Finance Ministry: Over 200,000 EPF contributors have sufficient basic savings before age 55

  • 📰 malaymail
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

KUALA LUMPUR, March 27 — The Dewan Negara was today told that there are 227,000 contributors of the Employees’ Provident Fund (EPF) who have a basic savings of at least...

Finance Minister II Senator Datuk Seri Amir Hamzah Azizan said the total represents EPF contributors between the ages of 50 and 54 or 41 per cent of 551,000 contributors in the age group. — Picture by Miera ZulyanaKUALA LUMPUR, March 27 — The Dewan Negara was today told that there are 227,000 contributors of the Employees’ Provident Fund who have a basic savings of at least RM240,000 in Account 1 by the age of 55, as of February.

Finance Minister II Senator Datuk Seri Amir Hamzah Azizan said the total represents EPF contributors between the ages of 50 and 54 or 41 per cent of 551,000 contributors in the age group. Besides, he said a total of 604,000 members made voluntary contributions to increase their savings, with a total contribution of about RM8.42 billion last year.

“Members can also choose and work with employers to increase contributions because this is one of the attractiveness of the company by helping employees to increase contributions,” he said during a question and answer session at Dewan Negara today.He said this when replying Senator Mohd Hasbie Muda’s question regarding the number of EPF contributors aged over 50 this year who have sufficient savings.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 1. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Sales and services tax hike not expected to cause sharp price increases, says Finance MinistryThe sales and services tax (SST) hike is not expected to cause sharp price increases that would lead to an economic shock, says the Finance Ministry. The statement also noted the 2% increase would affect discretionary activities and business-to-business services, while key essential services such as food and beverage, telecommunications, parking and logistics are exempt. Meanwhile starting March 1, electricity users over 600kWh will be affected by the sales and services tax (SST) hike from 6% to 8% among other services. The increased SST is set to generate an additional RM3bil revenue, said the Finance Ministry.
Herkunft: staronline - 🏆 4. / 75 Weiterlesen »

Finance Ministry's Fiscal Survey book shows GST a better system than SST, says Dr WeeLAWYER Khaliq Mehtab Mohd Ishaq confessed to being quite taken aback by the green wave that marked the 2022 general election.
Herkunft: staronline - 🏆 4. / 75 Weiterlesen »

Adopt 'Malaysia First' attitude to strengthen ringgit, says Finance Ministry(Reuters) - Fenerbahce will consider withdrawing from the Turkish top flight after some of their players were attacked by Trabzonspor fans following their weekend away win, the Super Lig club said on Monday.
Herkunft: staronline - 🏆 4. / 75 Weiterlesen »

Finance Ministry: Ringgit's decline driven by stronger US dollar, China uncertainty(Reuters) - Fenerbahce will consider withdrawing from the Turkish top flight after some of their players were attacked by Trabzonspor fans following their weekend away win, the Super Lig club said on Monday.
Herkunft: staronline - 🏆 4. / 75 Weiterlesen »

Finance Ministry finalising several HVGT policies, says Anwar(Reuters) - Popular messaging platform Telegram raised $330 million through bond sales last week, founder and CEO Pavel Durov said on Monday.
Herkunft: staronline - 🏆 4. / 75 Weiterlesen »

Agreement with Spanco still in force, says Finance MinistryThey are hosts of travel reality series 'Girls' Spectacular Journey'.
Herkunft: staronline - 🏆 4. / 75 Weiterlesen »