ETP - Private Pensions

ETP proposes to develop Private Pension Funds (PPFs) through: 

1. Employers' contributions exceeding 12% to channel to PPFs 
2. Allow EPF members to move part of savings to PPFs 
3. EPF members with >RM 1 mil in EPF will enjoy a lower return 
4. PPFs allowed to manage EPF fund 
5. Self-employed enjoys same tax relief if contribute to PPFs 
6. Pension income from PPF is tax exempt 
7. Additional RM6000 tax relief for PPF contributions.