During the presentation of the Belanjawan 2023 initiative, Prime Minister and Finance Minister Dato’ Seri Anwar Ibrahim announced savings contributions of RM1 billion that will benefit 2 million Malaysians.
Those eligible must be aged 40 to 54-years-old, with a savings of less than RM10,000 in their KWSP account 1.
Each individual is believed to receive RM500.
Do stay tuned for more updates.
Also read: Budget 2023: M40 Individual Income Tax Rate Has Been Reduced By 2%!
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