Assalamualaikum w.b.t.,

Hidup di dunia yang sementara ini banyak mengabui mata kita tentang matlamat kehidupan yang sebenarnya. Kita semakin terdesak dengan himpitan kehidupan dan berlumba-lumba untuk mencari kehidupan yang lazimnya lebih menampakkan keduniaa semata-mata.
Apakah ada di antara pelaburan yang semakin hari semakin kurang diberikan tumpuan? Namun, apakah kita menidakkan keperluan yang perlu kita sediakan di dunia bagi persediaan akhirat? Bagaimanakah pula pelaburan di dunia yang wajar dilakukan untuk persediaan akhirat kita? Wajar rasanya kita sama-sama bincangkan dan jadikan maklumat bersama ini sebagai panduan kita merentasi dunia untuk menempah tempat yang selesa di akhirat kelak, insyaallah.

Pandangan serta komen rakan-taulan, pak-pak ustaz, profesionalis, akauntan, hartawan, dermawan, pak/mak wan dan sebagainya boleh dikongsi untuk dijadikan panduan disamping memperkuatkan ukhwah sesama kita. Sila diemailkan pandangan anda ke mryteratak@gmail.com.


Wassalam.
5/11/2009
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Pemberitahuan: Semua maklumat di blog ini adalah pandangan peribadi melainkan dinyatakan sebaliknya. Sila rujuk kepada institusi atau badan yang berkaitan untuk maklumat lebih lanjut. Sebarang rujukan dari blog ini adalah risiko sendiri.Pengarang tidak bertanggungjawab di atas sebarang masalah yang timbul disebabkan oleh bahan diblog ini.

Sunday, October 14, 2012

Part 2: Working in Public or Private Sector; Security and More Saving?

Assalamualaikum w.b.t.,

Part 1: Let see how fair is our TAXXX between Private & Public Sector


Continue in Part 2.

As discussed in Part 1, the same level of earning between Private and Public sector shows that those who works in Private sector have to pay higher tax in exponential magnitude compare to their counterpart in Public/Government Sector.

Long time ago basically there is a significant different in salary figure between these two sectors, where Private Sectors being paid with higher salary due to work load, working longer hours and stress full torture environment compare to government sectors. Due to salary different quite significant, the policy maker create in such allowance with tax release for government sectors that equivalent of half income. Therefore, income is equivalent of salary plus allowance. But those in private sectors, allowance still taxable.

Continuous fight by CUEPACS and Political "Pembangkang" to uplift the quality of government sector services, the salary were revised a few times where the income now at par with private sector or even much-much better due to multiple unlimited benefits were introduced and created. But still the allowance is non-taxable for public sector.

Now, there is another super surplus benefit that make this public sector become more and more superior than private. It is pension / "pencen". In private sector, salary was deducted to EPF to prepare private sectors for their retirement time between 9%-11% percent from their salary and on top of that their employer will add some more around 12%.

For public sectors, no deduction being made in their salary since they are entitled for government pension scheme at their retirement time. So what the different then? No deduction for public sector for retirement fund at all.

Lets consider both at the same age having the same income of RM6000.00. In previous part, i did simulate that both of them took takaful or life insurance or EPF deduction of RM6000.00 that can avoid from tax. Now see who did can save more and can avoid tax more?




Therefore, what ever takaful/insurance taken by private sector employee won't benefit tax exclusion due to already reach maximum tax deduction of RM6000.00. Here it is showed that public sector bring extra more money home of RM6000.00++ yearly plus free retirement scheme that no need to be deducted equivalent of RM8000.00 yearly.


So think trice when looking or fighting for jobs. Part 3 will come soon. Quite busy now.


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