Glossary
Work, labor rights, money, job hunting, housing — plain-language explanations of common terms.
Employment
EPF / KWSP The Employees Provident Fund (Kumpulan W… SOCSO / PERKESO SOCSO (Social Security Organisation, or … EIS (Employment Insurance System) The Employment Insurance System (Sistem … Bonus A bonus is an extra payment an employer … Notice Period The notice period is the advance warning… Retrenchment Retrenchment is the termination of emplo… EA Form The EA Form (Borang EA) is a yearly stat… Minimum Wage The minimum wage is the lowest monthly o… Overtime (OT) Overtime, commonly called OT, is work do…
Finance
EPF Account 1, 2 & 3 EPF splits each member's retirement savi… ASB / ASNB ASB (Amanah Saham Bumiputera) is a popul… PRS (Private Retirement Scheme) The Private Retirement Scheme is a volun… Tabung Haji Tabung Haji (Lembaga Tabung Haji) is Mal… Income Tax (LHDN) Income tax in Malaysia is administered b… Tax Relief Tax relief is an amount you can deduct f… e-Filing e-Filing is LHDN's online system for sub… PTPTN Loan PTPTN (Perbadanan Tabung Pendidikan Ting… Credit Score (CTOS / CCRIS) CCRIS and CTOS are the main credit refer…
Housing
Housing Loan A housing loan is financing from a bank … PR1MA PR1MA (Perumahan Rakyat 1Malaysia) is a … RUMAWIP RUMAWIP (Residensi Wilayah, formerly Rum… MOT (Memorandum of Transfer) The Memorandum of Transfer is the legal … Stamp Duty Stamp duty is a tax on legal documents, … Sale & Purchase Agreement (SPA) The Sale and Purchase Agreement is the b… Strata vs Landed Property Landed property means a house sitting on… Quit Rent & Assessment Quit rent (cukai tanah) and assessment (…
Education
SPM The Sijil Pelajaran Malaysia is the nati… UPSR (Abolished) UPSR (Ujian Pencapaian Sekolah Rendah) w… Matrikulasi vs STPM Matrikulasi and STPM are two common pre-… IPTA vs IPTS IPTA (Institusi Pengajian Tinggi Awam) a… JPA Scholarship The JPA scholarship is a government awar…
Healthcare
SOCSO Clinic (Panel) A SOCSO clinic refers to a panel clinic … Government Hospital Government hospitals are public hospital… Medical Card / Private Insurance A medical card is a private health insur… Panel Clinic A panel clinic is a private clinic that …
Government
STR (Sumbangan Tunai Rahmah) STR (Sumbangan Tunai Rahmah) is the gove… MySejahtera MySejahtera is a government health appli… JPJ JPJ (Jabatan Pengangkutan Jalan), the Ro…
Business
SSM Registration SSM (Suruhanjaya Syarikat Malaysia), the… Sole Proprietorship vs Sdn Bhd A sole proprietorship (or partnership) i… SST (Sales & Service Tax) SST is Malaysia's consumption tax system… e-Invoice (LHDN) e-Invoicing is LHDN's system requiring b…