Budget 2019: Takeaways for the middle class

Tax relief: Budget 2019 will see the separation of the previous combined RM6,000 tax relief allocated for EPF contribution and life insurance or takaful premium into RM4,000 and RM3,000.

BY now, the hype of Budget 2019 would have died down somewhat and Malaysians from all walks of life would have a pretty good idea how the budget could directly affect them or otherwise.

Clearly, many new incentives and taxes will be introduced in 2019, and many perceive that the budget is primarily targeted at the B40 segment which therefore begets the question, where does that leave the middle class?