Financial planning is a process of developing strategies to help people manage their financial affairs to meet life goals.
Month: September 2022
Explained: The Role of Financial Planner
Financial Planners are required to keep records of all advice made to clients for a period of up to 7 years.
Explained: Current State of Malaysian Financial Literacy
Malaysians’ financial literacy has improved significantly from 36% to 59.6%. However they still need buckle up to address financial behaviour and numeracy.
Explained: Current State of Malaysian Estate
As of 2020, there are around RM 105 billion of frozen assets in Malaysia. 90% of this frozen estates are belong to Bumiputera.
Explained: Current State of Malaysian Tax
In 2021, they are 14.38% workforces were subject to individual income tax. Tax collected from individual was RM RM 36.4 billion.