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 Insurance Talk V6!, Everything about Insurance

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goh15111
post Jun 23 2020, 09:15 PM

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Hi guys

If I terminated my saving insurance on year 2019 and take out around rm40k,do I need to declare to lhdn to avoid penalty

Tq
goh15111
post Jun 24 2020, 01:43 PM

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QUOTE(Holocene @ Jun 23 2020, 09:23 PM)
No.
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Tq for your quick response
goh15111
post Jun 24 2020, 01:43 PM

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QUOTE(lifebalance @ Jun 23 2020, 09:23 PM)
No. Insurance monies are non-taxable.
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Tqtq, appreciate for your help
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