Giving at year-end feels good because of both the emotional satisfaction of holiday giving and the tax benefits those gifts may unlock.
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Author: Thamin Abdul
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3 year-end giving strategies for new tax laws
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The long view: Planning for financial happiness
Your financial life is about much more than just your portfolio. It’s also about your “human capital.”
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When do Roth conversions make sense?
In this 14-minute podcast, Vanguard Wealth Planning Specialist Boris Wong discusses when Roth conversions make sense from a tax perspective.
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Our index funds changed investing forever. Now we’re making them even better.
We’re lowering costs for more than 1 million current index fund investors and giving new investors one more reason to choose Vanguard.
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Our new Vanguard Global Credit Bond Fund puts our experts to work for you
We’re introducing a new active bond fund that allows you to take advantage of Vanguard’s extensive global investment management capabilities and expertise.
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Cuepacs donates RM20,000 to Covid-19 fund
KUALA LUMPUR: The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) will donate RM20,000 to the Covid-19 special fund to help ease the burden of those affected and in need of financial assistance.
Its president Adnan Mat also urged civil servants to contribute to the fund through April and May payrolls.
“We recommend a contribution of RM10 for implementers group and RM20 for management and professional groups and above. For top management groups, it is up them,“ he said in a statement today.
Adnan said Cuepacs had sought the permission of Chief Secretary to the Government Datuk Seri Mohd Zuki Ali to implement the proposal in a comprehensive manner involving federal, states, statutory bodies and local authorities personnel.
“The contribution is to help our colleagues who are in the frontline such as doctors, nurses, policemen, soldiers and so on,” he said. — Bernama
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Covid-19: Simpang Renggam cases could be linked to tabligh cluster, says Johor CPO
JOHOR BARU: A sharp increase of Covid-19 positive cases at Kampung Dato’ Ibrahim Majid and Bandar Baharu Dato’ Ibrahim Majid in Simpang Renggam, Kluang, which is now under the Enhanced Movement Control Order (EMCO), is believed to be related to the tabligh gathering at the Sri Petaling Mosque recently.
Johor Police chief Datuk Ayob Khan Mydin Pitchay (pix) said that he did not rule out the possibility that some of the villagers did not isolate themselves (quarantine) after returning from the gathering.
“Some may have attended receptions (kenduri) in their area because they were unaware of the outbreak,“ he told a press conference, in responding to a question on whether the increase in Covid-19 cases was due to the wedding receptions and tahlil organised recently in the area.
There are claims by Kampung Dato’ Ibrahim Majid residents that the outbreak started with a wedding reception and tahlil that was held on March 15.
Meanwhile, Ayob Khan noted that the authorities have set-up roadblocks on the five main roads and 11 ‘rat routes’, which were the entry points of the two areas.
The roadblocks involved 181 officers and personnel of the Royal Malaysian Police (PDRM) and the Malaysian Armed Forces (ATM).
“Before EMCO was implemented, 80 officers and personnel were deployed to the area and the number has increased to 181 today.
Based on police surveillance, residents of both areas are obeying the EMCO restriction.
Yesterday, the government ruled that EMCO is to be implemented in the two areas due to the high number of Covid-19 positive cases.
The EMCO involves 3,570 locals residents, comprising of 650 families. — Bernama
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6-month rental waived for LPJ, PAK tenants: Wee
PUTRAJAYA: Residents of housing projects under the Johor Port Authority (LPJ) and Perbadanan Aset Keretapi (PAK) will enjoy a six-month waiver on rent, beginning next month.
Transport Minister Datuk Seri Dr Wee Ka Siong (pix) said the initiatives of the two bodies would benefit 2,343 tenants.
“A total of 143 tenants of LPJ will benefit from this initiative, involving RM370,425 in rentals, while under PAK, the waiver will involve 2,200 unit of houses that will cost the corporation RM15 million in rentals,” he said in a statement.
Wee said the initiative would help ease the burden of the B40 and M40 families.
He said the initiatives were to complement the people-centric economic stimulus package (PRIHATIN), announced by Prime Minister Tan Sri Muhyiddin Yassin today. — Bernama
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426 fraudulent face mask sale cases reported
KUALA LUMPUR: A total of 426 fraud cases with regard to the sale of face masks have been reported nationwide during the Movement Control Order (MCO) period until yesterday, with losses amounting to RM3 million.
Bukit Aman Commercial Crime Investigation Department deputy director Datuk Saiful Azly Kamaruddin said 30 individuals, including 10 local women, have been arrested on suspicion of being involved in selling fake face masks on social media.
He said all the cases were being investigated under Section 420 of the Penal Code for fraud and police were now tracking the remaining members of the syndicate, adding that of the 30 arrested, 19 have been charged unti yesterday.
He said all the deals were made via WhatsApp and the syndicate would also provide tracking numbers to deceive the buyers, but once payment had been made the suspects would disappear and their social media access blocked.
Saiful Azly said police constantly reminded the public through various social media alerts like on WhatsApp, Facebook Cyber Crime Alert, ‘crawlers’ on major television channels and in cooperation with the Malaysian Communication and Multimedia Commission to raise awareness about the sale of masks.
He also advised the public to refer to the ‘Semakmule’ portal and the online status of sellers via http://biztrust.ssm.com.my before purchasing to avoid being victims of fraud.
He also reminded the public not to allow anyone to access their personal banking facilities and not to be hasty in making purchases.
The public can contact the CCID Infoline at 013-2111222 for more information, he said.
Meanwhile, Saiful Azly said that so far police have not received any report with regard to the fraudulent sale of Personal Protective Equipment (PPE) and recycled masks a viralled on social media. — Bernama
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Patients who recover from Covid-19 can get infected again if guidelines not followed
PUTRAJAYA: Patients who fully recover and from Covid-19 and are discharged from hospitals can be infected by the virus again if they defy advice issued by the Ministry of Health (MOH).
Health director-general Datuk Dr Noor Hisham Abdullah (pix) said although the possibility of them being infected again is very low, they are advised to maintain cleanliness and self-hygiene to prevent getting the virus again.
“There is the possibility of the patients to be re-infected, but before they are discharged from the ward, we advise them to take preventive measures by maintaining their self-hygiene and cleanliness to avoid being infected by the virus again.
“If those who have been discharged do not maintain their cleanliness and do not take precautions, they can be re-infected, but the chances of them to be re-infected is slim,” he told a daily press conference here today.
He advised patients who have recovered from Covid-19 to adopt a healthy lifestyle and to always take precautionary measures as advised by MOH.
So far, he said, there have been no cases of recurrence during the first and second wave of the outbreak in the country.
On the cause of the Covid-19 infection in Kampung Datuk Ibrahim Majid and Bandar Baru Datuk Ibrahim Majid in Simpang Renggam, Kluang, Johor, he said the matter was being investigated.
“From preliminary investigation, we have found that there may be four clusters associated with the tabligh congregation.
“There are four index cases who attended the tabligh assembly at the Sri Petaling Mosque. Perhaps, they returned to the village to attend weddings and also joined mosque congregation for prayers that the virus spread to villagers in the area,“ he said.
On the latest number of tabligh participants who were screened, he said MoH screened 13,762 individuals with a total of 12,317 samples taken.
Of the total samples screened, 1,137 were positive, 6,623 negative and 4,557 still pending, he added. — Bernama
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