Finances

It's income tax season now, you can perform your e-filing or m-filing for YA2016. No worry. Finance Malaysia is here with you during these difficult times :) Below shows the complete list of tax relief for your reference: [NEW] Tax Relief for Parental Care The government is proposing to help individuals undertaking care of elderly and/or infirm parents by means of a new tax relief: MYR 1,500 for a mother; and  MYR 1,500 for a father. The relief will be available as a tax deduction for individual resident taxpayers caring for their qualifying parents. This relief can be shared with other siblings provided that the total relief claimed does not exceed MYR 1,500 for a mother and MYR 1,500 for a father. The RM1,500 amount is divided equally by how many of siblings who're claiming. Discuss with your siblings and get ready with your parents' IC number. To claim this relief, the taxpayer must satisfy all the following conditions: The taxpayer DOES NOT claim expenses related to ...

Requested by many of our readers and followers to write about this very popular JJPTR things, we finally put our pen down on it today due to the latest hoo-ha initiated by Bank Negara Malaysia's latest alert list. No doubt, JJPTR was listed on the alert list for public reference. Why? Let's first understand a bit on the so-called "investment scheme". All investors are concerned about two things only - return and safety . Okay. We zoom into these two things specifically. Return of 20% ??? To be exact, it's a whopping total 25% return (20% personal + 5% introducer's incentive). Some more, it's on a MONTHLY basis equivalent to an annualized of 300% return. How can an investment generating such high return within one year period? Of course, JJPTR said that it's not guaranteed but they also saying that JJPTR never failed to deliver the promised return. Safe or not ??? No worry, JJPTR will take care the risks off you. Their tagline was invest, sit back and...

Once again, DBKL is giving a very special discounted rate for traffic offenders to settle their compounds. Again? Haha... Good things should come every year? Anyway, the offer period is until 28th Feb 2017 . For all unpaid traffic compounds from 2007 till 2011, the charge is only RM10 per compound, while those accrued from 2012 till 2014 is charged at RM20 per compound and those from 2015 to the present is RM30. What if we still Don't pay? DBKL said that those who failed to pay would be blacklisted , and risked having their cars clamped . You may not be able to renew your road tax once being blacklisted. Where to check whether kena saman or not ??? How to settle my compound ??? Click here to find out from our previous blog post. If you want to know the NORMAL compound rate for various offenses, click here to download the list of rate. Admin settled it already. How about you?

It’s the festive season again and Malaysians are blessed with so many different celebrations from different religions and races. During celebrations like Hari Raya, Chinese New Year or Deepavali, it’s a tradition that we give and receive kind of ‘ ang pow ’. It’s a blessing. But, how we utilize the money given could make a different. More or less, the money that we received can make our life different if we utilize it wisely. And, below options show us some of the wise ways to use our ‘ang pow’ money. Pare down your debts This should be your first action if you’re having debt, especially credit card debt. Some of us might overspend during pre-celebration like buying new clothes, hampers, gadgets… and many of us used credit cards to pay for that. Post-celebration, reality sets in and it’s payback time! What other better option than using your ‘ang pow’ money to repay? Of course, we don’t encourage you to spend first and pay later kind of mindset. What if the ‘ang pow’ money collected i...

Another initiative by Selangor state government, the ' Peduli Sihat ' scheme launched in December 2016 was aimed to encourage the health conscious of Selangor people so that they stayed healthy and productive. Any term and condition apply? How to apply for it? Category A: For family with household income less than RM3,000 monthly Covers husband/wife and children below age 21 One card with credit limit RM500 per year will be given to a family Card limit: RM50 per treatment Type of illness/treatment: No limit Category B: For individual below age 21 with income less than RM1,500 monthly A card with credit limit RM200 per year will be given Card limit: RM50 per treatment Type of illness/treatment: No limit T&C for application: He/She must be a Malaysian Born in Selangor or stayed in Selangor for more than 10 years Download and complete the forms and submit to any ADUN offices nearby Alternatively, you can register online here . Which are the clinics in this scheme? Click here...

One of your financial resolutions this year may be to start investing to grow your wealth and stocks  is one vehicle that helps you earn gains on your money invested. But where do you start? The Bursa  Market Place by Bursa Malaysia Bhd makes investing in stocks a lot simpler. It allows you to trade,  clear settlements and make depository services, and it is free to use. One of the handier features is the ' The Market ', a place where you can analyze stocks based on  volume trading, price movement, and dividend payouts. There are tools built into the platform  which helps you analyze the stocks more simply including Analyst Consensus, Stock Screener, Alpha Factor, Heat Maps, and Daily Espresso. Not only that... More details here: In a gist, these tools consolidate research by professional analysts helping you have a clearer picture  of how a company performs. It can also help you find stocks that match your investment strategy  and criteria. It monit...

In conjunction with the upcoming Lunar New Year holidays, operator of the North-South Expressway (NSE), PLUS Malaysia Berhad (PLUS) has identified several strategies to distribute traffic and strengthen its highway operations to assist the public to enjoy a smoother journey on the mainline. Based on previous festive seasons travelling patterns, PLUS expects traffic on the NSE will be at its peak on 26th, 27th, 28th, 29th, 30th and 31st January as well as 4th and 5th February. 50 Percent Toll Rebate PLUS will be offering 50% toll rebate to Class 1 vehicles paying toll via PLUSMiles cards, Touch 'n Go cards and SmartTAGs on the NSE and ELITE highway on 27 January, 30 January, 3 February and 4 February . The rebate is offered to those paying toll between 12 am and 6 am on the designated dates. Comment: "Hello, PLUS... Your good intention may become a nightmare for many families. Midnight until 6am? You must be kidding. Are you asking us to travel in night time (very early morni...