The government has recently announced that saving in Simpan SSPN Prime is no longer eligible for tax relief. This means that Simpan SSPN Prime can no longer function as a income tax-saving instrument. My action plan I have just decided to stop investing in private retirement scheme (PRS) not too long ago and I was …
Month: March 2023
The Employees’ Provident Fund (EPF) has declared its dividend for 2022 and the rate is 5.35% (2021: 6.10%) for conventional savings and 4.75% (2021: 5.65%) for Simpanan Shariah. This dividend rate is slightly higher than I expected. Dividend history As my own account is the conventional savings, I am going to list its dividend rate …
Recently, I have made a withdrawal from my Versa Cash account. I would like to share my experience here. Timeline I made the withdrawal request on 19 February (Sunday) at around 8.30am. The request was processed by Versa on the same day. However, as it is a non-working day, my withdrawal request was processed by …
