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Malaysia Cost of Living
Malaysia would be a good alternative for those who get to retirement age and want to spend a peaceful life in a beautiful environment with nice warm weather and low taxes. Within Malaysia according to several retirees the cost of living is far cheaper as compared to the western countries like USA and UK. For a retiree in Malaysia, there is great advantage for taxes and no tax is applicable for income earned outside the country. Furthermore; there is no inheritance or capital tax on foreign retirees. The taxes are moderate and the income tax applicable to the citizens of Malaysia provides entitlement to enjoy various benefits and facilities. There is exemption of tax on bringing the personal possessions to Malaysia as a retiree. For bringing VCD and DVDs, however; they charge $4 per item for checking.
English is widely spoken in Malaysia therefore; living there would not create much problem. Malaysia has marvelous infrastructure and a retiree may find all the facilities and luxuries of life they need. Hence you could maintain the standard of living at much cheaper cost than what you are used to.
Malaysia provides very good health services at affordable rates. There are many good hospitals and medical centres which offer marvelous health care at very low cost. The excellent doctors and nurses are always there in the hospitals and medical centres of Malaysia.
Purchasing a property in Malaysia is also far cheaper as compared to UK and USA. A three bed room apartment cost around £36,000 ($57,000 USD) with the annual assessment of £58 ($57). Flat rental rates are higher since the landlord has to pay service and assessment charges. Renting a house however; costs less than a flat so that may be the way to go for you.
Utilities are available at much cheaper rate in Malaysia. There is no need for central heating, however; air-condition may be required in the temperate season. With air-conditioning, the total bill of electricity never exceeds from $1000 per annum (yes, $1,000 per year, not per month - compare that to your monthly electric bills). Gas is not supplied to the houses and an LP cylinder of gas costs up to $3. Telephone landline cost is $6 on average per month and the local call rates are $0.004 for the whole minute. The international calls from calling card cost $6 dollars up to 3 and a half hour duration. Postal and airmail charges are also less. The cost of living in Malaysia is cheap!
The Malaysian people are hard working and they give warm welcome to foreigners and retiree to their country. Hence Malaysia would be a marvelous place to spend the life after retirement in order to enjoy all the facilities of life and to avail the benefits at very low rates. Malaysia is truly one of the best places to retire in Asia and around the world.
Learn more about Malaysia retirement:
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