Want to get more tax saving? Please read on…
My premium is Rm2,400 . Why the statement only shows Rm1,800?This may due to administration fees, or certain riders which does not qualify for any 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.
Since the above criteria may change from time to time by government, please seek advice from your own tax consultant if needed. Thanks.