Amanah Saham Malaysia (ASM) and Amanah Saham Bumiputera 2 (ASB 2) has declared their latest dividends on 28 March 2024. The dividends are payable on 1 April 2024. ASM Its dividend is RM 0.0475, equals to a dividend rate of 4.75%. It is an increase of 5.56% from 2023. ASB 2 Its dividend in 2024 …
When you take a loan, you know the interest rate being charged. It is informed to you upfront before you sign the contract. But is it the real interest rate that you will be paying for the loan? Two types of interest rate 1. Nominal interest rate Nominal interest rate is the rate that you …
It has been several months since I opened my account with GXBank (click here to find out more about this digital bank). I have tried its debit card and it really gives 1% unlimited cashback. My experience with GXBank so far Before elaborating on its debit card, I would like to share my experience with …
There are two things in life that we cannot run away from. One is death and another is tax. Estate planning deals with the former and is about the distribution of your assets after your demise. Estate planning is a crucial aspect of financial management that often gets overlooked, yet it plays a significant role …
Private retirement scheme (PRS) has been around since 2012. Currently, there are nine providers, namely AHAM Capital, AIA, AmInvest, Hong Leong Asset Management Bhd, Kenanga Investors, Manulife Investment Management, Principal Asset Management, Public Mutual, and RHB Am. To know more about PRS, you may click here. Benefit The main benefit of PRS is its tax …
The Employees’ Provident Fund (EPF) has declared its dividend for 2023. The rate for conventional savings is 5.50% (2022: 5.35%) . It is 5.40% (2022: 4.75%) for Simpanan Shariah. This dividend rate is on par with what I expected. Dividend history You may refer to this page (click here) for EPF dividend history. Its dividend …
Market condition KLCI increased by 2.65% to 1,553.14. S&P500 closed at 5,097.27, increased by 5.20%. My view: The uptrend continued In the second month of 2024, the markets continued to do well. KLCI managed to maintain above 1,500 and S&P500 achieved record high. Foreign funds continued to flow into Bursa Malaysia. If this trend continues, …
The tax filing season for YA2023 has started, so I have prepared this article for you as a reference. The images below show the personal tax reliefs available to be claimed. Make sure you have the receipts or proof when you claim the respective relief. Keep the proof for at least seven years in case …
Life is full of risk and insurance is an instrument to transfer the risk to the insurer. Honestly, insurance is something that most purchasers wish they do not need to claim. Why do we need insurance? Insurance will compensate us for our loss if the insured event occurs. Without insurance, we have to bear the …
After working for many years, it is finally time to retire. But do you have enough assets? Can you afford to retire? No one plans to be poor in retirement, but many do end up in poverty or could not stop working. What went wrong? They fail to plan. Retirement need The data from Employees …
