Financial Planners are required to keep records of all advice made to clients for a period of up to 7 years.
Malaysians’ financial literacy has improved significantly from 36% to 59.6%. However they still need buckle up to address financial behaviour and numeracy.
In 2021, they are 14.38% workforces were subject to individual income tax. Tax collected from individual was RM RM 36.4 billion.