Monthly Archives: July 2011

Will Salary Increment Brings Higher Tax?

Posted on July 29, 2011 by David Lee

A friend of mine who is Senior Manager of manufacturing industry recently got a pay rise of RM500, which increasing his monthly income to RM10,500 and putting him in a much higher tax bracket. He came back to me to … Continue reading →

Posted in Finance Tips, Income Tax | Tagged , , , | 1 Comment

Will Penang Property Price Continues to Shoot Up?

Posted on July 26, 2011 by David Lee

Nowadays, the property price in Penang Island is far beyond the normal working adult can afford. We also know that lowering down the house price is not going to happen in Penang due to the building construction cost and the … Continue reading →

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How to Calculate Flat Rate Loan Repayment?

Posted on July 23, 2011 by David Lee

I received a call from a banker last week, offering me a low interest personal loan of RM RM27,000 at 4.88% per year, with 3 or 5 years repayment terms. The idea put forth to me was that I could … Continue reading →

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How to Maximise Your EPF Retirement Savings?

Posted on July 19, 2011 by David Lee

As everybody known, EPF manages its funds with one risk profile and that is extremely conservative. Taking out your money from the EPF to invest makes sense because you can choose a fund that suits your risk profile or investing … Continue reading →

Posted in Bank & Investment, Retirement Planning | Tagged , , , , , , , | 1 Comment

Where EPF Invest Our Money?

Posted on July 16, 2011 by David Lee

Have you ever wonder where do Employees Provident Fund (EPF) invest our hard earn money? We knew our finance ministry would not be able to give guarantee returns in the EPF rates or the money received from the stock market. … Continue reading →

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