm the exact situation. nexona88 liked this post
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Aug 23 2024, 02:39 PM
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#16
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QUOTE(nexona88 @ Aug 16 2024, 02:11 PM) Don't worries Yes, refund with interest some more.It's automatic refunded You don't need to do anything π Just wait around 2 or 3 working days like that On i saraan contribution, anyone already receive incentive for top up in 1st half 2024? nexona88 liked this post
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Nov 6 2024, 04:00 PM
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#17
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QUOTE(MUM @ Nov 6 2024, 12:15 PM) Not a qualified tax comment nor value added, but just a kay poh posting while we wait for qualified and value added responses to your query EPF borned by employer is a fixed perquisite subject to epf again.EPF borne by the employer "may be" is a taxable perquisite to the employee and the total perquisite is added to the taxable income of the employee for income tax calculation purposes in the following tax year. ... thus need to confirm it too Cost to employer = $2000+220+260=2480 The employer need to adjust your gross pay to $2194. You will contribute $242 & take home $1952. Thee employer contribute $286 & total cost of employer remain at $2480 I think there is no way you can receive net pay of $2000 GravityFi3ld liked this post
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Nov 7 2024, 11:53 AM
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#18
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QUOTE(KIP21 @ Nov 7 2024, 10:40 AM) Question: Say I have 100k in Dec, and my son age 16, student, not working, Can I put in 100k into his EPF as self contribution? Will he get LHDN audit or is it allowable? First, you give to yr son 100k as gift on the condition he must do self contribution.There is no problem for EPF. In case IRB audit, you have a justify this amount is already declared as your income & you gifted to your son. |
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Nov 7 2024, 12:00 PM
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#19
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QUOTE(GravityFi3ld @ Nov 7 2024, 10:26 AM) Precisely, because EPF contribution is based on block of RM20.So for salary = $2194, we use $2200 X rate, then round up to next Ringgit if got cts. This post has been edited by kechung: Nov 7 2024, 12:00 PM nexona88, harmonics3, and 1 other liked this post
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Nov 8 2024, 01:43 PM
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#20
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QUOTE(nexona88 @ Nov 8 2024, 12:10 PM) Transfer at EPF counter?? I think "mapeyeo1" is saying self contribution for kids using other funds, not transfer from his own EPF.From parents EPF account to kids?? Already before this have this option?? I don't know such exists π€π§ mapeyeo1 liked this post
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