Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [malaysia]

Questions specifically relating to Malaysia or citizens and residents of Malaysia.

14 questions
24
votes
5 answers

Getting paid to like Instagram's posts? Scam?

My dad just told me that he had accepted a passive income job offer on WhatsApp where the task is to like the linked Instagram post every 20 minutes to earn money. The amount is too good for such job and my dad had really received the money and…
Ugly Duck
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8
votes
2 answers

Buy US ETF as foreigner -- a bad idea?

I'm considering to buy index ETFs from US through TD Ameritrade, but as a non-resident alien (foreigner), my main concern is the 30% withholding tax on: all dividend (especially the bond ETFs) capital gains redistribution Q1: Do I miss out…
ASF
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5
votes
3 answers

How should I split my salary between bank accounts when working abroad?

I am living in Canada and have accepted a temporary position in Kuala Lumpur for a year or two. The company has asked how much of my salary should be deposited in my Canadian account and how much in the Malaysian account. How do I calculate this? …
Kim
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5
votes
5 answers

Malaysian real estate: How to know if the market is overheated or in a bubble?

I'm living in Malaysia, around Klang Valley. One thing I notice is that the housing price keeps on increasing and increasing and increasing ( just my perception, no data to backup my point), with no sign of abating even during the tumultuous years…
Graviton
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4
votes
5 answers

Is the no surcharge rule universal with regard to credit card purchases?

I am referring to this question. My situation is similar, except that I am in Malaysia rather than US. In US it is understood that it's part of their merchant agreement that they can not charge a fee for a customer paying with credit…
Graviton
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3
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2 answers

L1 Visa Tax for working more than 183 days in US

I am an engineer from Malaysia and I will be working in the US starting 1st of March 2018. I know that I need to pay tax for my March income but do I need to pay to IRS for my previous months income (January and February)? These income are taxable…
Kai Sek
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3
votes
1 answer

Personal health insurance vs. Employees group insurance

I am having a dilemma on what action I should take with regards to my insurance plans. I am working for a company which provides employee group insurance (group plan) as my employee's benefit. However, before I join the company, I already have my…
Rosetta
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2
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0 answers

If I work as a freelancer, do I need a company to invoice my customer?

I am from Malaysia. Recently, I found a company in Singapore that wants to hire me as a freelancer. How should we do the payments? I have a bank account in Singapore and I am wondering if there will be any problem if they send the monthly payment…
David
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2
votes
2 answers

How do I bring money overseas?

I am Australian and am going to Malaysia in a few weeks. Now obviously I would like to bring some money with me so I can buy things like food and the such. What would be the best way to go about doing this? Are those kiosk things that exchange…
Aequitas
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2
votes
1 answer

Dividends paid on stocks bought on Bursa Malaysia

Are dividends paid on stocks bought on Bursa, Malaysia taxable?
teresa
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1
vote
2 answers

Withdrawal of MPF after 60-years old

I am a Malaysian, I worked in Hong Kong Interbank Clearing Ltd (HKICL) from Nov 2001 till Dec 2004. I resigned from HKICL and left Hong Kong in Dec 2004. My question: I am 60 year old now (my birth date: 1 June 1954), am i entitled to claim any…
Yim Siew Yean
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1
vote
0 answers

How are remisiers in Malaysia and Singapore different from stock brokers in other countries?

In Singapore and Malaysia, some (most?) investors buy stocks through a "remisier". Remisiers are apparently special enough to get their own Wikipedia page: A remisier (also known as a Commissioned Dealer's Representative) is an agent of a…
Flux
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1
vote
1 answer

Saving question - I do not know where to start

I just finished my degree and I have been working in Malaysia for 3 months. Let's say that every month I have a salary of $2,550 and my expenses are: $300 taxes $500 to parent $300 toward utilities $400 for food and fuel There is around…
incognitorecon
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0
votes
0 answers

For what reasons a bank deny basic saving account

I applied to open a basic saving account with Citibank few days back in Malaysia (I'm not a Malaysian citizen, nor I am an American). I work in Malaysia, and one of the strict conditions of the bank to open account, is to have a work permit valid…
Hawk
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