I THINK that a large proportion of the private sector employees would not want their EPF contribution to be reduced by three per cent, as eventually their savings will be reduced.

A person earning RM10,000 per month will be saving RM300 less, and for that year, RM3,600 is wasted in unnecessary spending. The filling of forms for employees to maintain their current deduction only creates unnecessary work for the human resource department.

The government should, instead, reduce the income tax by three per cent for each bracket of income, rather than creating hardship for employees during their golden years.

NG CHONG PHEE, Chemor

Source: NST – November 11, 2008