Amirul and his wife had been saving for three years. Combined income of RM11,500 a month, no car loan, a clean CCRIS record as far as they knew, and a 20% downpayment ready for a RM550,000 condo in Klang Valley. When the bank’s rejection letter came back, they were stunned – and more than a
A colleague mentions, almost in passing, that tax season is coming up and he still has not “used up” his RM3,000 PRS relief. Someone else in the WhatsApp group chimes in: “Confirm put lah, free money what, tax relief some more.” By the end of the conversation, three people have transferred RM3,000 each into a
It is October, and your HR department has just sent the annual reminder: “Contribute to PRS before year-end to enjoy tax relief.” A colleague forwards you a screenshot from a Facebook finance group with the caption “close eyes and contribute, confirm untung.” You open your banking app, transfer RM3,000 into a Private Retirement Scheme fund