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CHAPTER 7 RETIREMENT PLANING GROUP 2 : FASYA, NADHIRAH, AISHAH, RAUDHAH …
CHAPTER 7 RETIREMENT PLANING GROUP 2 : FASYA, NADHIRAH, AISHAH, RAUDHAH
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RETIREMENT INCOME
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PRIVATE SECTOR
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PRS (Private Retirement Scheme): voluntary savings, tax relief RM3,000.
EPF:
New account structure (Persaraan, Sejahtera, Fleksibel).
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Other savings: FD, unit trust, shares, property, gold, online business.
Building Your Nest Egg
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Steps:
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Put away ~20% income, reduce unnecessary expenses.
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Use home equity, sell low-performing assets.
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MALAYSIAN SITUATION
Household income levels:
B40 = RM3.4k/month, M40 = RM8k, T20 = RM19.7k.
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Reforms suggested:
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Increase pension age (e.g., 65).
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Retirement Housing
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Avoid traps:
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Check taxes (sales, pension, property).
Study cost of living (utilities, food, insurance, healthcare).
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Decide where to live → climate, family, transport, activities.