Budget 2024 takes seniors' financial health into account, says EPF

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Budget 2024 takes seniors' financial health into account, says EPF
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On Jan 1 this year, the celebrity couple announced their engagement on social media.

PETALING JAYA: The financial wellbeing of Malaysia's ageing population has been given attention in Budget 2024.

He added that the low level of savings among EPF members also had to be addressed to ensure that they can retire comfortably and meaningfully. "Working wives will have the option to allocate 2% of their monthly EPF contributions to their husbands’ EPF accounts."The i-Sayang programme, launched in March, allows husbands to voluntarily allocate 2% of their monthly EPF contributions to the EPF accounts of their wives.

"A matching incentive will be provided for every ringgit contributed to the EPF scheme by housewives below age 60 years old registered in the e-Kasih database.

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