PERSONAL FINANCIAL PLANNING

(FIN533)

GROUP ASSIGNMENT

(MARRIED AGE 25-40)

PREPARED FOR :MADAM AFIZA AZURA BINTI

MOHAMAD ARSHAD

PREPARED BY :
1.MOHAMMAD BADRUL AMIN BIN MD AZAM (2018200624)
2. NUR IZZATI AKMA BINTI NORHISAM (2018676732)
3. SUZILAH BINTI BATIN (2018225728)
4. ATMA AFISAH BINTI SUMARI (2018423526)
Name: Puan Fadzillah Elliani binti Md Azam
Age: 30 y/o
Marital Status: Married
Occupation: Senior Executive at Zurich Insurance Malaysia Berhad
Residential Address: No 70, Taman Harmoni, 43500 Semenyih, Selangor Darul Ehsan.

Mrs. Fadzillah is an employee of a private company, works as a senior executive at

Zurich Insurance Malaysia Berhad in Kuala Lumpur and makes RM73 200 a year. She is 30
years old and married in March 2013. Wanted to be known as Mrs. Lea, she is a graduate of the
University of Technology MARA (UiTM) Melaka City Campus in 2007. Her husband, 35-year-
old Mr. Suffian Zakaria, works as a risk inspector at an insurance company. During her 13-year
in career, she emphasized that the application of financial management is important in our life
for not burden with debt or overpayment.
 Mrs. Fadzillah
Balance Sheet as at December 31 20XX

ASSETS RM RM
Liquid Assets:
Cash in hand 3 300
Current Acc 1 7 800
Current Acc 2 5 200
Total Liquid Asset 16 300

Lifestyle Assets:
Market Value of Honda City 43 000
Market Value oh Suzuki Swift 20 000
Market Value of house 210 000
Household furniture current value 6 000
IPhone 7 Plus 1 899
Gintell Treadmill 2 540
Total Lifestyle Asset 283 439

Investment Assets:
Amanah Saham Bumiputera 7 600
Life Insurance (Surrender value) 39 000
Total Investment Asset 46 600
Total Asset 346 339

LIABILITIES
Current Liabilities:
U Mobile bill 70
Syarikat Air Selangor 180
Credit Card 1 200

Total Current Liabilities 1 450

Non-Current Liabilities: 18 000
Students loan (PTPTN) 21 000
Auto loan 37 000
Housing loan 27 000
Personal loan
Total Non-Current Liabilities 103 000
Total Liabilities 104 450
Net Worth 241 889
Net Worth and Total Liabilities 346 778
 Mrs. Fadzillah
Cash Flow Statement as at December 31 20XX

INCOME: RM RM
Take home pay (6 100x12) 73 200
+ Bonus 3 times a year (1 200x3) 3 600

Total Income 76 800

EXPENSES:
Utilities cost (225x12) 2 700
Groceries (250x12) 3 000
Food (260x12) 3 120
Insurance premium (100x12) 1 200
Fuel (400x12) 4 800
Monthly parking ticket (40x12) 480
Zakat 250 250
Leisure & miscellaneous (200x12) 2 400
Vacation 4200 4 200
Credit card (100x12) 1 200
Students loan payment (300x12) 3 600
Auto loan payment (660x12) 7 920
Housing loan payment (800x12) 9 600
Personal loan payment (500x12) 6 000

Total Expenses 50 470

Contribution to Savings 26 330

Financial Ratios:

1. Current ratio:
= Liquid assets/Current liabilities
= RM16 300/1 450
= 11.24

2. Debt ratio:
= Total liabilities/Total assets
= RM104 450/RM346 339
= 30.16%

3. Liquid assets to Take home pay:

= Liquid assets/Take home pay
= RM16 300/RM73 200
= 22.27%

4. Debt service average ratio:

= Take home pay/Debt service charges @ Total monthly payments

= RM73200/
Below are details of income, benefits and expenses incurred by Puan Fadzillah in 2019:

Pn Fadzillah(RM)
Salary per month 6100
Donation per month 17
Life insurance 270
Medical insurance 400
Bonus (3 times per year) 1200
EPF (11% from salary and bonus) 8448
Private retirement scheme 150
SOCSO 250
Medical expenses for parent 600
Allowance for parent 1000
Zakat 250
U mobile bill 70
Purchased I phone 7 plus 1899
Bought a Gintell Treadmill 2540
make medical examination 750
Purchased a magazine 150
TAX RETURN 2019 FOR PUAN FADZILLAH ELLIANI

AGGREGATE INCOME RM RM
Income
(6100 × 12) 73 200
+Bonus (1200 ×3) 3 600
-Donation (204)
Assessable Income 76 596

DEDUCTION
Self 9 000 9000
EPF+Life Insurance
(11% × 76 800) + ( 270 × 12) 11 688 6000
Medical Insurance 4 800 3000
Public Retirement Fund
(150 × 12) 1 800 1800
Medical parents 600 600
Lifestyle
(70 + 1899 + 2540 + 150) 4 659 2500
SOCSO 250 250
Allowance for parent 1 000 1000
Complete medical examination 750 750
Child 2 000 2 000
SSPN (100 × 12) 1 200 1 200
(Total Deductions) 28 100
Chargeable Income 48 496

TAX RATE
1st (35 000) 900
2nd (13 496 × 10%) 1 349.6
GROSS TAX PAYABLE 2 249.6

(-)Rebate:
Zakat 250
Net tax payable 1 999.6
(-)Monthly Tax Deduction(MTD) -
Tax Payable 1 999.6