Tax questions? You ask lah! #246

Published: Wed, 02/04/26

Updated: Mon, 02/09/26

Tax questions? You ask lah!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

If I contribute RM3,000 to PRS and withdraw RM10,000 for personal use in the same year, can I still claim the RM3,000 tax relief for that year?

Yes. You may still claim the RM3,000 tax relief based on the amount contributed. However, if the withdrawal is made before reaching the age of 55 and are not for specific exempted reasons, withholding tax (final tax) at a rate of 8% will be imposed on the amount withdrawn.

I am not married but have a 17-year-old child. Can I claim child relief?

Yes. Even though you are unmarried, you may claim a child relief of RM2,000 provided that the child is your legal child, unmarried, and you pay wholly or in part for the maintenance of the child during the basis year.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

P.S. I've received a lot of tax questions, so now I am answering the frequently asked questions and sharing them with you weekly!

P.P.S. Do you want more tax saving tips? Because this is just the tip of the iceberg. https://bit.ly/stampduty-webinar-en

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