fbpx
Connect with us

News

MTUC: PTPTN Cannot Deduct Your Salary Before Getting Borrower’s Permission

Published

Mtuc: Borrowers Have To Give Permission Before Ptptn Can Deduct Their Salary - World Of Buzz 2
Source: Berita Harian & NST

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just yesterday (5th December), it was announced by the chairman of the National Higher Education Fund Corporation (PTPTN), Wan Saiful Wan Jan, that borrowers earning RM2,000 and above will no longer need to manually repay their debts as the amount will be automatically deducted from their salaries.

Now, in light of this announcement, Malaysian Trades Union Congress (MTUC) president Abdul Halim Mansor told the Malay Mail that PTPTN would need the consent of borrowers and their employers before deducting their salaries. He added that there should be a black-and-white agreement that borrowers must sign to authorise PTPTN or a bank to deduct their salaries.

Mtuc: Borrowers Have To Give Permission Before Ptptn Can Deduct Their Salary - World Of Buzz

Source: fmt

This is stipulated in the Employment Act 1955, and according to Abdul Halim, this act also ensures deductions made for any reason cannot exceed more than 50 per cent of an employee’s basic salary.

However, the MTUC president dismissed any attempts to emulate LHDN’s tax deduction system as they have their own legislation which enables them to deduct more from workers’ salaries. He was quoted by the daily as saying,

“In their case, it is a necessity since citizens have to pay income tax. But for PTPTN, it has no analogous legislation, and therefore must respect the Act in this instance.”

“Assuming PTPTN goes ahead with this, I can foresee several issues cropping up, such as the employers facing problems when making the deductions since salary payments are computerised nowadays.”

Abdul Halim also called the announcement of this new system premature, adding that PTPTN should provide a deduction schedule to employers that states when an employee’s deduction starts and ends.

“For them to announce it now before any agreement has been made between all the parties involved is rather premature. I am unsure what PTPTN would be able to do if it comes across any worker or employer who simply disagrees to the deductions.”

Want to know more about how this new loan repayment system will work and how much will be deducted depending on borrowers’ salaries? Check out the article below!

 

Also read: Money Will Now Be Directly Deducted From PTPTN Borrowers’ Salary to Repay Loan, Here’s How

Ptptn Borrowers No Longer Need To Repay Loans As Money Will Now Be Directly Deducted From Salary - World Of Buzz 4

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 89 Collage 89
News14 hours ago

Johor Government May Implement a 4.5-Day Workweek in the Near Future

A 4-day workweek sounds ideal, but a 4-and-a-half day workweek doesn’t sound bad either. Johoreans may be in luck next...

My Post 1 2024 11 21T160023.537 My Post 1 2024 11 21T160023.537
News15 hours ago

“UPSR get D, SPM can get A” – PMX Responds to BERSIH Giving Him a Grade D in ‘Report Card’

Prime Minister Datuk Seri Anwar Ibrahim has opened up about BERSIH’s ‘report card‘ on his administration’s performance in conjunction with...

My Post 1 2024 11 21T114442.032 1 My Post 1 2024 11 21T114442.032 1
News20 hours ago

PDRM is Offering 60% Off Selected Traffic Summons at Govt’s 2nd Anniversary Event This Weekend!

In conjunction with the MADANI government’s 2nd anniversary on 24 November (Sunday), the Ministry of Home Affairs of Malaysia (KDN)...

Collage 17 1 Collage 17 1
News2 days ago

MCPF Calls for Vape Ban, Warns Addiction to Substances Can Lead to Unhealthy Behaviours Like Theft

The Malaysian Crime Prevention Foundation (MCPF) is urging for the sale of e-cigarettes or vape devices to be banned or...

Feat Image Lesen Feat Image Lesen
News2 days ago

Anthony Loke: Road Users in M’sia May Have to Pay for Physical Driving License Cards Starting Next Year

Transport Minister Anthony Loke Siew Fook today iterated that the Government will continue with the implementation of digital driving licenses...

Collage 15 2 Collage 15 2
News2 days ago

Filipino Couple Caught Living & Working Illegally in Malaysia Using Fake MyKads That Cost RM250 Each

A Filipino husband and wife were arrested during a raid on November 19 at a house in Pandan Indah yesterday...

Feat Image Apple Ind Feat Image Apple Ind
News2 days ago

Apple Offers to Increase Investment in Indonesia Tenfold to RM446 Million to Lift Country’s iPhone 16 Series Ban

Previously, we shared how the Apple iPhone 16 Series is banned from being sold in Indonesia until the tech giant...

My Post 1 2024 11 20T144359.263 My Post 1 2024 11 20T144359.263
News2 days ago

BERSIH Names Ismail Sabri the Best PM Since 2009, Calls Out PMX for Lack of Urgency with Reforms

In conjunction with the upcoming 2nd anniversary (24 November) of Anwar Ibrahim’s administration, The Coalition for Clean and Fair Elections,...

Announcement

Latest Videos



TRENDING TODAY