Page 126 - Official Year Book 2020
P. 126
2 FFICIAL YEAR BOOK 2020 RM1.5 billion allocation to implement ▶ Option 1 – A moratorium on
the Jaringan PRIHATIN Programme monthly instalments for
▶ Alleviate the financial burden 3 months, or
of the B40 group in accessing ▶ Option 2 – Reduction in monthly
internet services repayment by 50% for 6 months
▶ During the first quarter of
2021, approximately 8 million ▶ Borrowers from the M40
individuals will receive group only need to make a self-
RM180 each in the form of declaration of the reduction in
telecommunication credit income to secure the repayment
▶ Can be used for internet assistance. This facility will
subscription or defray part of commence in December 2020
the cost to buy new mobile
phones The minimum employee EPF
▶ Telecommunication companies contribution rate is reduced to
will provide benefits valued at 9% from 11% beginning January
RM1.5 billion in the form free 2021 for a period of 12 months
data ▶ Increase take-home pay
Measure 2: Alleviating the Rakyat’s ▶ Benefit EPF contributors with
Cost of Living
an initiative value of up to RM9.3
Income tax rate reduction billion
▶ Reduced by 1 percentage point
EPF savings withdrawal from
for resident individuals for the Account 1 on a targeted basis of
chargeable income band of RM500 a month with a total of up to
RM50,001 to RM70,000 which RM6,000 for 12 months
benefits 1.4 million taxpayers ▶ Assist members who have lost
Enhance the Targeted Loan
Repayment Assistance (TRA) to their jobs and is expected to
borrowers in the B40 category lighten the financial burden of
who are recipients of BSH and approximately 600 thousand
future recipients of BPR and to affected contributors
micro enterprises with approved ▶ Can apply beginning January
loans of up to RM150 thousand, 2021
with the following options:
Application for EPF Account
1 withdrawal through the i-Sinar
programme is expanded to all
members whose income has
been severely affected
▶ Regardless of members who
actively contribute or otherwise;
or members who are in formal
sectors or self employed
▶ Benefits more than 8 million
members compared to 2
million members previously,
and a withdrawal of up to RM10
thousand
the Jaringan PRIHATIN Programme monthly instalments for
▶ Alleviate the financial burden 3 months, or
of the B40 group in accessing ▶ Option 2 – Reduction in monthly
internet services repayment by 50% for 6 months
▶ During the first quarter of
2021, approximately 8 million ▶ Borrowers from the M40
individuals will receive group only need to make a self-
RM180 each in the form of declaration of the reduction in
telecommunication credit income to secure the repayment
▶ Can be used for internet assistance. This facility will
subscription or defray part of commence in December 2020
the cost to buy new mobile
phones The minimum employee EPF
▶ Telecommunication companies contribution rate is reduced to
will provide benefits valued at 9% from 11% beginning January
RM1.5 billion in the form free 2021 for a period of 12 months
data ▶ Increase take-home pay
Measure 2: Alleviating the Rakyat’s ▶ Benefit EPF contributors with
Cost of Living
an initiative value of up to RM9.3
Income tax rate reduction billion
▶ Reduced by 1 percentage point
EPF savings withdrawal from
for resident individuals for the Account 1 on a targeted basis of
chargeable income band of RM500 a month with a total of up to
RM50,001 to RM70,000 which RM6,000 for 12 months
benefits 1.4 million taxpayers ▶ Assist members who have lost
Enhance the Targeted Loan
Repayment Assistance (TRA) to their jobs and is expected to
borrowers in the B40 category lighten the financial burden of
who are recipients of BSH and approximately 600 thousand
future recipients of BPR and to affected contributors
micro enterprises with approved ▶ Can apply beginning January
loans of up to RM150 thousand, 2021
with the following options:
Application for EPF Account
1 withdrawal through the i-Sinar
programme is expanded to all
members whose income has
been severely affected
▶ Regardless of members who
actively contribute or otherwise;
or members who are in formal
sectors or self employed
▶ Benefits more than 8 million
members compared to 2
million members previously,
and a withdrawal of up to RM10
thousand
