Good news for BR1M 3.0 announced in bajet 2014 Malaysia.
Bantuan Rakyat 1Malaysia BR1M 2014 increased from RM500 to RM650. Applicants must have household income of less than RM4,000 to be eligible for cash aid. BR1M bujang raised from RM250 to RM300.
Besides that, RM100 school aid to primary and secondary school students, and the RM250 1Malaysia Book Voucher (BB1M) to university students continued.
More highlights :
- No income tax for Households with income of RM4,000 per month and below.
- double contribution to 1Malaysia Retirement Savings Scheme from RM60 to RM120, per person, a year.
BR1M 3.0 for those earning below 3,000 a month is RM650.
BR1M 3.0 for those earning between 3,000 to 4,000 a month is RM450.
BR1M 3.0 Single who earn less than RM2000 is RM300