KUALA LUMPUR, Dec 13 — The Employees Provident Fund (EPF) introduced the Belanjawanku 2024/2025 and Retirement Income Adequacy (RIA) Framework yesterday, to provide Malaysians...
How much to spend monthly and save for later day? Your guide to understanding EPF ’s new Belanjawanku and retirement framework
The Belanjawanku Guide is a simple spending guide that shows the estimated minimum monthly costs needed for Malaysians from all kinds of households — whether you’re single or a senior citizen — to live comfortably. It breaks spending into key areas like housing, food, and transport, helping you focus on essentials and find ways to save.
The Belanjawanku Guide provides valuable insights into current cost of living but it is not intended as a standard on how much to spend and what to spend on. — Picture by Choo Choy MayFor a single person, costs are based on renting a fully furnished room. For couples and families, it’s calculated using the lower amount between house rent or mortgage payments. These estimates assume the home is within 30 km of the city centre.
Have more than enough for Basic saving? Then you can diversify your investment, by transferring 30 per cent of the surplus to an approved fund of your choice.
Faqs Belanjawanku 2024 2025 Guide RIA Framework
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