1
APRIL 2015
magazine
SAVEMONEY INCOME TAX GUIDE
2015
$
2
APRIL 2015
3
APRIL 2015
20 22
1
APRIL 2015
magazine Y SAVEMONE INCOME E TAX GUID
2015
$
4
APRIL 2015
Malaysia Income Tax Guide 2015
RM
Chargeable Income (RM)
Calculations (RM)
Rate (%)
Tax(RM)
0 - 2500 2,501 - 5,000
On the first 2,500
0
0
Next 2,500
0
0
5,001 - 10,000
On the first 5,000 Next 5,000
2
0 100
10,001 - 20,000
On the first 10,000 Next 10,000
2
100 200
20,001 - 35,000
On the first 20,000 Next 15,000
6
300 900
35,001 - 50,000
On the first 35,000 Next 15,000
11
1,200 1,650
50,001 - 70,000
On the first 50,000 Next 20,000
19
2,850 3,800
70,001 - 100,000
On the first 70,000 Next 30,000
24
6,650 7,200
Exceeding 100,000
On the first 100,000 Next RM
26
13,850 ...........
5
APRIL 2015
Malaysia Income Tax Guide 2015
Chargeable Income (RM)
Calculations (RM)
Rate (%) 2014
Rate (%) 2015
Tax(RM) 2014
Tax(RM) 2015
Saving
-
-
-
0 - 5,000
On the first 2,500 Next 2,500
0
0
5,001 - 10,000
On the first 5,000 Next 5,000
2
1
100
50
50
10,001 - 20,000
On the first 10,000 Next 10,000
2
1
100 200
50 100
50 100
20,001 - 35,000
On the first 20,000 Next 15,000
6
5
300 900
150 750
150 150
35,001 - 50,000
On the first 35,000 Next 15,000
6
10
1,200 1,650
900 1,500
300 150
50,001 - 70,000
On the first 50,000 Next 20,000
19
16
2,850 3,800
2,400 3,200
450 600
70,001 -100,000
On the first 70,000 Next 30,000
19
21
6,650 7,200
5,600 6,300
1,050 900
100,001 - 250,000
On the first 100,000 Next 150,000
24
24
13,850 39,000
11,900 36,000
1,950 3,000
250,001 - 400,000
On the first 250,000 Next 150,000
26
24.5
52,850 39,000
47,000 36,750
4,950 2,250
400,001 and Above
On the first 400,000 Next every ringgit
26
91,850 -
84,650 -
7,200 -
25
6
APRIL 2015
Malaysia Income Tax Guide 2015
7
APRIL 2015
Malaysia Income Tax Guide 2015
8
APRIL 2015
Malaysia Income Tax Guide 2015
e-BE Form Online
9
APRIL 2015
Malaysia Income Tax Guide 2015
10
APRIL 2015
Malaysia Income Tax Guide 2015
Separate Assessment
Husband and wife are assessed as separate individuals (each will prepare their own tax assessment)
Joint Assessment
Husband or wife can elect to file for assessment and have their income aggregated in the name of their spouse
Either husband or wife can claim child relief (RM1,000 per child) if applicable
Husband is not entitled to wife’s relief of RM3,000 and a further relief of RM3,500 for a disabled wife
Personal relief can only be claimed once as husband and wife are regarded as a single individual RM3,000 spouse tax relief Additional RM400 tax rebate for couples who have a chargeable income of <RM35,000
11
APRIL 2015
Malaysia Income Tax Guide 2015
12
APRIL 2015
Malaysia Income Tax Guide 2015
Category Grocery
Items
GST
No GST
Category
Items
GST
No GST
Ajinomoto
√
Oyster Sauce
√
Marinated Chicken
√
Tomato Sauce
√
Turkey
√
Tomato Puree
√
Asam Pedas Paste
√
Sweeten Condensed Milk
√
Baking powder
√
Milk Powder
√
Barley
√
Tea (2 in 1, or 3 in 1)
√
Biscuit
√
Fried Chicken Flour
√
Black Pepper Beef Mix
√
Brown Sugar
√
Briyani Rice Mix
√
Castor Sugar
√
Shrimp Powder (Belacan Powder)
√
Tofu Skin (fuchuk)
√
Cashew nut
√
Canned Sardine
√
Cheese slices
√
Canned Tuna
√
Chicken stock cube
√
Canned Mackerel
√
Chili Paste (cili giling)
√
Kaya
√
Coffee Mate
√
Sweet Soy Sauce
√
Coconut Cream
√
Soy Sauce
√
Corn Flour
√
Sup Bunjut( Soup Spices)
√
Corn Oil
√
Chicken
√
Cream of chicken soup
√
Chicken Breast
√
Vinegar
√
Tamarind paste
√
Meat Patty (burger)
√
Shallots
√
Flavouring essences (such as vanilla, strawberry, rose, pandan, and orange).
√
Garlic
√
Fish Ball
√
Big onions
√
Fish Sauce
√
Basmati Rice
√
Fried Dace With Salted Black Bean (canned food)
√
Fragrant Rice
√
Brown Rice
√
Cooking Gas (For home use; will be exempted from GST)
√
Glutinous rice
√
Macaroni
√
Bihun
√
Honey
√
Coriander seed
√
Cardamon seed
√
Maggi Hot Chilli Sauce 320gm
√
Cooking Oil (Palm oil, groundnut and coconut)
√
Marjerin
√
Dessicated coconut
√
Milo
√
Fish Fillet (frozen, fresh, and chilled)
√
Milo 3 in 1
√
Fresh Nutmeg
√
Instant Noodles (Cintan, Magee, etc)
√
Dried Chili
√
Nescafe 3 in 1
√
Chili Padi
√
Sesame Oil
√
White Sugar
√
Olive Oil
√
Ginger
√
Mixed Vegetables (Frozen)
√
Duck
√
Nestum
√
Cinnamon powder
√
Pasta Sauce
√
Galangal (lengkuas)
√
Spaghetti
√
13
APRIL 2015
Malaysia Income Tax Guide 2015 Category
Food and Beverage
Items
GST
No GST
Category
White and Black Pepper (Powder)
√
Fresh Tumeric
√
Fruit and Vegetables
Green Tea
√
Coarse Salt
√
Fine Salt
√
Anchovies
√
Fresh Fish
√
Fermented Fish
√
Salted Fish
√
Lemongrass
√
Dried Chilli Powder
√
Pork
√
Infant Milk Powder
√
Chicken Egg
√
Items
GST
No GST
Grape
√
Baby Cucumber
√
Banana
√
Brocolli
√
Cabbage
√
Kiwi Fruit
√
Cauliflower
√
Mint Leaf
√
Vegetable Mustard
√
Pandan Leaf
√
English Gourd
√
Caesar Salad
√
Fresh Potato
√
Guava
√
Honey Dew
√
Mineral Water
√
Assorted Buns
√
Honey Orange
√
Beef Rendang/ Chicken Currypuff
√
Corn
√
Porridge
√
Long Bean
√
Butter Muffin
√
Pear
√
Butter Sugar Bun
√
Tomato
√
Cappucino
√
Sweet Potato
√
Cereal
√
Persimmon
√
Cheese
√
Shitakei Mushroom
√
Cracker
√
Watermelon
√
M&M Chocolate
√
Starfruit
√
Croissant
√
Lemongrass
√
Egg Tart
√
Brinjal (long and egg-shaped)
√
Energy Drink
√
Yam Bean
√
French Fries
√
Fresh Mushroom
√
Fried Mee/Kuey Tiaw/ Bee Hun
√
Dried dates
√
Ice Cube
√
Dried Mushroom
√
Kinder Bueno
√
Prickle Plum
√
Sunflower Seed (kuaci)
√
After Shave Water
√
Cordial
√
Kacang Putih
√
Antisseptic( Lotion, cream, liquid, ointment)
√
Kit Kat
√
Baby oil
√
Lasagna
√
Baby Powder
√
Hard Liquor
√
Baby Shampoo/Shower
√
Chicken Rice
√
Bar Soap
√
Nasi Briyani
√
Bath Cap and Ball
√
Nasi Dagang
√
Beauty Cream
√
Nasi Lemak
√
Beauty Tools
√
Fried Rice
√
Talcum Powder
√
Old Town White Coffee
√
Tooth Brush
√
Pizza
√
Body Scrub
√
Pringle
√
Breast Pump
√
Ribena
√
Compact Powder
√
Roti Canai (frozen)
√
Cotton Wool
√
Roti Jala
√
Curved Brush
√
Sandwhiches
√
Deodorant (Roll-on, Stick or Spray)
√
Satay
√
Dettol
√
Chicken Floss
√
Diapers(Adult/Children)
√
Smarties
√
Disinfectant Spray
√
Yogurt
√
Ear Pick
√
Essential Oil
√
Health and Beauty
White Bread
√
Wholemeal Bread
√
14
APRIL 2015
Malaysia Income Tax Guide 2015 Category
Household
Items
GST
No GST
Category
Items
GST
Eye shadow
√
Dustpan
√
Eyebrow Pencil
√
Garbage Bag
√
Eyebrow Tweezer
√
Sanitary Napkin
√
Eyelash Curler
√
Tissue Roll
√
Eyebrow Scissor
√
Toilet Bowl Cleaner
√
Face Mask
√
Towel
√
Facial Cotton
√
Mosquito Spray
√
Dental Floss
√
Wall Hanger
√
Food Supplement
√
Absorbent Hook
√
Foot File/ Pumice Stone
√
Adaptor
√
Foot Massage Gel
√
Allen Key Set
√
Listerine
√
Battery
√
Hair Colour Conditioner
√
Bolt & Nut
√
Hair Cream
√
Bulb
√
Hair Dye Powder
√
Butane Gas
√
Hair Dye
√
Car Battery
√
Hair Gel
√
Clothes Rope
√
Hair Oil
√
Cork Screw
√
Hair Serum
√
Door Handle
√
Hair Spray
√
Dustbin
√
Hand and Body Lotion
√
Electrical Cable
√
Hand Sanitizer
√
Flashlight/LED Torch
√
Kids Toothpaste
√
Glove
√
Nail Polish Remover
√
Hammer
√
Pantyliner
√
Hanger Plate
√
Facial Cleanser
√
Hinges
√
Toothpick
√
Sandpaper
√
Perfume
√
Lubricant Oil
√
Toner
√
Long- Nose Plier
√
Wet Tissues
√
Lighter
√
Air Refresher
√
Menthol Bulb
√
Adaptor
√
Padlock and Key
√
Aerosol
√
Paint
√
Ajax Faboluso
√
Paint Brush
√
Baby Feeding Bottle
√
Plastic Hose
√
Baby Gift Set
√
Screw Driver
√
Soil
√
Screw Nut
√
Toilet Brush
√
Stop Cock
√
Broom
√
Super Glue
√
Brush Cloth
√
Alluminium Foil
√
Flower
√
Charcoal
√
Artificial Flower
√
Bottle/Can Opener
√
Button
√
Cup
√
Car Shampoo
√
Chopping Board
√
Mirror
√
Chopstick (set/box)
√
Chair
√
Container
√
Cleaning Cloth
√
Cooking Rice Spoon
√
Detergent
√
Knife
√
Fancy Paper Bag
√
Wok
√
Fabric Softener
√
Paper cup/Paper plate
√
Floor Detergent
√
PE Cling Wrap
√
Home Multi-purpose cleaner
√
Peeler
√
Mop
√
Spoon
√
Mug
√
Fork
√
Vase
√
Spatula
√
Bleach
√
Rack Dishes
√
Hardware
Kitchenware
No GST
15
APRIL 2015
Malaysia Income Tax Guide 2015 Category Garment, Footwear, Bags and Accessories
Medicine
Items Baby Socks
GST
Category
√
Undergarment
√
Disposable Rain Coat
√
Bracelet
√
Clothes
Items
GST
Colour Card
√
Comics
√
Correction Pen
√
Dictionary
No GST
√
Eraser
√
Envelopes
√
√
File
√
Hair Band
√
Gel Pen
√
Hair Clip
√
Hardcover Book
√
Handbag
√
News Paper
√
Sandals
√
Science Practical Book
√
Pouch Bag
√
Neck Tie
√
Belt
√
Head dress
√
Shoes
√
Cap
√
3 Legs Cough Relief 120ml
√
3 Legs Cooling Water 200ml
√
Actal 10's
√
Ammeltz Yoko Yoko 48ml
√
Baby Diaper Rash Cream
√
Bandage 2''
√
Bonjela 15 gm
√
Brand's Innershine 42 ml
√
Bye Bye Fever For Children 16's
√
Calamine Lotion
Toy and Games
√ Pets
Airplane
√
Sport Accessories
√
Bubble Toy Gun
√
Car
√
Cartoon Sticker
√
Chess Game
√
Congkak
√
Cooking Playset Toys
√
Dream House Set
√
Fashion Doll
√
Flash Card
√
Guitar Toys
√
Monopoly
√
Party Set
√
Modelling Clay
√
Cage
√
Cap Tanjak Minyak Angin Panas 60ml
√
Compound Watermelon 2GX6 Bot
√
Pet Food (all kinds)
√
Condom
√
Pet Accessories
√
Counterpain 30GM
√
Pet Shampoo
√
Deep Heating Rub 35.4 gm
√
Pet Toys
√
Dequadin HC Lemon 12 X 38gm (CTN)
√
Drapolene Cream (55g)
√
ENO
√
Golden Throat Herbal Lozenge
√
Mopiko
√
Panadol Actifast Tablet
Stationery
No GST
√
Hurix's 600 Flu Cough Syrup 60ml
√
Medicated Tea 6gm
√
Pill Chi Kit Teck Aun
√
Renu Fresh Kit 355ml + 60ml
√
Uphamol Tablet 500mg
√
Three Legs Yellow Lotion
√
A4 Colour Binding Set
√
Address Book
√
Ball Pen
√
Book Cover
√
Book Wrapper
√
Exercise Book
√
Calculator
√
Carbon Paper Handwriting
√
Children Colouring Book Children Sticker Book
√ √
Story Book * As a part of education co-curicullum Colour Pencil
√ √
16
APRIL 2015
Malaysia Income Tax Guide 2015
17
APRIL 2015
Malaysia Income Tax Guide 2015
18
APRIL 2015
APRIL 2015
19
20
APRIL 2015
CityScapes Tour
Hotel Living in the City
Transport (toll, petrol or public transport)
RM30 (1 day)
Transport to and from Hotel
RM20 – RM30
Food
RM50-RM100 (per person, per day)
Food
RM100 (per person)
Entrance fees to parks/ attractions
RM50 – RM100 (depending on how many you visit)
Hotel Room Rate
RM250 – RM350 (per night, 3 stars)
Total
RM130 (min per person)
Total
RM370 (min)
City Vacation in Bangkok
Beach Vacation in Penang
Flight/Transport
RM296 (per person on budget airline*)
Flight/Transport
Food
RM250 (per person, 3 days) Food
RM250 (per person, 3 days)
Hotel
RM300 (per room, 2 nights) Hotel
RM500 (per room, 2 nights)
Shopping
RM150
Shopping
RM100
Total
RM996
Total
RM962
A Luxury Villa Vacation in Bali
RM112 (per person on budget airline*)
Romance at the Banjaran Hotsprings
Flight/Transport
RM688 (per person on budget airline*)
Transport
RM150 (petrol and toll from KL)
Food
RM300
Food
RM300
Hotel
RM2,300 (per room, 2 nights)
Hotel
RM3500 (per chalet, 2 nights)
Shopping/Misc
RM500
Shopping/Misc
RM200
Total
RM3,788
Total
RM4,150
21
APRIL 2015
Nifty Tricks to Avoid Overspending Every month, you diligently draw up a budget to keep track of your spending. You may be aware of what goes in and what goes out but that doesn't stop you from finding yourself emptying your bank account before your next pay. Maybe your budget isn't the best or maybe, you're simply overspending. The truth is, having a budget alone doesn't always stop you from wasting money. But there are other ways to deal with the addiction to spend. Here are 5 tricks you can try to avoid being broke once again.
1
Limit the Cash in Your Wallet
When you know you have a few hundred ringgit sitting in your wallet, it makes it so much easier to spend without thinking. We're a generally lazy lot and trekking to the ATM to withdraw makes everyone think twice about wanting to buy an item. In fact, the trip to the bank may even give you time to talk yourself out of an impulsive purchase. So the next time you head down to the mall, make it inconvenient for yourself to shop. By having less money in your wallet, you'd be able to limit your spending and eventually learn to optimise what you have in hand. Before making any purchase, you'd be forced to consider if the walk to the ATM is worth the effort; and if it isn't worth the effort to withdraw the money - it certainly isn't worth the money spent!
2
Bring an ATM Card From a Bank with Limited ATMs
It's convenient to have an ATM card to easily make cash withdrawals especially at places where they only take cash payment. If you have a few bank cards available, try bringing the one from the bank with the fewest ATMs in town and keep the rest at home. The purpose of doing this is to stop you from spending. Combined with tip no 1; it will be seriously difficult for you to overspend during shopping trips if you practice this. Having to launch an ATM 'treasure hunt' will give you more time to consider and when you really want an item, you will come back for it the next time you have enough cash.
3
Don't Hang Out at Malls
Has hanging out at the mall become your favorite pastime? If it is, perhaps it's time to find a new one. There is no harm going to the mall; to enjoy free air-conditioning and get a bite to eat with your mates. The problem is when you can't keep your wallet shut. If resistance is futile, try avoiding the shops altogether. An alcoholic giving up drink will not be sitting at a bar and looking at others chug away so don't torture yourself that way either. There are plenty of fun things you can do with your free time. Why not adopt a healthier past time such as reading a book, jogging at the park or cooking? There are plenty of things you can do; just as long as you are not shopping.
4
Don't Succumb to Sales Persuasion
The helpful and friendly sales assistant is great; she advises you about what works for you and tells you the benefits of each product. In fact, she's so helpful and likeable; you feel bad turning her down. But here's when your emotions will end up costing you more than you bargained. Be firm with the 'no' if you encounter a salesperson. They can usually smell hesitation so you need to be calm and sure, telling them you're not interested. It's great to be so sensitive that you want to help every struggling retailer make a sale but not when it costs you 50% of your pay for items you have no real need nor use.
5
Beware of Sale Fever
We all can relate to the excitement of seeing the promotion signage on the window display of our favourite stores. Spending during promotional periods is the best time to buy more at lower prices. However, paying a cheap price for an item you didn't need in the first place is not saving money. The sale fever can get to you. What's worse is when all your friends and relatives have succumbed to it too. Break the cycle by opting out. Avoid following them to the mall and try your hand at other pastimes. You'll never know what you might find enjoyable that costs a lot less money.
We all love to treat ourselves from time to time. However, as much as we understand, the urge to spend can get out of control. But you don't have to rely on willpower alone. The above tricks will help you spend less by leveraging off the things you already know about the modern shopping experience. As much as it's important to not overspend; it's also important to save every month, with the right savings account for your purposes (re: lesser ATMs!). Since no one has the time to go to every bank searching for the best interest rates, fret not we've done the work for you. Head over to our savings account page for more details. Good luck!
Credit Cards + Personal Loans + Home Loans + Car Loans + Insurance + Internet. This was brought to you by Denise Chan from RinggitPlus.com. RinggitPlus compares credit cards, personal loans and home loans to help Malaysians get more for their money. Disclaimer: This article is for information only. Nothing in this article is an endorsement, recommendation or suggestion of any banking, monetary or financial institution, product, service or security, in any form whatsoever. It is not, and shall not be construed as, an offer (that is capable of being accepted) of any credit card, or a solicitation or invitation to purchase or otherwise deal with any credit card issuer. The reader must obtain independent and appropriate financial, legal and other advice before dealing with any credit card issuer. This article does not constitute financial, legal or other advice. The views expressed are the writer's own, and do not reflect or incorporate the views of any entity within the Saving Plus Sdn Bhd entities. Nothing in this article binds or incorporates the views of any Entity, or creates legal relationships between the reader and any Entity.
22
APRIL 2015
Top Product Tables
Bank
Product Name
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 1 year
Type
Bank Rakyat
Bank Rakyat Pembiayaan Peribadi-i Rakan Pintar
RM1,000
3.27% p.a.
5.98% p.a.
RM861
RM332
Unsecured Islamic Loan
Bank Islam
Bank Islam Flat Rate Personal Financing-i Package
RM2,000
4.99% p.a.
9.09% p.a.
RM875
RM500
Unsecured Islamic Loan
Public Islamic Bank
Public Bank BAE Personal Financing-i
RM2,000
4.99% p.a.
9.09% p.a.
RM875
RM500
Unsecured Islamic Loan
Agrobank
Agrobank Hartani-i
RM1,500
6.10% p.a.
11.08% p.a.
RM884
RM608
Secured Islamic Loan
Alliance Bank
Alliance Bank CashFirst Personal Loan
RM3,000
6.88%p.a.
12.47%p.a.
RM891
RM692
Unsecured Loan
Bank
Product Name
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 3 years
6.18% p.a.
RM305
RM980
Type
Bank Rakyat
Bank Rakyat Pembiayaan Peribadi-i Rakan Pintar
RM1,000
3.27% p.a.
Ambank Islamic
AmBank Personal Financing-i
RM1,500
4.30% p.a.
8.05%p.a.
RM314
RM1,304
Unsecured Islamic Loan
Public Islamic Bank
Public Bank BAE Personal Financing-i
RM2,000
4.99% p.a.
9.29% p.a.
RM319
RM1,484
Unsecured Islamic Loan
Bank Islam
Bank Islam Flat Rate Personal Financing-i Package
RM2,000
4.99% p.a.
9.29% p.a.
RM319
RM1,484
Unsecured Islamic Loan
Agrobank
Agrobank Hartani-i
RM1,500
6.10% p.a.
11.26% p.a.
RM329
RM1,844
Secured Islamic Loan
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 5 years
Bank
Product Name
Unsecured Islamic Loan
Type
Bank Rakyat
Bank Rakyat Pembiayaan Peribadi-i Rakan Pintar
RM1,000
3.70% p.a.
6.89%p.a.
RM198
RM1,860
Unsecured Islamic Loan
Ambank Islamic
AmBank Personal Financing-i
RM1,500
4.30% p.a.
7.94%p.a.
RM203
RM1,980
Unsecured Islamic Loan
Public Islamic Bank
Public Bank BAE Personal Financing-i
RM2,000
4.99% p.a.
9.14%p.a.
RM208
RM2,460
Unsecured Islamic Loan
Bank Islam
Bank Islam Flat Rate Personal Financing-i Package
RM2,000
4.99% p.a.
9.14%p.a.
RM208
RM2,460
Unsecured Islamic Loan
Agrobank
Agrobank Hartani-i
RM1,500
6.10% p.a.
11.02% p.a.
RM218
RM3,050
Secured Islamic Loan
Bank
Product Name
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 1 year
Type
Agrobank
Agrobank Hartani-i
RM2,000
6.10%p.a.
11.08%p.a.
RM884
RM608
Secured Islamic Loan
Bank Rakyat
Bank Rakyat Personal Financing-i Private
RM2,000
6.16%p.a.
11.18%p.a.
RM885
RM620
Unsecured Islamic Loan
Alliance Islamic Bank
Alliance Bank CashVantage Personal Financing-i
RM3,000
6.88%p.a.
12.47%p.a.
RM891
RM692
Unsecured Islamic Loan
Mach by Hong Leong Bank
Hong Leong Mach IOU Personal Loan
RM2,000
7.00%p.a.
12.68%p.a.
RM892
RM704
Unsecured Loan
Bank Islam
Bank Islam Personal Cash Line-i
RM1,500
7.85%p.a.
14.19%p.a.
RM899
RM785
Secured Islamic Loan
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 3 years
Bank
Product Name
Type
Agrobank
Agrobank Hartani-i
RM2,000
6.10%p.a.
11.26%p.a.
RM329
RM1,844
Secured Islamic Loan
Bank Rakyat
Bank Rakyat Personal Financing-i Private
RM2,000
6.16%p.a.
11.36%p.a.
RM329
RM1,844
Unsecured Islamic Loan
BSN
BSN Sandaran Sijil Simpanan Tetap
RM1,000
6.45%p.a.
11.70%p.a.
RM332
RM1,952
Secured Islamic Loan
Alliance Bank
Alliance Bank CashFirst Personal Loan
RM3,000
6.88%p.a.
12.62%p.a.
RM335
RM2,060
Unsecured Loan
Hong Leong Bank
Hong Leong Personal Loan
RM2,000
7.00%p.a.
12.83%p.a.
RM336
RM2,096
Unsecured Loan
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 5 years
Bank
Product Name
Type
Agrobank
Agrobank Hartani-i
RM2,000
6.10%p.a.
11.02%p.a.
RM217
RM3,020
Secured Islamic Loan
BSN
BSN Sandaran Sijil Simpanan Tetap
RM1,000
6.45%p.a.
11.60%p.a.
RM220
RM3,225
Secured Islamic Loan
Alliance Bank
Alliance Bank CashFirst Personal Loan
RM3,000
6.88%p.a.
12.31%p.a.
RM224
RM3,440
Unsecured Loan
Bank Rakyat
Bank Rakyat Personal Financing-i Private
RM2,000
6.89%p.a.
12.32%p.a.
RM224
RM3,440
Unsecured Islamic Loan
Hong Leong Bank
Hong Leong Personal Loan
RM2,000
7.00%p.a.
12.50%p.a.
RM225
RM3,500
Unsecured Loan
23
APRIL 2015
Top Product Tables
Bank Name
Product Name
FD Type
Minimum Deposit
Advertised Interest Rates
Effective Interest Rates
Interest on RM50,000
Depositor’s Insurance?
Affin Islamic Bank
Affin Islamic Term Deposit Plus-i
Standard
RM10,000
3.49%
3.49%
RM145
PIDM
MBSB
MBSB Fixed Deposit for 49'ners Club
Standard
RM1,000
3.40%
3.40%
RM142
MBSB
Bank Islam
Bank Islam Term Deposit-i
Standard
RM1,000
3.30%
3.30%
RM140
PIDM
Agrobank
Agrobank Fixed Return Investment Account-i
Standard
RM5,000
3.25%
3.25%
RM135
PIDM
Bank Muamalat
Bank Muamalat Fixed Term Account-i
Standard
RM5,000
3.20%
3.20%
RM133
PIDM
Bank Name
Product Name
FD Type
Minimum Deposit
Advertised Interest Rates
Effective Interest Rates
Interest on RM50,000
Depositor’s Insurance?
Affin Bank
Affin FDPLUS2
Standard
RM5,000
3.80%
3.80%
RM475
PIDM
Bank Rakyat
Bank Rakyat Term Deposit Account-i
Standard
RM500
3.70%
3.70%
RM463
DFIA
MBSB
MBSB Fixed Deposit for 49'ners Club
Standard
RM1,000
3.45%
3.45%
RM431
MBSB
Bank Islam
Bank Islam Term Deposit-i
Standard
RM500
3.35%
3.35%
RM419
PIDM
Mach by Hong Leong Bank
Mach Fixed Deposit
Standard
RM1,000
3.30%
3.30%
RM413
PIDM
Bank Name
Product Name
FD Type
Minimum Deposit
Advertised Interest Rates
Effective Interest Rates
Interest on RM50,000
Depositor’s Insurance?
Agrobank
Agrobank Fixed Return Investment Account-i
Standard
RM10,000
4.10%
4.10%
RM1,025
PIDM
Public Bank
Public Bank Plus Fixed Deposit Account
Standard
RM20,000
4.08%
4.08%
RM1,020
PIDM
Bank Rakyat
Bank Rakyat Term Deposit Account-i
Standard
RM500
3.90%
3.90%
RM975
DFIA
Affin Bank
Affin Bank FD Plus
CASA
RM10,000
3.86%
3.86%
RM965
PIDM
MBSB
MBSB Fixed Deposit for 49'ners Club
Standard
RM1,000
3.55%
3.55%
RM888
MBSB
Bank Name
Product Name
FD Type
Minimum Deposit
Advertised Interest Rates
Effective Interest Rates
Interest on RM50,000
Depositor’s Insurance?
Standard Chartered
Standard Chartered Saadiq Term Deposit-i
Standard
RM5,000
4.25%
4.25%
RM1,594
PIDM
Al-Rajhi
Al-Rajhi Wakalah Bi Al-Istithmar Investment Account-i
Standard
RM1,000
4.00%
4.00%
RM1,500
PIDM
Bank Rakyat
Bank Rakyat Term Deposit Account-i
Standard
RM500
3.95%
3.95%
RM1,481
DFIA
CASA
RM10,000
3.90%
3.90%
RM1,463
PIDM
Standard
RM1,000
3.65%
3.65%
RM1,369
MBSB
Affin Bank
Affin Bank FD Plus
MBSB
MBSB Fixed Deposit for 49'ners Club
Bank Name
Product Name
FD Type
Minimum Deposit
Advertised Interest Rates
Effective Interest Rates
Interest on RM50,000
Depositor’s Insurance?
Public Islamic Bank
Public Bank Islamic Term Deposit-i
Standard
RM10,000
4.21%
4.21%
RM2,105
PIDM
CIMB
CIMB Unfixed Deposit
Standard
RM10,000
4.20%
4.20%
RM2,100
PIDM
Alliance Islamic Bank
Alliance Islamic Term Deposit-i
Standard
RM10,000
4.10%
4.10%
RM2,050
PIDM
Affin Bank
Affin Bank FD Plus
CASA
RM10,000
3.94%
3.94%
RM1,970
PIDM
MBSB
MBSB Fixed Deposit for 49'ners Club
Standard
RM1,000
3.70%
3.70%
RM1,850
MBSB
24
The SaveMoney .my Tax Calculator App
APRIL 2015
TAX
Save money on your Income Taxes with one simple App.
WHEN IS THE TAX DEADLINE? You will have to submit your income tax forms by 30th April 2015.
WHY USE OUR TAX CALCULATOR? If you are not sure how much tax you have to pay, why not leave the hard work to the SaveMoney Tax Calculator App? It will also provide a personalised tax report that helps you learn how to reduce your tax payable.
HOW DOES THE TAX CALCULATOR WORK?
Enter your income
Tell us about yourself
Relief and refunds.
Your savings report.
Find out how much tax you have already paid
Letâ&#x20AC;&#x2122;s determine your actual taxable income.
It actually pays to have children!
A personalised email is waiting in your inbox.
* Actual screenshot taken from the app.
WHERE CAN I DOWNLOAD THE APP? Go to:
savemoney.my