As 2025 comes to a close, Malaysians have a limited window to take advantage of government incentives, tax benefits, and cost-saving opportunities. 

Missing these deadlines could mean losing money or paying more later. Here’s a list of things to help you wrap up the year smartly.

1. Use the SARA Assistance

Image Credit: Sinar Harian

The government introduced a one-off RM100 SARA assistance for all Malaysians aged 18 and above in 2025. This credit can be used for selected daily necessities at participating outlets, helping ease the cost of living. Any unused balance will be forfeited after 31 December.

Check your eligibility and balance here. 

2. Make i-Saraan or i-Suri contributions

Self-employed individuals can contribute to i-Saraan, a voluntary EPF scheme, and receive a government incentive of up to 20% (capped at RM500). Housewives can benefit from i-Suri, which provides similar incentives to encourage retirement savings.

For more information click here.

3. Maximise 2025 tax relief

Image Credit: Millionacres

Expenses for medical check-ups, electronics, insurance, sports equipment, gym memberships, and EV charging equipment qualify for tax relief. Making these purchases before 31 December ensures you can claim them when filing your taxes next year.

Find information about tax guidelines here.

4. Apply for the i-MULA50 Insurance Incentive

The i-MULA50 programme by the Life Insurance Association of Malaysia (LIAM) offers first-time life insurance buyers a RM50 cash incentive for policies with annual premiums between RM75 and RM600. Applications close on 31 December or when the RM5 million fund is fully utilised.

Details & application can be found here. 

5. Complete EV purchases under tax exemptions

Image Credit: Kindel Media

Tax exemptions for fully imported electric vehicles (EVs) end on 31 December 2025, while locally assembled EVs will continue to enjoy exemptions until 2027. EV road tax exemptions also expire this year.

6. Check eGUMIS for unclaimed money

The eGUMIS portal allows Malaysians to check for forgotten deposits, refunds, or dormant accounts. There are billions of ringgit in unclaimed funds nationwide, and it only takes a few minutes to search using your IC number.

Check now.

7. Pay outstanding traffic fines

Image Credit: Borneo Post Online

JPJ will implement a “pay early, pay less” policy starting in 2026, which means higher fines and no more discounts for late payments. Currently, motorists can still enjoy discounts of up to 70% on outstanding summons if they settle them before year-end.

Pay online at https://mybayar.rmp.gov.my or https://mybayar.jpj.gov.my.

8. Top up SSPN account

Parents saving for their children’s education through SSPN can enjoy tax relief of up to RM8,000. Contributions made before 31 December qualify for this relief, reducing your taxable income and helping you plan for future education costs.

9. Redeem membership points & credit card rewards

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Many credit card points, e-wallet rewards, and loyalty vouchers expire on 31 December. Unused balances will be cleared after the deadline, meaning you lose out on discounts, freebies, or bill payments.

Wrap up your year the smart way

From claiming incentives to maximising tax relief, every step helps you start the new year right. 

Don’t wait until the last minute, start ticking off this checklist today and enter 2026 with peace of mind.

Featured Image Credit: Sinar Harian, Motorist, Millionacres