Tax reliefs are like a sale: a discount only saves you money if you actually needed the item in the first place. Licensed Financial Planner Rafiq Hidayat, Managing Director of WealthVantage Advisory, breaks down which reliefs act as true "free money" versus those that trigger unnecessary extra spending, and how to weigh the opportunity cost before locking in your cash.

He also explains why timing purchases within this assessment year matters, and reveals which tax reliefs are worth maxing out.

<p>Tax reliefs are like a sale: a discount only saves you money if you actually needed the item in the first place. Licensed Financial Planner Rafiq Hidayat, Managing Director of WealthVantage Advisory, breaks down which reliefs act as true "free money" versus those that trigger unnecessary extra spending, and how to weigh the opportunity cost before locking in your cash.</p><p>He also explains why timing purchases within this assessment year matters, and reveals which tax reliefs are worth maxing out.</p>

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Ringgit and Sense

We explore financial themes and help you make sense of the world of finance. From setting financial goals, managing finances, investing and understanding the various issues that affect our wallets. Ringgit and Sense wants to help you understand personal risk profiles, realistic investment horizons, retirement planning, managing education loans and health insurance plans, as well as breaking down the various personal finance products that are available.