• Home
  • About Us
  • Guides

    Savings Calculator to calculate savings goals and basic savings projections

    Planning & Budgeting

    Investment Returns Calculator to calculate investment returns, investment comparisons and investment portfolio simulator

    Saving & Investing

    Guides to tackle financial debts in Malaysia for Free

    Tackling Debt

    Free Guides on Choosing and purchasing a vehicle in Malaysia

    Buying a Vehicle

    Free Guides on Purchasing a Home in Malaysia and avoiding crippling debt

    Buying a Home

    Free Guides On purchasing insurance in Malaysia safely

    Insurance

    Free guides to ensure a comfortable Retirement by planning your retirement

    Retirement

    All Guides Icon

    All Guides

  • Guides
    • Planning & Budgeting
    • Saving & Investing
    • Buying a Home
    • Buying a Vehicle
    • Tackling Debt
    • Insurance
    • Retirement
  • Calculators
  • Blog
  • Take Quiz
    • English
    • Bahasa Malaysia
    Have any questions?
    hello@multiply.org.my
    RegisterLogin
    MultiplyMultiply
    • Home
    • About Us
    • Guides

      Savings Calculator to calculate savings goals and basic savings projections

      Planning & Budgeting

      Investment Returns Calculator to calculate investment returns, investment comparisons and investment portfolio simulator

      Saving & Investing

      Guides to tackle financial debts in Malaysia for Free

      Tackling Debt

      Free Guides on Choosing and purchasing a vehicle in Malaysia

      Buying a Vehicle

      Free Guides on Purchasing a Home in Malaysia and avoiding crippling debt

      Buying a Home

      Free Guides On purchasing insurance in Malaysia safely

      Insurance

      Free guides to ensure a comfortable Retirement by planning your retirement

      Retirement

      All Guides Icon

      All Guides

    • Guides
      • Planning & Budgeting
      • Saving & Investing
      • Buying a Home
      • Buying a Vehicle
      • Tackling Debt
      • Insurance
      • Retirement
    • Calculators
    • Blog
    • Take Quiz

      Planning & Budgeting

      Can you get aid to help you through Covid-19?

      • Posted by Multiply
      • Categories Planning & Budgeting
      • Date April 24, 2020
      Can you get aid to help you through Covid-19? 1 - Multiply - Planning & Budgeting

      With the Covid-19 outbreak turning the world upside down, are you one of the many Malaysians worried not just about your health, but also about how you’re going to get the next meal on the table?

      To help you, the Malaysian government has introduced relief measures including assistance that puts cash directly into your hands under Bantuan Prihatin Nasional (BPN), relief for bill and loan repayments, as well as allowing withdrawals from your retirement funds.

      You can check your eligibility for BPN with the Inland Revenue Board (Lembaga Hasil Dalam Negara – LHDN). If you are eligible, you must register with LHDN, while those registered for Bantuan Sara Hidup, the financial aid programme for the B40 group, will automatically receive BPN.

      Below are some of the key assistance available:

      Cash Aid
      Families One-off payments of between RM1,000 and RM1,600 per household for the B40 and M40 groups, including private sector workers, FELDA settlers, farmers, fishermen and small business owners.
      Singles Single individuals earning RM2,000 and below can get RM800 while those earning between RM2,000 and RM4,000 can get RM500.
      Students RM200 one-off aid for students in public and private institutes of higher learning, to be distributed in May 2020.

      Details on how this money will be given out have not been released, so students should check with their respective institutions.

      Civil servants and pensioners RM500 one-off cash payment to civil servants Grade 56 and below and government pensioners in April 2020.
      E-hailing drivers E-hailing drivers can receive RM500 one-off aid, although details of how to access the cash payment have not be released.
      Taxi drivers, tour guides, tour bus drivers and trishaw operators RM600 one-off aid will be deposited into registered accounts of the affected groups. Those who are registered can check and update their accounts at the Ministry of Finance’s website, www.treasury.gov.my.
      Relief for Payments
      Projek Perumahan Rakyat (PPR – People’s Housing Project) and Public Housing tenants Rent-free from April 2020 to September 2020.
      PPR rent-to-own tenants Delay for monthly payments from April 2020 to September 2020. Tenants will have to repay the delayed payments later, with the tenants’ original repayment period to be extended.
      PTPN repayments Extension of repayments until 30 September 2020. Repayment period will be extended.
      Electricity 2%-50% discount on TNB bills for households:

      ●        2% discount for electricity use of 601kWh and above

      ●        15% discount for electricity use between 301-600kWh

      ●        25% discount for electricity use between 201-300kWh

      ●        50% discount for electricity use up to 200kWh

      Internet Free internet for all customers.
      Bank loans Moratorium on all loans from April 2020 to September 2020.
      Individual income tax RM1,000 tax relief on spending related to domestic tourism.
      Insurance premiums Suspension of premium payments for life insurance and family takaful for three months.
      Withdrawal of Retirement Savings
      EPF Withdrawal of up to RM500 per month from Account 2 for up to 12 months until March 2021. The period of withdrawals will depend on the month EPF members submit their applications, beginning April 2020.

      You can refer to the EPF’s FAQs on withdrawals here.

      Private Retirement Schemes (PRS) Withdrawal from Account B of up to RM1,500 for each member without tax penalty.

      Further details on BPN are also available here  and information on the government’s full Covid-19 assistance programme is available here, so if you or your business are feeling the pinch, do find out if you can get help. Do note that you may also be eligible for more than one type of aid.

      Further enquiries can also be directed to:

      Contact Operation hours
      Ministry of Finance 03-8882 9089/9087/9191/4565/4566

      bsh@treasury.gov.my

      pre2020@treasury.gov.my

      Telegram: PRE PRIHATIN

      Facebook: Kementerian Kewangan Malaysia

      Sun-Fri, 9am – 5pm

      24 hours

      LHDN 1 800 882 747

      03-8911 1000

      Sun-Fri, 9am – 5pm

       

      Tag:Planning & Budgeting

      Share with:


      Admin bar avatar
      Multiply
      The Multiply Admin

      Previous post

      Medical Insurance? But my employer covers that!
      April 24, 2020

      Next post

      Should You Take the 6-Month Loan Moratorium?
      April 30, 2020

      You May like

      ENG Budget Visuals 1
      Ready for Malaysia’s Budget 2023?
      22 February, 2023
      where-can-i-get-help-if-i-am-struggling-financially
      Where can I get help if I’m struggling financially?
      13 February, 2023
      Carousel – Budgeting 1-01
      Want to grow your savings?
      1 December, 2022

      Search

      Latest Posts

      Ready for Malaysia's Budget 2023? 3 - Multiply - Planning & Budgeting
      Ready for Malaysia’s Budget 2023?
      22Feb2023
      Where can I get help if I'm struggling financially? 5 - Multiply - Blog, Planning & Budgeting, Saving & Investing
      Where can I get help if I’m struggling financially?
      13Feb2023
      Want to grow your savings? 7 - Multiply - Planning & Budgeting
      Want to grow your savings?
      01Dec2022

      GUIDE CATEGORIES

      • Planning & Budgeting
      • Saving & Investing
        • ETFs
        • Unit Trust
        • Stocks
        • Investing Basics
        • Fixed Deposits
        • Savings
      • Tackling Debt
      • Buying a Vehicle
      • Buying a Home
      • Insurance
      • Retirement

      STAGE OF LIFE

      • Student
      • Families
      • Working Adults
      • Retirees

      Latest Guides

      5 Things To Check Before Investing in A Company’s Shares

      5 Things To Check Before Investing in A Company’s Shares

      Free
      What you need to know about ‘Buy Now, Pay Later’ plans

      What you need to know about ‘Buy Now, Pay Later’ plans

      Free
      What Do You Need to Know About E-Wallets?

      What Do You Need to Know About E-Wallets?

      Free

      Don't miss out, join our mailing list

      newsletter-subscribe-multiply

      logo-multiply-learn-investing-for-free

      hello@multiply.org.my

      Information

      • Home
      • Blog
      • About
      • Contact

      Categories

      • Planning & Budgeting
      • Saving & Investing
      • Tackling Debt
      • Buying a Vehicle

      Categories

      • Buying a Home
      • Insurance
      • Retirement
      • All Guides

      Instagram Feed

      Ready to simplify your finances and achieve financ Ready to simplify your finances and achieve financial independence? 🔥💰 Swipe to learn more about the FIRE concept as part of our Multiply Simplifies series. Discover how you can retire early and live the life you want by following these simple steps.#FIRE #retirement #multiplysimplifies #financialfreedom #financialindependence #financemadesimple #financialliteracy #financialeducation #multiplymalaysia #malaysia
      EPF savings will always be enough for my retiremen EPF savings will always be enough for my retirement - do you think this is a fact or a myth? 🤔Check out our reel to find out the answer, and the recommended retirement savings amount you should have! 🏦#mythbusters #mythbusting #mythbustingmonday #retirement #retirementplanning #retirementsavings #retire #epf #kwsp #personalfinance #malaysia #financialliteracy
      Money talk made simple! 🤑 Introducing Multiply Money talk made simple! 🤑 Introducing Multiply Simplifies - your one-stop destination for all things finance! 💰💸 From budgeting to savings, we've got you covered. Today its about EPF, also known as KWSP (Kumpulan Wang Simpanan Pekerja).Follow us for weekly bite-sized explanations that make financial concepts & elements easy to understand. #multiplysimplifies #financemadesimple #moneytalk #financialliteracy #financialeducation #kewangan #financemalaysia #epf #kwsp #personalfinance #multiplymalaysia #malaysia
      Anda rasa simpanan persaraan penting atau tak untu Anda rasa simpanan persaraan penting atau tak untuk suri rumah? 🤔 Tonton reel ini, biar kami jelaskan, dan beritahu pendapat anda di ruangan komen di bawah!👇#mythbustingmonday #multiplymalaysia #celikkewangan #pendidikankewangan #surirumah #wanitaperlutahu #duit #kewangan #wanita #isayang #kwsp

      Multiply by Creador Foundation.

      • Privacy
      • Terms
      • Sitemap

      Facebook Google

      Login with your site account

      thirteen − 13 =

      Lost your password?

      Not a member yet? Register now

      Register a new account

      four − two =

      Are you a member? Login now

      Language :

      • English
      • Bahasa Malaysia

      What's your spending style?

      Managing our spending can be tricky business. So tell us how you spend your money and we'll help you figure out how to make the most of it!

      1. How do you earn money?
      2. How were you managing your finances before COVID-19 hit?
      3. How has COVID-19 affected your spending overall?
      4. How did the movement controls (MCO/CMCO) affect your credit card spending?
      5. If you received Bantuan Prihatin Nasional (BPN) assistance, how did you use it?
      6. If you're taking money from your EPF account during the MCO/CMCO (under i-Lestari), how are you using it?
      7. The loan moratorium was helpful for me because:
      8. The holiday season is just around the corner. What do you have planned for year-end shopping?
      9. Have you planned your budget for 2021?
      10. How are you preparing financially for 2021?
      11. How do you think you'll manage your money in 2021?
      12. What do you think you need most to improve your finances in 2021?
      13. In 2021, my top financial goal is to:
      14. In 2021, my biggest financial worry is:
      15. In 2021, which areas of personal finance would you like to learn more about?
      clock.png

      Time is Up!

      Language :

      • English
      • Bahasa Malaysia

      Take our quizzes!



      What’s your finance personality?

      Latest


      What’s your spending style?

      Language :

      • English
      • Bahasa Malaysia

      Whats Your Finance Personality?

      Find out if you’re a Money Boss, Finance Cadet or a Finance Newbie by taking this quiz!

      1. It's the end of the month, you are thinking...
      2. Say you want to go shopping for fun, do you...
      3. So you crashed your car and it's going to cost RM1,000 to fix, you
      4. Your credit card statement is in and your reaction is
      5. After months of saving (see "sikit -sikit, lama-lama jadi bukit" really is true), you've got cash sitting in the bank. You then
      6. You're buying a new car (yes, imagine away - Toyota, Proton, or BMW). You take
      7. You are thinking of investing. What do you do...
      clock.png

      Time is Up!