Thursday, October 6, 2011

Budget 2012

Malaysians can expect more good news when Datuk Seri Najib Tun Razak unveils Budget 2012 this afternoon at 4pm.

- Full exemption of import duty and excise duty on hybrid cars and electric cars will continue to be given until 2013.

- Civil servants get pay rise between RM80 to RM320

- Govt will extend the compulsory retirement age from 58 to 60 years old to optimise civil servants' contribution.

- Skim Amanah Rakyat (SARA) 1Malaysia will benefit 100,000 households with income below RM3,000 per month

- One-off assistance of RM500 to households with a monthly income of RM3,000 and below will be provided.

- For those in private sector earning RM5000 and below, employers' EPF contribution will increase from 12% to 13%

- Civil servants will be given an additional bonus of half-month salary and pensioners RM500.

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