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All calculations in this programme are based on the following assumption:
- Employer and employee each contribute 5% of employee's income;
- Amount of mandatory contributions are subject to the minimum and maximum levels of income which are $5,000 and $20,000 per month;
- Voluntary contribution is not included;
- 13th month pay, bonus or other allowances are not included;
- The effects of salary increase and inflation are ignored; and
- Fees and charges have not been deducted
| Note: |
The above calculator is based on certain assumptions including hypothetical data input by the user. It does not take into account individual needs or circumstances. The results generated by the Calculator are for reference only and are not intended as a substitute for professional investment advice. The MPFA shall not be liable for any errors or omissions in or any reliance placed upon the results |
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