Podcast
Questions and Answers
What is the total percentage contribution by an employer to an employee's EPF account?
What is the total percentage contribution by an employer to an employee's EPF account?
- 12%
- 11%
- 12% to 13% (correct)
- 13%
Which of the following is a benefit of contributing to a Private Retirement Scheme (PRS)?
Which of the following is a benefit of contributing to a Private Retirement Scheme (PRS)?
- No tax relief
- Tax relief of RM1,000
- Tax relief of RM2,000
- Tax relief of RM3,000 (correct)
What is the main objective of the Employees Provident Fund (EPF)?
What is the main objective of the Employees Provident Fund (EPF)?
- To help members achieve a better retirement (correct)
- To aid national infrastructural development
- To safeguard and grow members' retirement savings
- To provide excellent services to members
What is the percentage of contribution by an employee to their EPF account?
What is the percentage of contribution by an employee to their EPF account?
What is the total percentage of contribution by an employee and employer to SOCSO?
What is the total percentage of contribution by an employee and employer to SOCSO?
When was the Employees Provident Fund (EPF) established?
When was the Employees Provident Fund (EPF) established?
According to the EPF chief strategy officer, what was the impact of Covid-related withdrawals on the savings of contributors?
According to the EPF chief strategy officer, what was the impact of Covid-related withdrawals on the savings of contributors?
What percentage of EPF members have less than RM1,000 in their savings?
What percentage of EPF members have less than RM1,000 in their savings?
What is the minimum savings EPF members should have at age 55, according to the Household Expenditure Survey Report 2019?
What is the minimum savings EPF members should have at age 55, according to the Household Expenditure Survey Report 2019?
What percentage of EPF members have the minimum savings target of RM240,000 in their account by 55?
What percentage of EPF members have the minimum savings target of RM240,000 in their account by 55?
What is the average annual growth rate of the mean monthly household consumption expenditure in Malaysia from 2016 to 2019?
What is the average annual growth rate of the mean monthly household consumption expenditure in Malaysia from 2016 to 2019?
How much is the estimated monthly withdrawal needed to cover basic needs for 20 years, according to the Household Expenditure Survey Report 2019?
How much is the estimated monthly withdrawal needed to cover basic needs for 20 years, according to the Household Expenditure Survey Report 2019?
What percentage of EPF contributors can afford retirement, according to an official of the Employees Provident Fund?
What percentage of EPF contributors can afford retirement, according to an official of the Employees Provident Fund?
What percentage of EPF contributors withdraw their EPF savings in one lump sum once they reach 55 years of age?
What percentage of EPF contributors withdraw their EPF savings in one lump sum once they reach 55 years of age?
What is the primary source of retirement income for private sector employees in Malaysia?
What is the primary source of retirement income for private sector employees in Malaysia?
What is a key aspect of developing a balanced budget for retirement?
What is a key aspect of developing a balanced budget for retirement?
What is a tax advantage available to retirees in Malaysia?
What is a tax advantage available to retirees in Malaysia?
What is a key consideration when investing for retirement in Malaysia?
What is a key consideration when investing for retirement in Malaysia?
What is a recommended approach to dipping into retirement savings?
What is a recommended approach to dipping into retirement savings?
What is a key aspect of living on retirement income in Malaysia?
What is a key aspect of living on retirement income in Malaysia?
What is a common source of retirement income for individuals in Malaysia?
What is a common source of retirement income for individuals in Malaysia?
What is a key consideration when planning for retirement housing costs in Malaysia?
What is a key consideration when planning for retirement housing costs in Malaysia?
