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Question: My gross salary in November 2012 was RM 4,000. The employer deducts my deduction for a private retirement scheme of RM 450 per month and the employer's contribution is RM 760. What is the amount I am entitled to claim?
Private Retirement Scheme
Answer: You are entitled to a claim of RM 450 x 2 months = RM 900 only for the Year of Assessment 2012. Beginning with the Year of Assessment 2013, the amount of contribution per year is RM 5400 (RM 450 x12 months) but claims are limited to RM 3000 only. The amount contributed by the employer is not taken into account in determining the amount of the relief.