Archive | superannuation fund

Story of EPF taxation & clarification from the FM

Since the beginning of time, governments have cut taxes on income and people have paid them. Some governments have tried to gain popularity by raising exemption limits or  by increasing deductions. But this government will go down in history as the one that taxed retirement benefits. Our beloved EPF. [EPF was fully tax free when withdrawn after 5 years of […]

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How are payments from & contributions to an approved superannuation fund taxed

We receive a lot of queries about how superannuation fund is taxed – when payments are received from it or where contributions may have been made. Let’s understand below. What is an approved superannuation fund? An approved superannuation fund means a fund which is approved and continues to be approved by the Commissioner in accordance […]

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