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@angel6791 The 2 portions are Mandatory contributions to approved schemes or voluntary contributions to EPF (excluding private retirement schemes) or contributions under any written law (Restricted to RM4,000) Life insurance premium payments or family takaful contributions or additional...

@honeymoon Yes but not by much if you immediately put it back since it's based on daily balance. Assuming you make 100k annually and this puts you in the 70k - 100k tax bracket. The 30k is taxed at 19% so it's basically a 19% capital gain or 4000 * 19% = RM760

@amrie No I mean like actually using it for PRS if you have a PRS account.

@amrie I feel like it's quite hard to max out life insurance tax relief though, since most of the premium is allocated to medical. If your life insurance tax relief is maxed out, you can use it for PRS (3k until 2025?)

@eeevie I'm gonna take some out then put it back to EPF for voluntary contribution. 🗿