myLIFEinvest

Assalamualaikum w.b.t., Refering to below article ( red color highlighted ), why this happened? After retirement, EPF saving not enough for your future needs? If we don't have extra  money to make additional saving or investing then surely we stuck in future living depression. Hidden voice from EPF said, actually EPF can give dividend more than 5% or reaching beyond 10%  yearly, but why until now we only received 5% or below??? Do ghost hand chained EPF to give more benefit to their depositors or profit missing in magical action of ghostsssss??? I believe majority of EPF depositors are from private sectors. Do you believe, if our income tax is lower than we can save more? I believe so... But what happen then, if income tax not even being reduced but another tax is introduced such GST bundle with so called "subsidy reduction programme" and couple with goods/service  price hike up? How much can you save monthly for your retirement? I still blind with so called h

Refering to below article, call for tax review already being call for long-long time ago. But what we can see with the current ruling government just make "A-Go-Go" . Or another action is "TWIST" tune. Or with other word "TAI-CI" move. Can you imagine, same income earner corporate or same income level earner personnel having a different income tax scheme... One side is a "SLAVERY" tax scheme (all income is tax inclusion) and the other "LORD" tax scheme where everything are tax exclusion. So where is the justice?? Might be some of us will say, this  is MALAYSIAN way of justice. Ohh! I see! I see!  Do Malaysia as an Islamic Country was taught by Prophet this way? I believe not, if  Islamic version of economy management is adapted it will fair everybody. Can we just accept?? Or should we call for a total change? You think and you vote, it is our future... Lets think and take action. ----------------------------------

How can we elaborate of this issue? My understanding: Net income = gross income - (income tax + EPF) Why need to access based on net income? I believe this issue due to income tax that being paid by most of people work in private sector is much-much higher and their net income become much-much lesser. Most people  work in private sector only being paid for 10 to 11 month only. The balance of one or two month is for income tax comparing to civil servant only pay tax between zero to less one month if considering at the same gross income of 12 month. Do you believe this statement? Then  please do your own calculation and check your self. You can see if civil servant apply the loan, their interest rate will much lower than public sector worker due to ability of paying back the loan and security of jobs.  So you can judge your self how fair is our economy that based on capitalist systems. Bring zakat into our economy mainstream than it will fair everybody. Our beloved country is