{"id":3829,"date":"2015-12-14T03:29:56","date_gmt":"2015-12-14T03:29:56","guid":{"rendered":"http:\/\/www.ap-northeast-1.blog-v1.compareglobal.co.uk\/my\/?p=3829"},"modified":"2026-03-27T09:58:00","modified_gmt":"2026-03-27T01:58:00","slug":"everything-to-know-br1m-2016-2","status":"publish","type":"post","link":"https:\/\/www.comparehero.my\/blog\/tax-planning\/everything-to-know-br1m-2016-2.html","title":{"rendered":"Everything You Need To Know About BR1M 2016"},"content":{"rendered":"<p style=\"text-align: justify;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3830\" src=\"https:\/\/i0.wp.com\/10.0.100.55\/blog\/wp-content\/uploads\/2015\/12\/MY_Blog_br1m_120815.jpg?resize=640%2C289&#038;ssl=1\" alt=\"BR1M 2016, BR1M, BR1M 3.0 \" width=\"640\" height=\"289\" \/><\/p>\n<p style=\"text-align: justify;\"><span class=\"_3m6-\"><span class=\"_5cy7\">Do you qualify for 1Malaysia People\u2019s Aid (BR1M) 2016? Wondering how much the payout is for next year? Get all the information you need about it right here.<\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p style=\"text-align: justify;\">BR1M began in 2012 as a single payment of RM500 given to Malaysia\u2019s low-income household while low-income single individuals who are 21 years old and above were given RM250. Under the first BR1M in 2012, a total amount of RM2.6 billion was distributed to about 5.2 million household.<\/p>\n<p style=\"text-align: justify;\">A total of RM4.9 billion was distributed to eligible Malaysians for the 2015 BR1M scheme this year. The cash aid then saw an increase to a total of RM 5.9 billion which will be handed out in 2016 and is expected to benefit up to 4.7 million households and 2.7 million single individuals. The first payout will be on 28th January 2016. <a href=\"http:\/\/english.astroawani.com\/malaysia-news\/rm13-billion-allocated-br1m-61892\" target=\"_blank\" rel=\"noopener\"><strong>It was reported that since it&#8217;s inception in 2012, the government has allocated a total of RM13 billion between 2012 to 2015 for the cash handouts.\u00a0<\/strong> <\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/i0.wp.com\/10.0.100.55\/blog\/wp-content\/uploads\/2015\/12\/BR1M-allocations...jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3852\" src=\"https:\/\/i0.wp.com\/10.0.100.55\/blog\/wp-content\/uploads\/2015\/12\/BR1M-allocations...jpg?resize=304%2C284&#038;ssl=1\" alt=\"br1m, bantuan rakyat 1 malaysia, br1m 3.0, Malaysia budget,\" width=\"304\" height=\"284\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">The BR1M 2016 new application was opened on 5 December and will run until 31 December 2015. Subsequently, if you have received BR1M in the past, you will also need to <strong><a href=\"https:\/\/ebr1m.hasil.gov.my\/Default.aspx\" target=\"_blank\" rel=\"noopener\">update your details<\/a><\/strong>. If you\u2019re unsure of how to go about applying for the aid, we\u2019ve sorted out all the information you need to know for your convenience.<\/p>\n<h2 style=\"text-align: justify;\"><strong>BR1M eligibility <\/strong><\/h2>\n<ul>\n<li>Malaysian residing in Malaysia<\/li>\n<li>Male or female who is the head of the household with an income below RM4,000<\/li>\n<li>Elderly aged 60 years old and above with income below RM4,000<\/li>\n<li>Single individual aged 21 years old and above with income below RM2,000<\/li>\n<\/ul>\n<h2><strong>How do you apply?\u00a0<\/strong><\/h2>\n<p style=\"text-align: justify;\">Applications can be made online at e-BR1M and it is highly recommended that you keep a copy of your application form. You can also get the application form from the office of <a href=\"http:\/\/www.hasil.gov.my\/goindex.php?kump=2&amp;skum=2&amp;posi=1&amp;unit=4&amp;sequ=1\" target=\"_blank\" rel=\"noopener\"><strong>Inland Revenue Board Malaysia<\/strong>,<\/a> <strong><a href=\"http:\/\/www.hasil.gov.my\/pdf\/pdfam\/CAWANGAN_UTC_1.pdf\" target=\"_blank\" rel=\"noopener\">Urban Transformation Centre<\/a>, Federal Development Department<\/strong> or at the State Secretary\u2019s Office.<\/p>\n<p style=\"text-align: justify;\">If you apply by filling in a form offline, you need to hand in the form either to Inland Revenue Board Malaysia, Urban Transformation Centre, Federal Development Department or at the State Secretary\u2019s Office. Forms submitted by e-mail and fax will not be processed. Note that it is advisable to include your account number in the application form as the payout can then be directly made to your account and saves you a whole lot of time.<\/p>\n<p style=\"text-align: justify;\">If you don\u2019t include your account number you will have to attend the voucher presenting ceremony to get your BR1M vouchers and there is usually a large crowd and long queues! On top of that, you will then have to go to your respective bank to cash your vouchers so do include your account details to avoid all of the hassle. To apply you will also need to ensure you have the latest MyKad identification as it is compulsory for all BR1M applicants to use the MyKad.<\/p>\n<h2 style=\"text-align: justify;\">How much is the payout?<\/h2>\n<p style=\"text-align: justify;\">Following the tabling of Budget 2016 in October, Prime Minister Datuk Seri Najib Abdul Razak announced an <strong><a href=\"http:\/\/www.thestar.com.my\/news\/nation\/2015\/10\/23\/budget-br1m-increased\/\" target=\"_blank\" rel=\"noopener\">increase in the BR1M 2016 aid<\/a>,<\/strong> with each category to receive RM50 more. Below are the latest amount of BR1M payout that eligible Malaysians will be receiving beginning January 2016.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/i0.wp.com\/10.0.100.55\/blog\/wp-content\/uploads\/2015\/12\/MY_BlogImage_br1m_121415revised.png?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3870\" src=\"https:\/\/i0.wp.com\/10.0.100.55\/blog\/wp-content\/uploads\/2015\/12\/MY_BlogImage_br1m_121415revised.png?resize=640%2C716&#038;ssl=1\" alt=\"br1m, br1m 2016, bantuan rakyat 1 malaysia, budget 2016 \" width=\"640\" height=\"716\" \/><\/a>For more information you can go to the <strong><a href=\"https:\/\/ebr1m.hasil.gov.my\/#\" target=\"_blank\" rel=\"noopener\">official BR1M website<\/a><\/strong>, call the toll free number 1800-88-2716 or email your enquiry to br1m@treasury.gov.my. The <a href=\"https:\/\/www.facebook.com\/LHDNM\" target=\"_blank\" rel=\"noopener\"><strong>Inland Revenue Board Malaysia&#8217;s Facebook pag<\/strong>e<\/a> will also have the latest updates so make sure you check it out.<\/p>\n<p>Remember, you need to get your applications in before 31st December 2016 in order for it to qualify for processing!<\/p>\n<p><strong>See also:<\/strong> <a href=\"https:\/\/www.comparehero.my\/blog\/why-you-should-not-reduce-your-epf-contribution\" target=\"_blank\" rel=\"noopener\">EPF Contribution Reduction<\/a><\/p>\n<p style=\"text-align: justify;\">The rising cost of living and the recent price hikes may be causing you to feel the pinch. But don\u2019t let it take a toll on you, arm yourself with money saving tips and increase your financial literacy by checking out the <strong><a href=\"https:\/\/rpstagingdot.wpcomstaging.com\/articles\" target=\"_blank\" rel=\"noopener\">CompareHero.my blog<\/a><\/strong>. You can also get yourself the <strong><a href=\"https:\/\/rpstagingdot.wpcomstaging.com\/credit-card\/best-deals\" target=\"_blank\" rel=\"noopener\">best deal for a credit card <\/a><\/strong>and <strong><a href=\"https:\/\/rpstagingdot.wpcomstaging.com\/personal-loan\/all\" target=\"_blank\" rel=\"noopener\">personal loan<\/a><\/strong> by using our free comparison tools.<\/p>\n<p><a href=\"https:\/\/rpstagingdot.wpcomstaging.com\/credit-card\/alliance\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-11905 size-full\" src=\"https:\/\/i0.wp.com\/optimized-blogassets.comparehero.my\/blog\/my_MY\/wp-content\/uploads\/2016\/04\/MY_BLOG_ProductBanners_Alliance_rev_021417.jpg?resize=640%2C285&#038;ssl=1\" alt=\"Alliance Bank Credit Card\" width=\"640\" height=\"285\" \/><\/a><\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; top: 2821px; left: 20px;\">Save<\/span><br \/>\n[tags]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you qualify for 1Malaysia People\u2019s Aid (BR1M) 2016? Wondering how much the payout is for next year? Get all the information you need about it right here.<\/p>\n","protected":false},"author":268230141,"featured_media":59620,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[416],"tags":[],"class_list":["post-3829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Everything You Need To Know About BR1M 2016 - CompareHero<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.comparehero.my\/blog\/tax-planning\/everything-to-know-br1m-2016-2.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Everything You Need To Know About BR1M 2016 - CompareHero\" \/>\n<meta property=\"og:description\" content=\"Do you qualify for 1Malaysia People\u2019s Aid (BR1M) 2016? 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Last updated: 6:28pm MYT, 21st October 2016 On the Overall Economy Total allocation for Malaysia's Budget 2017 RM260.8 billion 3.4% increase from last year\u2019s recalibrated budget Malaysia's economy growth estimated at 4% - 5% for 2017 Largest\u2026","rel":"","context":"In &quot;Tax Planning&quot;","block_context":{"text":"Tax Planning","link":"https:\/\/www.comparehero.my\/blog\/tax-planning"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/10\/budgeting.png?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/10\/budgeting.png?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/10\/budgeting.png?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/10\/budgeting.png?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":17937,"url":"https:\/\/www.comparehero.my\/blog\/government-budget\/budget-2014-a-difficult-act-for-government.html","url_meta":{"origin":3829,"position":1},"title":"Budget 2014: A Difficult Act for Government","author":"CompareHero","date":"30 October 2019","format":false,"excerpt":"\u00a0 The 2013 budget for Malaysia was designed to win votes, from BR1M and cellphone rebates to reduced costs on repayment loans for students and many more.\u00a0So has this been a year to take advantage of and now we need to repay the losses? 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