Go asnb office n set up.
Nominee needs to be asnb holder.
Commissioner for Oath sign off.
One time fee btw rm100-180, depending on promotion period.
I theenk, annual fee10 units.

This post has been edited by Unkerpanjang: Nov 5 2021, 03:36 PM

haiyah. thanks for the tip

Hi, last few days I was unsuccessful grab ASM however my money was deducted from bank and there is no refund back to me. Anyone can guide me what to do next? Shall I contact to ASB or visit to bank?
Thanks for advice

I believe that many long-time ASNB unitholders would have already been aware of the potential impact of Prosperity Tax from Budget 2022, over ASNB dividends.


Sigh, it is possible that we are indirectly "paying" for Prosperity Tax, through possible reduction in ASNB dividends. We just have to brace for "impact".


The following article is from The Star.

https://www.thestar.com.my/business/busines...-are-inevitable




This post has been edited by kart: Nov 7 2021, 08:13 AM

https://www.theedgemarkets.com/article/pnb-...-concessionaire

Now you directly own the Sungai Besi-Ulu Klang expressway (SUKE). I suspect "national service" given the series of bad incidents happening with different segments of the SUKE project. Some contractors might need capital injection, so you pay instead.

Not only that, there is a chance that your ASNB and EPF dividends paid will also be taxed, unless exemptions are given.

[quote=kart,Nov 7 2021, 08:10 AM]
I believe that many long-time ASNB unitholders would have already been aware of the potential impact of Prosperity Tax from Budget 2022, over ASNB dividends.
Sigh, it is possible that we are indirectly "paying" for Prosperity Tax, through possible reduction in ASNB dividends. We just have to brace for "impact".
The following article is from The Star.

The many stages in a person's perspective of Time.
Extreme Trauma - time is measured in seconds.
War, Disaster - ...in minutes/hours?
Famine, Poverty -... in days?
Poor - ... in week?
As we gone down the list...asnb investors, time measured in months or year (depending if invested in single/multiple asnb fund)
Lastly, the super wealthy - ...generational timeframe?

Personally, i planned my retirement based on a historical 6% asnb, kwsp, dividend. Evidently, experiencing a $80k annual shortfall.
Hence, continue working, while working on a financial vehicle able to generate additional $2mil personal wealth (@4% dividends) and/or significantly increase annual dividends.

More importantly, we r considered the lucky ones...our Time perspective allows us to respond, ability to correct this $ shortfall.
Bottomline, dont stay idle, use Time to your advantage.

i like this thought of yours. we have time advantage.

time to take all the money elsewhere

I don't see the ASNB dividends being taxed but I can see the dividend rate becoming affected by tax paid higher up the financial food chain.

my bank account still "Sedang disahkan", it's in this status for more than a month already, should I contact customer service?

As previously posted, I think there is a possibility of the declared dividends becoming affected by the prosperity tax but I can't see the (lower than would otherwise be the case) declared dividends then being taxed. That would be very unfair.

On the subject of prosperity tax, it has been called a 'one off' tax. Does that mean it will only apply for a single tax year and then be discontinued??

This post has been edited by MattSally: Nov 7 2021, 04:25 PM

Ya true for single tier system, what I said earlier would have been "double-taxation". We will know the scope of taxation soon, during second reading of Finance bill this December. Unfair indeed, but if they can grant tax relief for foreign dividends, then maybe important sources of income like EPF/ASNB would likely to be spared from the rout. EPF especially so since it serves as retirement fund (401k/IRA account in the US also tax-free until you withdraw at retirement age).

For prosperity tax based on budget 2022 yes it is one-off, industry observers are watching if this so called one-off tax will become the "new normal", given the government's failure to control its spending and desperate to find new source of revenue.

This post has been edited by TOS: Nov 7 2021, 06:56 PM

Hi sifus.. Read few pages and notice that need to verify bank sccount. What is that used for?

To validate your bank account to see if it is genuine ... they will deposit RM0.01 to your bank account to test your bank account if it is valid or not. If valid, then it will mark as "Passed"

So long??
Your account still active or dormant??

Normally...
Late also take like 12 working days like mine 😁

So yes
Better contact customer service or visit their branch...
Something wrong??

I see. I login to myasnb but nothing pop out ask for verification wor..

My bank account is still active, I'm using it everyday.

I can see ASNB credited RM 0.01 to my bank account a month ago. Just that the status always shown "Sedang disahkan." as of today.

I will contact ASNB cs later to check what's going on. Thanks.

Huh?
If already credit rm0.01 means should be clear..
Not still pending sedang disahkan thingy....