Want to save more from Tax? Read on…
My premium is Rm2,400. Why the statement only shows Rm1,800?This may due to administration fees, or certain riders which didn’t entitle for relief.
From 2010 onwards, premium on annuity scheme or additional premium paid on existing annuity scheme is qualify for another Rm1,000 relief. Amount exceeding Rm1,000 can be claimed together with life insurance premium category.
As the above criteria may change from time to time by regulatory authority, please seek your own tax advice if necessary.