IF u tracking finance issues in malaysia, u sure noticed the announcement from our new Minister of Finance, or future Prime Minister on the reduction of EPF rate from 11% to 8%... From calculation from calculator, reduction of 3% of individual rate, will provides increament of domestic market cash liquility, it looks or sound very effective for short term problem solving or methodology to stable the country economics....
But unfortunately, this is a good news for either low incomers or high incomers.... sigh, it is M social issue again... those who are very poor get benefit from government, but government also take care on those are very rich!!! It means middle range of citizen is most suffer from economic crisis!!
According to nanyang.com - http://www.nanyang.com/index.php?ch=7&pg=10&ac=905284, and sinchew daily, those who in middle range (around RM2500 -RM6000), hav to pay tax if their EPF rate reduced to 8%, other words, u hav to donate ur money to government... So, middle rangle citizen should make correct decision, EPF still consider as own future money, tax is like 'bill'... wat should u choose ???
So, government decision on EPF rate reduction izzit really benefit to public??? I got the question, u hav the answer too.... =)





