Working or retired? Here is what Budget 2027 offers Malaysians over 60

Budget 2027 increases income tax relief and reduces tax rates for Malaysians aged 60 and above, alongside expanded tax relief for elderly care services.

A wide range of financial assistance measures are proposed, including a minimum pension increase, special assistance for retirees, and RM1.3 billion allocated for support programs.

Future legislation aims to strengthen protection and care for Malaysians aged 60 and above, complementing existing and upcoming financial initiatives.

KUALA LUMPUR, Nov 4 — Reaching 60 does not automatically mean clocking out for good, drawing a pension, or qualifying for welfare. Depending on your circumstances, Budget 2027 packs a variety of measures that impact older Malaysians differently.

Whether you are still in the workforce, managing your retirement, or navigating the rising costs of elder care, the latest federal Budget has something for you.

Here is a breakdown of what Malaysians aged 60 and above stand to gain.

Cash aid through STR and SARA

Budget 2027 increases the combined allocation for Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) to a massive RM16 billion.

SARA assistance of up to RM150 a month, or RM1,800 a year, will now reach all eligible STR recipients, benefiting up to nine million Malaysians.

Separately, the government will extend a special SARA Madani assistance of RM100, paid twice a year, to eligible adults who do not qualify for STR. Expect these payouts just before Hari Raya Aidilfitri and the 70th Merdeka celebrations, giving recipients a handy RM200 boost.

Higher individual income tax relief and lower rates

For older Malaysians still earning an income, the government plans to increase individual income tax relief from RM9,000 to RM12,000 starting from Year of Assessment 2027. Naturally, this only benefits those with taxable income.

The Budget also cuts one percentage point off individual income tax rates for specific brackets. Chargeable income between RM70,001 and RM100,000 drops from 19 per cent to 18 per cent. Meanwhile, the RM100,001 to RM150,000 tier falls from 25 per cent to 24 per cent.

Put together, these tweaks will leave up to RM1,600 in extra disposable income for roughly five million taxpayers.

Flexible EPF withdrawals under i-Emas

Retirees looking to stretch their savings can tap into the Employees Provident Fund (EPF) i-Emas scheme.

This facility allows members reaching 55 and 60 to opt for monthly withdrawals, letting their remaining balance continue compounding with annual dividends.

Through the scheme, you can schedule monthly payouts of at least RM100 for a minimum of 12 months.

Alternatively, members can mix monthly payments with partial withdrawals instead of cashing out their entire eligible savings in one go.

Expanded tax relief for aged care expenses

Caring for ageing parents and grandparents will get slightly easier on the wallet. From Year of Assessment 2027, tax relief for their care will expand beyond strict healthcare costs to cover all types of care expenses, including home care, day-care, and residential centres.

The existing RM8,000 claim limit remains intact. Crucially, however, you no longer need a registered medical practitioner to verify these claims.

Taxpayers simply need to provide receipts alongside a written declaration from the carer or a copy of the carer's work permit.

Lower service tax for care centres

Starting Jan 1, 2027, the service tax rate on elderly care services drops from 8 per cent to 6 per cent.

Taking it a step further, the government will completely exempt qualifying elderly care centres from service tax if their annual fees fall below RM96,000 per person.

These centres must be registered under the Care Centres Act 1993 or the Private Aged Healthcare Facilities and Services Act 2018. Any fees exceeding the RM96,000 threshold will attract the reduced 6 per cent rate.

RM1.3 billion for older Malaysians’ welfare

The government is setting aside RM1.3 billion in 2027 to assist nearly 200,000 older Malaysians. Currently, the Social Welfare Department runs the Bantuan Warga Emas (BWE) programme, which provides eligible older Malaysians with RM600 a month.

While the Budget does not explicitly raise this individual monthly payout, the massive RM1.3 billion allocation ensures the continuation of this vital safety net for those meeting the strict citizenship, residency, and financial criteria.

Pension bumps and bonuses for government retirees

Civil service veterans will have plenty to smile about. The minimum monthly pension will jump from RM1,000 to RM1,350, directly benefiting nearly 59,000 pensioners, Armed Forces veterans, and derivative pension recipients.

On top of that, over one million government retirees will receive a special financial assistance payout of RM750.

The government will split this bonus into two instalments, paying out just before Hari Raya Aidilfitri and the 70th Merdeka anniversary.

Faster bankruptcy relief for caregivers

Financial distress can hit families hard, especially those managing heavy caregiving duties. Starting in 2027, the Second Chance Fast Track Policy will expand to include primary caregivers of family members who are aged 60 and above, disabled, or chronically ill.

While not a direct cash handout, this policy expedites bankruptcy relief, offering a critical lifeline to caregivers drowning in debt.

New laws to protect older Malaysians

Looking at the bigger picture of Malaysia's ageing population, the government plans to draft a new bill to address elderly abandonment and fortify the national care system.

This is a pre-emptive legislative move rather than an immediate financial benefit, signalling a stronger legal framework to protect the welfare of older Malaysians in the years to come.

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2027 年财政预算案提高了 60 岁及以上马来西亚人的所得税减免额度，降低了税率，同时扩大了老年护理服务的税收减免。

政府提出了一系列财政援助措施，包括提高最低养老金、为退休人员提供特别援助，以及拨款 13 亿令吉用于支持计划。

未来的立法旨在加强对 60 岁及以上马来西亚人的保护和照顾，以补充现有和即将推出的金融举措。

吉隆坡，11月4日讯——年满60岁并不意味着就此退休、领取养老金或获得福利。根据个人情况，2027年财政预算案包含一系列措施，对马来西亚老年人的影响各不相同。

无论您是仍在职场打拼、正在规划退休生活，还是正在应对不断上涨的老年护理费用，最新的联邦预算都能为您带来一些好处。

以下是60岁及以上马来西亚人将获得的收益明细。

通过STR和SARA提供现金援助

2027 年预算案将 Sumbangan Tunai Rahmah (STR) 和 Sumbangan Asas Rahmah (SARA) 的联合拨款增加至 160 亿令吉。

SARA 援助金最高可达每月 150 令吉，或每年 1800 令吉，现在将惠及所有符合条件的 STR 受益人，最多可达 900 万马来西亚人。

此外，政府还将向不符合STR资格的成年人发放特别的SARA Madani援助金，每年两次，每次100令吉。预计这些款项将在开斋节和马来西亚独立70周年庆典前发放，届时受助者将获得一笔可观的200令吉补助。

更高的个人所得税减免和更低的税率

对于仍有收入的马来西亚老年人，政府计划从2027课税年度起，将个人所得税减免额从9000令吉提高到12000令吉。当然，这只惠及那些有应税收入的人。

该预算案还将特定收入档次的个人所得税税率下调了一个百分点。应税收入在70,001令吉至100,000令吉之间的税率从19%降至18%。同时，收入在100,001令吉至150,000令吉之间的税率从25%降至24%。

综合来看，这些调整将为大约五百万纳税人增加高达 1600 令吉的可支配收入。

i-Emas 下的灵活 EPF 提取

退休人士如果想延长储蓄期限，可以利用雇员公积金 (EPF) i-Emas 计划。

这项服务允许达到 55 岁和 60 岁的会员选择按月提款，让他们的剩余余额继续通过年度股息进行复利增长。

通过该计划，您可以安排每月至少领取 100 令吉，至少领取 12 个月。

或者，会员可以选择每月分期付款，而不是一次性提取全部符合条件的储蓄。

扩大老年护理费用的税收减免

照顾年迈的父母和祖父母将减轻一些经济负担。从2027课税年度起，针对他们照护的税收减免范围将不再局限于医疗保健费用，而是涵盖所有类型的照护支出，包括居家照护、日间照护和养老院费用。

现有的8000令吉索赔限额保持不变。但至关重要的是，您不再需要注册医生来核实这些索赔。

纳税人只需提供收据以及护理人员的书面声明或护理人员的工作许可证副本即可。

降低护理中心的服务税

自 2027 年 1 月 1 日起，老年护理服务的服务税率从 8% 降至 6%。

更进一步，如果符合条件的养老中心的年收费低于每人 96,000 令吉，政府将完全免除其服务税。

这些中心必须根据 1993 年护理中心法令或 2018 年私人老年医疗保健设施和服务法令进行注册。任何超过 96,000 令吉门槛的费用将适用 6% 的优惠税率。

拨款13亿令吉用于马来西亚老年人福利

政府计划在2027年拨款13亿令吉，用于帮助近20万名马来西亚老年人。目前，社会福利部负责运营“黄金援助金”（Bantuan Warga Emas，简称BWE）计划，该计划每月向符合条件的马来西亚老年人提供600令吉的补助。

虽然预算案没有明确提高这项个人每月津贴，但高达 13 亿令吉的拨款确保了这项重要的安全网能够继续为符合严格的公民身份、居住地和财务标准的人提供服务。

政府退休人员养老金增加和奖金

公务员老兵们将迎来诸多喜讯。最低月养老金将从1000令吉跃升至1350令吉，直接惠及近59000名退休人员、武装部队退伍军人和衍生养老金领取者。

除此之外，超过一百万名政府退休人员将获得750令吉的特别财政援助金。

政府将把这笔奖金分两期发放，分别在开斋节和独立70周年纪念日之前发放。

加快护理人员破产救济程序

经济困境会给家庭带来沉重打击，尤其是那些承担繁重照护责任的家庭。从2027年开始，“第二次机会快速通道政策”将扩大适用范围，涵盖60岁及以上、残疾或患有慢性疾病的家庭成员的主要照护者。

虽然不是直接发放现金，但这项政策加快了破产救济进程，为深陷债务泥潭的护理人员提供了一条至关重要的生命线。

保护马来西亚老年人的新法律

从马来西亚人口老龄化的大局来看，政府计划起草一项新法案，以解决老年人被遗弃的问题，并加强国家护理体系。

这是一种先发制人的立法举措，而非直接的经济利益，它预示着未来几年将建立更强大的法律框架来保护马来西亚老年人的福祉。

马来西亚在2027年QS亚洲排名中创下历史新高，私立大学成为焦点。

哈菲兹·奥斯曼被任命为新任监狱部门负责人，将于11月5日就职。

截至10月31日，政府已向365万纳税人支付了202.7亿令吉的所得税退税。