Budget 2019: Separation of tax relief good move, says LIAM

Starting 1st January 2019, a separation of tax relief on KWSP (EPF) at RM4,000 and Life Insurance/Takaful at RM3,000. In previous years, the tax relief as at RM6,000 of combined KWSP (EPF) and Insurance/Takaful. With this new relief, taxpayers will enjoy better rebates if he/she contributed in KWSP AND life insurance/takaful.


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