Set aside 30% of income for rainy days, retirement | The Malaysian Insight

It is estimated that it costs RM1,550 to feed a couple and two children and just RM550 to feed a single person living in the Klang Valley. – The Malaysian Insight file pic, August 15, 2019.

MALAYSIANS, especially those in the low-income bracket, should set aside at least 30% of their income for rainy days and retirement, said the expert who formulated the Employees Provident Fund spending guide. EPF contributions count as part of the recommended 30% savings, said Universiti Malaya Social Wellbeing Research Centre director Emeritus Prof Dr Norma Mansor

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