Who we are

MQ companies focus on assisting our clients since 1998 to excel in their wealth management. Our unique model has helped many entrepreneurs to embark on a strong footing in their line of business and life. It has successfully assisted many existing clients or affiliates to witness breakthrough improvement in terms of wealth management and life.  

What we do

You will find this one stop money quotient hub here in MQ with our areas of services to assist you.

Personal Financial Planning
Insurance planning
Retirement planning
Estate planning
Business Financial Planning
Business Funding
Guarantor Indemnity Plan
Keyman Compensation Plan
Business Succession Plan
Professional Value Plan
Group Employee Benefit Scheme
General Insurance
0
years
0
clients

Your reliable partner

MQ is committed to providing excellent service in wealth management of our clients and strive to be the central hub of financial services excellence with extreme passion to serve and share in personal or corporate level.

We love making positive impacts.

Thank you for taking great care of us on our insurance. You and your team at MQ Consultancy Sdn Bhd have been wonderful to work with. Just list out one of the friendly customer service that given, MQ’s staff is stationed in Ee-Lian café every Friday and ready to give professional insurance advice to our employees without extra charges. Jason has always been tried his best to provide the better coverage than the prior and save us in term of premium charges at the same time. I would recommend Jason to anyone without hesitation or reservation.

Dr Teoh Han Chuan
Group Managing Director
SWS Capital Berhad

Good,Affordable,Fast ; Products following market trend and demand; Feel personalized services provided by the MQ Team

10 years ago, MQ did my wife medical claim and handed the pay cheque to my house on my hand within 3 working days! Truly appreciated MQ founder Mr Jason Koeh efficiency in helping me to go thru my life most difficulties period. Mr Jason Koeh even think of the best on how to made claim for chemo therapy treatment on my wife using the medical card ( very lucky Mr Jason Koeh proposed the Medical Card to my wife as her first Insurance Policy). After all those sour and painful story we become very good friend and we treasure each other until today. Life is Great. I love u bro.

Ng Cheng Hoe
Director
Inno PDA Sdn Bhd

Friendly, reliable and efficient

MQ provides excellent service in many aspects since the beginning till now and the people in MQ has always been there for me like a family when needed. Hence, this is very important for me and as a customer as I felt MQ is reliable and efficient in providing their service.

Geoffrey Teoh
Manager
Financial Institution

Informative, latest update and financial newsletter

Dr Chong Yen Nee
Chief Executive Officer
Yayasan Penjaja dan Peniaga Kecil 1Malaysia

Quick response, competitive quote and comprehensive product info

Sheley Teoh
General Manager - Sales
Blu Inc Media Sdn Bhd

FAST,

EFFICIENT, 

HELPFUL!
Aster Lim
Group Managing Editor
Blu Inc Media Sdn Bhd

Professional advice on insurance, Effecient and effectiveness MQ team

I will recommend MQ due to the professionalism of the team. Look forward to see this organisation grow!

Eric Gan
Regional Sales Manager
MBNS (ASTRO)

Consult, Advise, Reference. Train all staff to implement same character.

Dr. Samsudin Wahab
Lecturer
UiTM

Service is professional and personalized. 

Efficient, competitive and attentive. Thank you for taking care of us and we look forward to many more years with you.

Aanear You Chee Chien
Executive Director
Yee Loong Engineering Sdn Bhd

Always updated service, knowledgeable consultation,

None of the financial company can provide such great service like they do!

Dr Shirley
Doctor
AOKlinik
ppl

Need professional advice on financial management?

Let our team assist you!

bino

Looking for something new to venture in your career?

Join our team and make a difference now!

Meet Our Partners

Our Corporate Social Responsibility

The most important objective of our company is to obtain profitability in the long term. Guided by its mission and values we seek to achieve profits without prejudice to society and the environment.

Latest Updates

Is Travel Insurance Necessary If You Have Medical Insurance?

You must've been wondering... "What’s the worst, non-death related thing that could happen to you while on holiday?" For most people, it is ‘medical emergencies’. ‘Flight cancellation/delay’ usually comes a close second. Thus, many people believe that their regular medical insurance plus flight insurance is sufficient.

But, here’s what you don’t know: Your regular medical insurance typically DOES NOT cover accidents that happen overseas! And if it does, it’s usually as a reimbursement, which means you have to pay for the cost out of your own pocket first, and then claim it within 30 days after returning home.

Imagine having to use up all your vacation funds because you sprained your ankle!
What are the differences between Travel Insurance and Medical Insurance?

Travel Insurance is a comprehensive, end-to-end coverage for the duration of your trip. This means flights, luggage, medical, and even home coverage. Medical Insurance is a long term plan that is expected to last your whole life. Hence, when it comes to international coverage, you are subject to the clauses in your policy, and almost always as a reimbursement. This is not very helpful when you’re overseas and in need of insurance!

Data from Allianz Insurance shows that the most common medical emergencies abroad are Fractures/Falls, Cardiac Arrest, Accidents & Trauma, and Pulmonary problems. All of these WOULD NOT be covered under your medical insurance, or if they are, it'll be reimbursed to you at a minimal amount. You have to decide how much are you willing to risk, should you be caught in a foreign country with unfamiliar medical procedures and astronomical costs.

Did you know that outpatient care is one of the most common claims under Travel Insurance?
In the United States, a trip to the emergency room costs, on average, USD1300. In Australia, it costs AUD380. In the Philippines, it costs about USD200. Without travel insurance, you will need to fully pay this cost as your medical insurance will not reimburse you for outpatient treatment. This also includes coverage for prescription medications. As a rule of thumb, as long as the condition you sought treatment for is covered by your travel insurance, the prescriptions will be as well.

As outpatient care is one of the most common claims under Travel Insurance, it is highly recommended to invest in a Travel Insurance plan, as the premium per trip can be as low as RM 30. Thinking you’re ‘saving’ RM 30 by testing your luck is rather like not paying for parking - it’s nice when you don’t get fined, but then the traffic police only needs to get you once and bam, it’s RM 300 down the drain - except, in this case, we’re talking about your health and thousands of ringgit.

If there's an emergency reunion, who will come for you?
Should you find yourself alone, suffering a serious illness or injury abroad, your Travel Insurance will usually pay for a round-trip ticket for an immediate family member to visit you. This means what you don’t have to endure the worst time of your life alone.
How far does Travel Insurance stretch, when it comes to holiday activities?
While this may seem terribly obvious, many people DO NOT realise there are clauses for certain regions or countries in regular medical insurance policies. Most travel insurances, however, offer global coverage. Some have extreme sports coverage, insuring you if you, for example, break a leg snowboarding in the Tatra Mountains of Poland. If you’re an exotic or adventurous traveller, you will need to pay more attention to your package details.

Having said that, take note of the Exclusion Clauses - your personal responsibility
Every single type of insurance has exclusion clauses that protect the interest of the insurance company. Most have exclusion clauses that include Personal Responsibility. This means suicide, self-inflicted injury, sporting competitions, certain pre-existing conditions, and going on a holiday for the sole purpose of receiving medical treatment (i.e medical tourism) are usually excluded from travel insurance and medical insurance coverage.

Therefore, it’s always important to read your policy in its entirety before signing the dotted line. Whichever provider you choose, make sure you don’t skimp on travel insurance when you enjoy that hard-earned holiday, because yes, travel insurance is absolutely necessary for a great holiday and peace of mind!

Source:loanstreet

www.mqbusinesswealth.com
... Read moreHide

3 days ago

Is Travel Insurance Necessary If You Have Medical Insurance?

You mustve been wondering... What’s the worst, non-death related thing that could happen to you while on holiday? For most people, it is ‘medical emergencies’. ‘Flight cancellation/delay’ usually comes a close second. Thus, many people believe that their regular medical insurance plus flight insurance is sufficient.

But, here’s what you don’t know: Your regular medical insurance typically DOES NOT cover accidents that happen overseas! And if it does, it’s usually as a reimbursement, which means you have to pay for the cost out of your own pocket first, and then claim it within 30 days after returning home.

Imagine having to use up all your vacation funds because you sprained your ankle!
What are the differences between Travel Insurance and Medical Insurance?

Travel Insurance is a comprehensive, end-to-end coverage for the duration of your trip. This means flights, luggage, medical, and even home coverage. Medical Insurance is a long term plan that is expected to last your whole life. Hence, when it comes to international coverage, you are subject to the clauses in your policy, and almost always as a reimbursement. This is not very helpful when you’re overseas and in need of insurance!
 
Data from Allianz Insurance shows that the most common medical emergencies abroad are Fractures/Falls, Cardiac Arrest, Accidents & Trauma, and Pulmonary problems. All of these WOULD NOT be covered under your medical insurance, or if they are, itll be reimbursed to you at a minimal amount. You have to decide how much are you willing to risk, should you be caught in a foreign country with unfamiliar medical procedures and astronomical costs.

Did you know that outpatient care is one of the most common claims under Travel Insurance?
In the United States, a trip to the emergency room costs, on average, USD1300. In Australia, it costs AUD380. In the Philippines, it costs about USD200. Without travel insurance, you will need to fully pay this cost as your medical insurance will not reimburse you for outpatient treatment.  This also includes coverage for prescription medications. As a rule of thumb, as long as the condition you sought treatment for is covered by your travel insurance, the prescriptions will be as well.

As outpatient care is one of the most common claims under Travel Insurance, it is highly recommended to invest in a Travel Insurance plan, as the premium per trip can be as low as RM 30. Thinking you’re ‘saving’ RM 30 by testing your luck is rather like not paying for parking - it’s nice when you don’t get fined, but then the traffic police only needs to get you once and bam, it’s RM 300 down the drain - except, in this case, we’re talking about your health and thousands of ringgit.

If theres an emergency reunion, who will come for you?
Should you find yourself alone, suffering a serious illness or injury abroad, your Travel Insurance will usually pay for a round-trip ticket for an immediate family member to visit you. This means what you don’t have to endure the worst time of your life alone.
How far does Travel Insurance stretch, when it comes to holiday activities?
While this may seem terribly obvious, many people DO NOT realise there are clauses for certain regions or countries in regular medical insurance policies. Most travel insurances, however, offer global coverage. Some have extreme sports coverage, insuring you if you, for example, break a leg snowboarding in the Tatra Mountains of Poland. If you’re an exotic or adventurous traveller, you will need to pay more attention to your package details.

Having said that, take note of the Exclusion Clauses - your personal responsibility
Every single type of insurance has exclusion clauses that protect the interest of the insurance company. Most have exclusion clauses that include Personal Responsibility. This means suicide, self-inflicted injury, sporting competitions, certain pre-existing conditions, and going on a holiday for the sole purpose of receiving medical treatment (i.e medical tourism) are usually excluded from travel insurance and medical insurance coverage.

Therefore, it’s always important to read your policy in its entirety before signing the dotted line. Whichever provider you choose, make sure you don’t skimp on travel insurance when you enjoy that hard-earned holiday, because yes, travel insurance is absolutely necessary for a great holiday and peace of mind!

Source:loanstreet

www.mqbusinesswealth.com

Duties and responsibilities
- Involve in planning, executing sales and business development activities.
- Responsible to manage and initiate contacts and leads as well as develop new business opportunities.
- Undertake special assignments, ad-hoc functions and related duties as assigned by Director.
- To be proactively working in a team for all execution plans.
- Will be trained to be an opportunist and coached by company director.

Skills and experience
- Candidates who enjoy continuous learning and possess or currently pursuing a Diploma, Advanced/Higher/Graduate Diploma, Bachelor’s Degree which equivalent in area of requirements.
- Great working attitude: proactive with strong energy drive, and highly self-motivated.
- Self-discipline with excellent communication and interpersonal skills.
- Being present: enjoying live life to the fullest
- Possess own transport and willing to travel as needed.
- Required language(s): Bahasa Malaysia, Chinese, English.

Email: career@mqbusinesswealth.com
Website: www.mqbusinesswealth.com
... Read moreHide

6 days ago

Duties and responsibilities
- Involve in planning, executing sales and business development activities.
- Responsible to manage and initiate contacts and leads as well as develop new business opportunities.
- Undertake special assignments, ad-hoc functions and related duties as assigned by Director.
- To be proactively working in a team for all execution plans.
- Will be trained to be an opportunist and coached by company director.

Skills and experience
- Candidates who enjoy continuous learning and possess or currently pursuing a Diploma, Advanced/Higher/Graduate Diploma, Bachelor’s Degree which equivalent in area of requirements.
- Great working attitude: proactive with strong energy drive, and highly self-motivated.
- Self-discipline with excellent communication and interpersonal skills.
- Being present: enjoying live life to the fullest
- Possess own transport and willing to travel as needed.
- Required language(s): Bahasa Malaysia, Chinese, English.

Email: career@mqbusinesswealth.com
Website: www.mqbusinesswealth.com

RPGT Tax Guide For Homeowners

A Real Property Gains Tax (RPGT) is the imposition of tax on your profits from selling a property. In simpler terms, if you own a house and plan to sell it one day, you will have to pay tax to the government for the gains a.k.a profits you’re going to receive.

However, this tax will be imposed only when the disposal or selling price is greater than the purchase price of the property. If you’re not making a profit, you will not be charged RPGT.

This tax must be paid within 60 days of the sale of the property. However, it is advisable to get it done much sooner.

It is important to note that RPGT is not only applicable to residential properties, but also commercial properties, estates, and empty lands. In this article, we’re going to focus on the sale of residential properties.

How does RPGT work?
RPGT is only imposed on the net chargeable gain from your sale. It is charged on the profit you made, minus any waivers or deductible costs. It sounds complex, but is very easy to understand.

First, we need to know your chargeable gain amount.
Chargeable Gain = Disposal Price (Selling Price of Property) – Purchased Price

Now, let’s move on to net chargeable gain:
Net Chargeable Gain = Chargeable Gain – Exemption Waiver [RM10,000 or 10% of Chargeable Gain; whichever is higher] – Allowable Costs

Hence, the total amount of RPGT you will be paying is as follows:

What you need to pay = RPGT Tax Rate (based on holding period) x Net Chargeable Gain

The only things you need to be concerned about are: the exemption waiver and allowable costs.

The exemption waiver is RM10,000 or 10% discount on the net chargeable gain (whichever is higher) to reduce the amount you’ll end up paying in taxes. There is also an exemption for those selling properties worth less than RM200,000.

Aside from the exemption waiver, you can also deduct allowable costs. These are things like stamp duty, legal fees and advertising fees, administrative fees, and repairs and renovations.

Finally, your tax rate will be determined by the holding period, which is the number of years you have owned the property. See the tables below for the tax rates:
From 1st of January 2019 onwards, the RPGT rates are as below (for individuals who are citizens or permanent residents of Malaysia):

Holding Period <3 4 5 >6
RPGT Tax Rate 30% 20% 15% 5%

Let’s look at an example:
Michael is a Malaysian. He bought an apartment for RM300,000. Seven years later, he wants to sell off the apartment for RM 600,000. Before selling, he also spends RM20,000 on lawyers’ fees and some minor repair works.

Chargeable Gain: RM600,000 – RM300,000 = RM300,000
Net Chargeable Gain: RM300,000 – RM30,000 (10% of chargeable gain waiver) – RM20,000 (allowable costs) = RM250,000

RPGT Rate (based on holding period) x Net Chargeable Gain

Since Michael has owned the property for more than six years, his RPGT rate will be 5%. Hence;

Total RPGT RM250,000 x 5% = RM12,500
Now that you have figured out how to calculate your RPGT tax rates, let’s look at how you can make the payments.

How to pay RPGT?
Generally, your lawyer will handle the details and calculations for you; but if you want to do it yourself, here’s where to get started:

1. Download forms CKHT 1A, CKHT 3, and CKHT 2A from IRB’s website. These are a few forms you need to fill up for your RPGT taxes.

• CKHT 1A – Disposal of Real Property (completed by the disposer aka You)
• CKHT 2A – Acquisition of Real Property (completed by the acquirer/buyer)
• CKHT 3 – Exemptions

2. Prepare relevant documents for RPGT like the sale and purchase agreement, as well as receipts from your legal fees, advertising costs, and renovation fees to justify your deduction of allowable costs.

3. Fill out the CKHT 1A form – disposal of real property.

4. For exemptions, fill out form CKHT 3 (Notification under Section 27 RPGTA 1976)

5. Get your buyer to fill out form CKHT 2A – the acquisition of real property. Yes, this is also needed.

6. Submit all the forms and documents to the IRB office.

7. Wait for your confirmation notice!

What if I want to get out of paying RPGT? Are there any RPGT reliefs or exemptions I can make use of?
Actually, there are four:

• The first exemption we’ve already applied above – which is 10% of profits OR RM10,000 per transaction. This applies to every transaction you make.

• There is also a once-in-a-lifetime exemption from RPGT. Bear in mind that this only applies to a single transaction across your entire life.

• You’re exempted from RPGT if the disposal of property happens between you and a spouse, between parents and children, grandparents or grandchildren by way of a gift. It will be assumed that you received no gain or suffered no loss from the transaction.

• If you own a medium or low-cost property that is RM200,000 or below, you are also exempted from RPGT when selling.

With this guide, we hope you have a better understanding of how RPGT works, and how to file for it in case you’re planning to sell a property in the near future

Source: iMoney
... Read moreHide

2 weeks ago

RPGT Tax Guide For Homeowners

A Real Property Gains Tax (RPGT)  is the imposition of tax on your profits from selling a property. In simpler terms, if you own a house and plan to sell it one day, you will have to pay tax to the government for the gains a.k.a profits you’re going to receive.

However, this tax will be imposed only when the disposal or selling price is greater than the purchase price of the property. If you’re not making a profit, you will not be charged RPGT.

This tax must be paid within 60 days of the sale of the property. However, it is advisable to get it done much sooner.

It is important to note that RPGT is not only applicable to residential properties, but also commercial properties, estates, and empty lands. In this article, we’re going to focus on the sale of residential properties.

How does RPGT work?
RPGT is only imposed on the net chargeable gain from your sale. It is charged on the profit you made, minus any waivers or deductible costs. It sounds complex, but is very easy to understand.

First, we need to know your chargeable gain amount.
Chargeable Gain = Disposal Price (Selling Price of Property) – Purchased Price

Now, let’s move on to net chargeable gain:
Net Chargeable Gain = Chargeable Gain – Exemption Waiver [RM10,000 or 10% of Chargeable Gain; whichever is higher] – Allowable Costs

Hence, the total amount of RPGT you will be paying is as follows:

What you need to pay = RPGT Tax Rate (based on holding period) x Net Chargeable Gain

The only things you need to be concerned about are: the exemption waiver and allowable costs.

The exemption waiver is RM10,000 or 10% discount on the net chargeable gain (whichever is higher) to reduce the amount you’ll end up paying in taxes. There is also an exemption for those selling properties worth less than RM200,000.

Aside from the exemption waiver, you can also deduct allowable costs. These are things like stamp duty, legal fees and advertising fees, administrative fees, and repairs and renovations.

Finally, your tax rate will be determined by the holding period, which is the number of years you have owned the property. See the tables below for the tax rates:
From 1st of January 2019 onwards, the RPGT rates are as below (for individuals who are citizens or permanent residents of Malaysia):

Holding Period 6
RPGT Tax Rate 30% 20% 15% 5%

Let’s look at an example:
Michael is a Malaysian. He bought an apartment for RM300,000. Seven years later, he wants to sell off the apartment for RM 600,000. Before selling, he also spends RM20,000 on lawyers’ fees and some minor repair works.

Chargeable Gain: RM600,000 – RM300,000 = RM300,000
Net Chargeable Gain: RM300,000 – RM30,000 (10% of chargeable gain waiver) – RM20,000 (allowable costs) = RM250,000

RPGT Rate (based on holding period) x Net Chargeable Gain

Since Michael has owned the property for more than six years, his RPGT rate will be 5%. Hence;

Total RPGT RM250,000 x 5% = RM12,500
Now that you have figured out how to calculate your RPGT tax rates, let’s look at how you can make the payments.

How to pay RPGT? 
Generally, your lawyer will handle the details and calculations for you; but if you want to do it yourself, here’s where to get started:

1. Download forms CKHT 1A, CKHT 3, and CKHT 2A from IRB’s website. These are a few forms you need to fill up for your RPGT taxes.

• CKHT 1A – Disposal of Real Property (completed by the disposer aka You)
• CKHT 2A – Acquisition of Real Property (completed by the acquirer/buyer)
• CKHT 3 – Exemptions

2. Prepare relevant documents for RPGT like the sale and purchase agreement, as well as receipts from your legal fees, advertising costs, and renovation fees to justify your deduction of allowable costs.

3. Fill out the CKHT 1A form – disposal of real property.

4. For exemptions, fill out form CKHT 3 (Notification under Section 27 RPGTA 1976)

5. Get your buyer to fill out form CKHT 2A – the acquisition of real property. Yes, this is also needed.

6. Submit all the forms and documents to the IRB office.

7. Wait for your confirmation notice!

What if I want to get out of paying RPGT? Are there any RPGT reliefs or exemptions I can make use of?
Actually, there are four:

• The first exemption we’ve already applied above – which is 10% of profits OR RM10,000 per transaction. This applies to every transaction you make.

• There is also a once-in-a-lifetime exemption from RPGT. Bear in mind that this only applies to a single transaction across your entire life.

• You’re exempted from RPGT if the disposal of property happens between you and a spouse, between parents and children, grandparents or grandchildren by way of a gift. It will be assumed that you received no gain or suffered no loss from the transaction.

• If you own a medium or low-cost property that is RM200,000 or below, you are also exempted from RPGT when selling.

With this guide, we hope you have a better understanding of how RPGT works, and how to file for it in case you’re planning to sell a property in the near future

Source: iMoney

"We don't hire smart people so we can tell them what to do. We hire smart people so they can tell us what to do." -Steve Jobs

performed by Jay Shetty
... Read moreHide

3 weeks ago

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