Waiving Tax Will Lighten Burden Of Those Past 60 Says Economist


 
A tax waiver for those in the B40 and M40 groups working past the age of 60 will allow them to save for their retirement, says economist Zahariah Sahudin. (Feepik pic)PETALING JAYA: Waiving income tax for members of the B40 and M40 groups working beyond the age of 60 would go a long way to alleviating their financial burden, says an economist.
Zahariah Sahudin of UiTM Puncak Alam’s business and management faculty said older Malaysians are projected to make up 15% of the population in 2035, from 7% presently.
She said waiver of income tax, which would allow them to save for retirement, is unlikely to dent the country’s finances substantially as these senior citizens represent only a small percentage of the population and labour force.
“At this age, they don’t have social protection from the Social Security Organisation (Socso) anymore.
Zahariah Sahudin.“If anything happens to them, they would have to pay hospital bills on their own, and that’s why they would need extra money. The older they are, the likelihood of being ill increases,” Zahariah told FMT.
On Feb 7, Social Protection Contributors Advisory Association Malaysia president J Solomon urged the government to implement the policy to lighten the burden of senior citizens.
He said Prime Minister Anwar Ibrahim had previously admitted that 71% of active EPF contributors do not have enough money to retire.
The proposal would help individuals to have more disposable income, said Solomon.
Yeah Kim Leng.Yeah Kim Leng of Sunway University said the proposal aligns with the government’s intention to ensure citizens have adequate retirement savings.
“Given that only those aged above 60 are eligible, it will likely have minimal impact on the government’s yearly tax collection,” he said.
Yeah said such a policy would need to be supplemented by a revision to Socso guidelines to ensure coverage for the entire working population, irrespective of age. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2024/02/waiving-tax-will-lighten-burden-of.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Nationwide Reforms Better Than Special Economic Zones Says Economist

Nationwide Reforms Better Than Special Economic Zones Says Economist

papar berkaitan - pada 9/2/2024 - jumlah : 108 hits
Malaysia and Singapore signed a memorandum of understanding last month to set up a special economic zone in Johor PETALING JAYA An economist has called for the implementation of economic reforms nationwide instead of the setting up of speci...
Israel Will Hunt Down Hamas Leaders In Malaysia Says Fox News

Israel Will Hunt Down Hamas Leaders In Malaysia Says Fox News

papar berkaitan - pada 1/2/2024 - jumlah : 176 hits
That is what Fox News says in this short video Or rather what Jonathan Schanzer says Jonathan Schanzer is an American author and senior vice president of research at the Foundation for Defense of Democracies The FDD is a research institute ...
Cops Asked 60 Questions Will Seize Laptop Says Pua

Cops Asked 60 Questions Will Seize Laptop Says Pua

papar berkaitan - pada 5/2/2024 - jumlah : 165 hits
Former Damansara MP Tony Pua said the police questioned him for more than an hour today over his remarks regarding the Pardons Board s decision to reduce former prime minister Najib Abdul Razak s jail sentence He entered the Bukit Aman poli...
Guan Eng Chow Feud Will Test Dap Supporters Tolerance Says Analyst

Guan Eng Chow Feud Will Test Dap Supporters Tolerance Says Analyst

papar berkaitan - pada 12/2/2024 - jumlah : 125 hits
The growing spat between DAP national chairman Lim Guan Eng and Penang chief minister Chow Kon Yeow may eventually test the tolerance level of the party s supporters an analyst said Oh Ei Sun of the Singapore Institute of International Affa...
Confusion Over Madani White Rice Exposes Govt Flaws Says Economist

Confusion Over Madani White Rice Exposes Govt Flaws Says Economist

papar berkaitan - pada 17/2/2024 - jumlah : 167 hits
Barjoyai Bardai of Universiti Tun Abdul Razak said the ambiguity indicates a clear miscommunication within the government PETALING JAYA An economist has criticised the government for making conflicting statements about Madani white rice aft...
Federal Govt Will Fine Tune Johor Singapore Sez Policies Says Fahmi

Federal Govt Will Fine Tune Johor Singapore Sez Policies Says Fahmi

papar berkaitan - pada 31/1/2024 - jumlah : 128 hits
Communications minister Fahmi Fadzil said no decision had been made on where the Johor Singapore special economic zone will be located PUTRAJAYA The federal government will meet with the Johor government to streamline several policies to ex...
Pm Denies Madani Rice Will Support Cartels Says Reverse Is True

Pm Denies Madani Rice Will Support Cartels Says Reverse Is True

papar berkaitan - pada 19/2/2024 - jumlah : 131 hits
Prime Minister Anwar Ibrahim today denied claims that the proposal for Malaysia Madani white rice would support cartel activities that mix local white rice and imported white rice On the contrary he said the government s action is aimed at ...
Denying He Is A Broker Bukit Gantang Mp Now Says 16 From Bersatu Will Support Anwar

Denying He Is A Broker Bukit Gantang Mp Now Says 16 From Bersatu Will Support Anwar

papar berkaitan - pada 7/2/2024 - jumlah : 115 hits
At least 16 Bersatu Members of Parliament will express their support for the Prime Minister by Feb 28 claims Bukit Gantang MP Datuk Syed Abu Hussin Hafiz Syed Abdul Fasal Previously I told you that there will be more than 10 now the total h...
Up To Him Says Fahmi After Surendran Departs

Up To Him Says Fahmi After Surendran Departs

papar berkaitan - pada 8/2/2024 - jumlah : 169 hits
It s up to him says Parti Keadilan Rakyat Information Chief Fahmi Fadzil when asked on the announcement by yesterday Fahmi said the former PKR vice president had the right to make such a decision since he was no longer active in the party I...
Duit Aku Hidup Aku Oleh Faiz Azmi

Pohon Tengkawang Tumbuhan Maskot Kalimantan Dengan Segudang Manfaat

Iron Filters For Well Water On A Budget Affordable Options That Work Your Comprehensive Guide Pen Spark

Your Guide To Using Paymaya For Online Casinos In Ph

Isu Rosmah Disaman Usd 346 Juta Daripada 1mdb 10 Pihak Lagi

Lelaki Bengang Staf Stesen Minyak Terima Tip Netizen Tanya Kenapa Bitter Sangat

Uitm Apartheid Akmal Ingatkan Jangan Jadi Si Kitol

2024 Sustainability Report Our Pledge For The Planet



5 Kumpulan Muzik Terkenal Dengan Suara Vokalis Yang Annoying

10 Drama Melayu Terbaru TV3 Best Mesti Tonton 2024 Juga Tersedia Online

5 Sisi Gelap Perangai Guru di Malaysia Yang Kita Takut Nak Perkatakan

Info Sinopsis Kutipan The Experts Filem Malaysia 2024

10 Fakta Biodata MK K Clique Pelakon Drama Berepisod Aku Bukan Ustazah TV3 Gandingan Erysha Emyra Yang Beristerikan Siti Hajaar Syeikh Nordin


Combat Allergies With Electrostatic Pleated Air Filters

Tular Video Warga Asing Kena Jerkah Beli Minyak Masak Subsidi You Malaysian Ke

Adun Sungai Bakap Meninggal Dunia

Politik Melayu Utamakan Parti Dan Bukan Perpaduan

Ulasan Sennheiser Momentum Sport Lightning Kenyamanan Lebih Utama Daripada Kepentingan Kualiti Suara

Melihat Lebih Dekat Konsep Ev Emo 1 Dari Perodua