Ally Chung - Making Personal Finance Simple

经过, 路过, 别错过啊。

2021年终, 拿走RM50

来..来...来...有投资股票的朋友们.. 手指动一动RM50块 TNG Reload 就是你的啦。

只限500位而已，first come first serve 赶紧行动

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Serba Dinamik’s Stock and warrant trading suspended for continuous 2 days on 27th -28th May after its External auditor KPMG put on Red flags in Statutory Audit.

iFAST Malaysia Fixed Income team attended Serba Dinamik Briefing Update Held at 3.30pm on 29th May 2021. Click the article for more clarity and take away points.

https://www.linkedin.com/posts/ally-chung-cheng-mun-



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You have a dream , we can craft the ladder for you, so you may step closer to your dream!!

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Doing the RIGHT things, the rewards will come along the way!!

Congratulation to on securing project from Hong Kong similar to iAkaun EPF.

The investment landscape has changed, with automation and transparency lead to higher fees reduction and investor has faster breakeven.

Click on Book appointment with me for lower fees investment options, Wait no more!!

For advisor who like to explore career in company, PM me for a brief chat.

iFAST gains big leg up in Hong Kong with successful eMPF Platform tender iFAST shares closed Friday, Jan 29 at $5.51, up 9.33%.

Are you existing investing in China -Taiwan -Korea -Indonesia - Brazil?? No? Not Yet??

Asia and Emerging Market has gained up to 25% return in 2020 and the 5 countries above are potentially having double digits return by year end of 2022 as well..

Check out what Shawn Low, iFAST Research Analyst share his insights in this short video.

If you interested but unsure how - Click appointment button to set up FREE appointment with Licensed Financial Planner to cater a customised Investment portfolio that suit your risk profile and Investment Objectives.

EP 3: Key Investment Themes & Outlook for 2021 - Asia & EM to Outperform In the third episode of our Key Investment Theme series, we will be sharing about the prospects and upside potential for the Asia Ex-Japan region and the Eme...

Recently posted a story about in the latest budget announcement and it was getting a lot of attention so I just wanted to reshare it here. Hope it helps you out too!

'In less than 39 days, we will bid farewell to 2020, a year full of challenges for everyone. Meanwhile, Many Malaysian will busy in searching for more Tax Reliefs subscriptions to maximise on .

Here I would like share 3 additional Penjana Tax Reliefs YA 2020 to make claim if you entitled.💵💵

1/Income tax relief of up to RM2,500 for the purchase of 📱mobile phones, notebooks and tablets made from 1 June 2020 to 31 December 2020

2/Income tax relief of up to RM1,000 for domestic travelling expenses 🧳incurred between 1 March 2020 to 31 December 2021

3/Income tax relief for the 👶🏻 child care centre/kindergarten fees for a child aged 6 years & below increased from RM2,000 to RM3,000 effective for YAs 2020 and 2021

If you lost your employment during this year, 😥don’t be discourage, the Income Tax Exemption on Compensation for Loss of Employment EFFECTIVE YAs 2020 & 2021 will be helpful.

Form current Income tax relief limit RM10,000 for each full year of service Proposed will increased to RM20,000 for each full year of service

Share this post if you find this post is helpful in maximise Tax Savings.

[PM if you wish to attend my online sharing on more useful tips on Tax Reliefs]

Last, always refer to a professional Tax Agent if you have doubts in tax submission.'

“Sometimes I feel like I can’t breathe when come to Issues a.k.a Not Enough Money”

Do you have/ had this similar moments before? Fear Not.

Try these few ways to Stop from ruining your life.

1/ Don’t keep your problem to yourself.

You can talk to a trusted person, a Professional even better.

2/ Dig the “Root Cause” of your Money problem to Overcome it.

If there is dirt on your face, wiping the mirror does not helps.

3/ Talk to necessary person.

If you are married, talk to your spouse;
If you are single, talk to your parents,siblings or the rabbit hole underneath the tree.

4/ Priorities & maintain your .

Because you can’t afford unexpected high medical bill.

5/ Stay Optimistic.

Someone said "Problems are like dirty laundry inside washing machine, when we get out from washer, we will be “Cleaner”, “Brighter” & even “Smell better "

“有时候，当我遇到 Issues又称“资金不足”时，我感觉无法呼吸”

您之前有过类似的经历吗？ 不要害怕。

尝试以下几种方法:

1 /不要把问题留给自己。

您可以与受信任的人交谈，甚至可以与专业人士交谈。

2 /挖掘您的金钱问题的“根本原因”以解决它。

如果脸上有灰尘，则擦拭镜子无济于事。

3 /与必要的人交谈。

如果您已婚，请与您的配偶交谈；
如果您单身，请与您的父母，兄弟姐妹或树下的兔子洞聊天。

4 /优先考虑并保持健康。

因为您负担不起意外的高额医疗费用。

5 /保持乐观。

有人说：“问题就像洗衣机内脏衣服一样，当我们从洗衣机中出来时，我们将变得“更清洁”，“更明亮”甚至“更香”。

这些是我在“减少财务压力”文章中了解的5个技巧，请单击原始内容以获取更多信息

These are the 5 tips that i learnt in article of Reduce Financial Stress, click original content for more infor.

5 ways to stop financial stress from ruining your life Financial problems can lead to a sense of helplessness but there are ways to handle financial stress.

With the election settled and more promising news coming for a potential vaccine, it is key to relook at potential opportunities in the world’s strongest market. 🧐

📣 and 🏆 are together to organize a webinar
Grab this opportunity to listen to the experts sharing their views and strategies as well as answer questions about the market outlook via their presentations and panel discussions.

Date: 14 November 2020, Saturday
Time: 2.30pm 👓⏰

Session 1️⃣: US Election and Market Outlook
Speaker: David Jong, Senior Manager, Retail Sales of Franklin Templeton Asset Management

Session 2️⃣: Budget 2021 & Portfolio Investment strategy
Speaker: Jerry Lee, Assistant Portfolio Manager of iFAST Portfolio Team

Session 3️⃣: Panel Discussion
Moderator: Sherman Tam, Assistant Manager, iFAST Investment Consultant Team

Panelist:
1. David Jong
2. Jerry Lee

This webinar will be conducted via Zoom. I am giving away a 1% promotion all US-based funds from 14/11/2020 - 30/11/2020.

Leave a comment below about why you need US in your portfolio and win a seat🎫 at the seminar and enjoy this amazing discount! 🎁

Here are the key points from the budget!

1) Reduction in tax rate for the RM50,001 to RM70,000 income bracket by 1% (current tax rate is 21%. [Effective from YA2021] -

2) Expansion in the scope of tax relief for medical expenses for self, spouse or child to include vaccination costs up to RM1,000 and threshold increased from RM6,000 to RM8,000. For complete medical examination, threshold is increased from RM500 to RM1,000. [Effective from YA2021]

3) Bantuan Saraan Hidup replaced with Bantuan Prihatin Rakyat with higher rates of assistance.

4) Tax relief up to RM8,000 for net deposits into Skim Simpanan Pendidikan Nasional. [For YA2021 and YA2022]

5) Increase in the tax relief for expenses relating to parent’s medical expenses, special needs and carer expenses from RM5,000 to RM8,000. [Effective from YA2021]

6) EPF employee contribution rate reduced from 11% to 9% for 1 year starting Jan 2021.

7) Withdrawals from EPF Account 1 allowed for 12 months (application start Jan 2021) - RM500/month up to RM6,000 per annum, and Account 2 for insurance, takaful and critical illness products.

8) Exemption per completed year of service (compensation for loss of employment) increased from RM10,000 to RM20,000. [For YA 2020 and 2021]

9) Tax relief for education expenses (self) are expanded to include expenses for qualifying courses, limited to RM1,000 for each year of assessment.

10) Tax relief for PRS contributions of RM3,000 extended to YA 2025. [Effective from YA2022 to YA2025]

11) Increase in tax relief for disabled spouse from RM3,500 to RM5,000. [Effective from YA2021]

12) Increase in lifestyle relief from RM2,500 to RM3,000 and expanded scope to include sport expenses (sports equipment, facilities entrance / rental fees and participation fees) and electronic newspapers. [Effective from YA2021]

13) Preferential tax rate of 15% allowed for 5 years to foreign citizens holding key positions (C-suites) in new strategic investments in companies that move their operations into Malaysia.

14) Additional tax deductions will be given to employers who employ senior citizens, ex-convicts, parolees, etc. This tax deduction is extended until 2025.

15) Geran Khas Prihatin Tambahan of RM1,000 will be provided to traders, taxi drivers, e-hailing, rental car and tourist drivers to mitigate the drop in tourism in Sabah.

16) [New] Equity Crowd Funding - tax exemption for individual investor to encourage crowdfunding.

17) One off payment of RM500 for frontliners.

18) Proposed increase in monthly social welfare for OKU and senior citizens.

19) Stamp duty exemption - SPA and loan agreement for purchase of first residential property worth up to RM500k. For SPA signed between 1 Jan 2021 to 31 Dec 2025.

20) Stamp duty exemption - SPA and loan agreement on abandoned housing project - extended to 31 December 2025.

21) Stamp duty exemption on insurance policies and takaful from 1 January 2021 to 31 December 2025.

22) Stamp duty exemption on ETF transactions between 1 January 2021 to 31 December 2025.

If any of these points affect you then please get in touch to see how best to act upon them, every situation is unique!