Employees’ Provident Fund (EPF) is going to restructure its members’ accounts starting 11 May 2024. It is going to introduce Account 3 which allows flexible withdrawal. Hence, a member’s account will increase from two accounts to three accounts. This exercise involves all EPF members under the age of 55. Current account structure Currently, a member’s …
Market condition KLCI increased by 2.60% to close at 1,575.97. S&P500 dropped to 5,116.17, a decrease 2.63%. Market trend: Foreign funds continued to flow out of Malaysia Although the foreign funds continued its outflow, KLCI managed to close higher than last month. Our index has increased by 8.34% year-to-date. S&P500 could not continue its uptrend …
Whether an individual passes away with or without a will can have significant implications for their heirs and beneficiaries. The main difference between testacy and intestacy is whether there is a valid will left by the deceased. Testacy: Grant of Probate Testacy refers to the situation where a person dies leaving a valid will that …
Most government servants in Malaysia are eligible to enrol into pension scheme administered by Retirement Fund (Incorporated) or better known as Kumpulan Wang Persaraan (Diperbadankan) (KWAP). What will the pensioner receive and will it be enough for retirement? What are included in government pension scheme? 1. Gratuity (Ganjaran Perkhidmatan) This is a one-off payment when …
Whether you are a young professional starting your career, a family saving for your children’s education, or a retiree enjoying your golden years, a well-crafted financial plan can make all the difference in achieving your goals and securing your financial future. Let’s delve into why having a financial plan is crucial for individuals and families …
The National Higher Education Fund Corporation (PTPTN) has declared a dividend of 3.60% for Simpan SSPN Prime. The dividend declared in this year is for year 2023. Dividend history Click here to see Simpan SSPN Prime past dividends. This dividend is 18% higher than the rate last year but still lesser than the previous periods. My view …
The topic of will writing often gets pushed aside amidst the hustle and bustle of daily life. Yet, its significance cannot be overstated. A will is not merely a document outlining how your assets are distributed after your passing; it is a cornerstone of responsible estate planning (click here to get more information about estate …
Market condition KLCI closed at 1,536.07, a drop of 1.10% from last month. S&P500 increased by 3.08% to 5,254.35. My view: Foreign funds flowed out of Malaysia KLCI could not maintain its uptrend and ended March lower. But it was still above 1,500. On the other hand, S&P500 continued to break new high. Foreign funds …
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 …
