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My New Year’s Resolutions for 2017 (Part 2) [ December 22nd, 2016 ] Posted in » Achievement 2016, My Saving Plan, News & Announcement

My New Year’s Resolutions are yearly goals that I set for myself at the beginning of a new year. They usually have to do with fitness, investment, skills upgrading, and so forth.

My Plan for 2017

Travel Abroad: Traveling is refreshing and rejuvenating. Spending holiday on your local trip might achieve the same result. However, traveling overseas helps you to escape the routine of your life, which leaves you with no other choice than to forget the stresses of home.

I noticed that traveling is something that I’m passionate about and I wanted more of it in my life. I made goals for 2017 to travel more, to gain new experiences and seek out any opportunity I could possibly find.

I love seeing the world to experience different cultures. The places that I will travel next year are.
1. Siem Reap, Cambodia (that one I’ll be ticking off in January),
2. Hangzhou, China
3. Ho Chi Minh, Vietnam

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How to Calculate Our SOCSO?

As everybody known, SOCSO is just like a general insurance for employees; made compulsory by the government. However, you won’t get it back at the later stage as EPF does. Do you know how to calculate it? SOCSO contribution is different from EPF deduction and it’s based on the SOCSO table. And, the highest SOCSO deduction for employee is only RM14.75.

Your salary, overtime payments, commission, allowances will be taken into account for the purposes of SOCSO contribution.

For example:

Salary = RM 2000.00
Overtime Payments = RM 200.00
Allowances = RM 50.00

Total Salary = RM 2250.00

I this scenario, do you know how much SOCSO should be deducted from your salary?

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August 30th, 2010 | 6 Comments | 59,857 views