Restoring your wealth

Rajen Devadason, a licenced financial planner with Manulife Investment Management (M) Bhd said the encouragement of personal responsibility in preparing for retirement is by granting enhanced tax benefits to individuals for PRS (Private Retirement Scheme) investments, and introducing long overdue tax benefits for unit trust investments by individuals.

EVER wondered how the national budget will affect you and your wallet when it is tabled this Friday – will you be better off, worse or remain status quo?

Budget 2022 is essentially a part of the national economic plan. Whatever is tabled will affect you one way or another. If more taxes are imposed, you will have less money in your wallet. It is the opposite if taxes are reduced.