Basics of Personal Financial Planning (5-Day Workshop)

Basics of Personal Financial Planning
Basics of Financial Planning is a must for those who want to increase their financial literacy. It is a 5 days’ workshop covering topics such as Economics, Insurance, Taxation, investment and Estate & Retirement Planning.


March 23, 2019


March 23, 2019


KDU University College Utropolis Campus, Glenmarie, Jalan Kontraktor U1/14, Seksyen U1, 40150 Shah Alam, Selangor Darul Ehsan, MALAYSIA.   View map

Basics of Personal Financial Planning workshop is a must for those who want to increase their financial literacy in these areas. It is a 5-day workshop covering topics such as Time Value of Money, Insurance, Taxation, Investment, Estate & Retirement Planning.


Start managing your money. Learn the keys to manage your personal finances. Set your own goals, plans and budget


Basics of Personal Financial Planning


Course Outline:

Day 1:  Time Value of Money & Financial Analytical Tools

  • The time value of money
  • Calculation of Returns
  • Loan Repayment & Amortisation
  • Personal financial statement analysis

Please note: Participants are required to bring their own Financial Calculator. Recommended models: HP 10BII+, or Casio FC100V or FC200V.  HP10BII+ can be purchased from KMDC @RM212 per unit.


Day 2:  Insurance

The Concept of Risk

  • Definition of risk
  • Categories of risk
  • Risk identification
  • Risk evaluation

Candidates will be introduced to the two broad categories of risks – “speculative risks” and “pure risks”, and the necessity of identifying and evaluating risks in financial planning.


The Management of Risk

  • Risk avoidance
  • Risk control
  • Risk financing
  • Risk transfer through insurance

Candidates should understand the various methods of handling risk including how risk can be avoided, reduced, eliminated, financed, retained and transferred through insurance.


The Insurance Industry

  • The regulators
  • Professional bodies
  • The operators

Candidates should have a good knowledge of the Insurance laws and how the regulators monitor the sound operation of the insurers. Candidates should also understand how the professional bodies attempt to maintain the professional standard of insurance agents and brokers.


Types of Insurance Cover

  • Life insurance
  • Health and disability insurance
  • General insurance
  • Commercial insurance
  • Islamic insurance

Candidates should understand the different types of insurance covers that are available and the ways in which these covers can be used effectively for risk management. Different types of insurance can be used to protect loss of income as a result of death, sickness or disability and to protect property loss due to fire or motor accident.


Day 3:  Taxation

Income Tax Concept

  • Features of the Malaysian Tax System
  • Direct vs. Indirect Tax Structures
  • Basis of assessment
  • Residency Rules
  • Calculation of gross income
  • Deductions
  • Reliefs
  • Tax computation
  • Real property gains tax

In advising how financial goals can be better achieved through minimisation and deferment of income taxation, candidates should have a good understanding of the definition of income, types of income and how deductions and rebates can help to alleviate the income tax burden.


Income Tax Planning

  • Need and importance of tax planning
  • Tax avoidance and tax evasion
  • Tax planning for employees and businesses
  • Deferral of tax liability
  • Splitting of income
  • Managing losses
  • Maximisation of deductible expenditures of individuals and business forms

Candidates should understand that significant savings could be made through proper tax planning for employees and also for businesses. In addition, candidates should know the taxation treatment of insurance premiums and benefits.


Day 4:  Investment

Concepts of Investment

  • Objectives and rewards of investing
  • Concept and advantage of portfolio investment
  • Definition of risk and importance of risk management

Candidates should understand the need for investment to achieve financial goals and the advantages of portfolio investment in spreading risk.


Primary Investment

  • Overview of equity market
  • Overview of debt market
  • Overview of the foreign exchange market
  • Overview of Islamic investment products namely banking products, investment products, Takaful (Syariah-compliant insurance) products and investment-linked products
  • Overview of the property market
  • Factors to consider in comparing primary investments


Candidates should understand the two basic primary investment markets – the equity market and the debt market – where investors make their own decisions and invest directly in them. In making decision, it is important to know and compare the difference in the risk-return trade-off for the different types of primary investments.


Managed Investments

  • Unit trusts
  • Real Estate Investment Trusts (REIT)
  • Investment trusts
  • Exchange traded funds (ETF)
  • Investment-linked insurance products
  • Private retirement schemes (PRS)

Candidates should understand the advantages and disadvantages of managed investments vis-à-vis primary investments. It is important to know the various types of managed investments so that financial planning professionals are able to select the ones that match their clients’ needs.


Day 5:  Estate & Retirement Planning

The Retirement Planning Process

  • Estimate the amount of income needed during retirement – Income replacement and expense methods
  • Estimate the capital needs for retirement
  • Evaluate the current resources – EPF savings and Non-EPF savings
  • Formulate strategies for filling retirement income deficit
  • Evaluate other retirement resources – Private Retirement Scheme

Candidates should be able to estimate the amount of retirement income required so as to maintain a certain standard of living during retirement. They should be able to identify the resources available and should know the advantages and disadvantages of the various retirement planning instruments.


The Estate Planning Process

  • Definition of estate planning
  • Role of an estate planner
  • Techniques for preserving wealth
  • Role of life insurance in estate planning
  • Types of trusts
  • Taxation of trusts
  • Wills
  • Syariah Law in relation to estate planning

Candidates should understand that planning for conservation and distribution of accumulated wealth at time of death is an important part of overall financial planning and should be coordinated with other facets of the total plan. It is important that the candidates gain knowledge of the various techniques that can be used to preserve wealth.


Learning Outcomes:

Upon completion of this workshop, participants should be able to: –

  • Develop the necessary analytical skills required and the use of problem solving techniques and requires skill in processing and analysing data.
  • Differentiate types of investments and the risks involved.
  • Exercise more control over your various investment portfolios.
  • Better understand the concept of taxation.
  • Plan their retirement more comprehensively ensuring that they have enough well into their golden years.


Who should attend

Anyone who would like to learn to or have a better understanding of how to better manage their finances in these uncertain economic times.


Facilitator: Jack Lin

Jack Lin obtained his Bachelor of Business Administration in Financial and International Business from Western Michigan University, USA, and holds a Master’s Degree in Business Administration, Open University Malaysia. He is also a Certified Financial Planner (CFP), Registered Financial Planner (RFP), Shariah Registered Financial Planner (SRFP). He has over 10 years of experience in banking, in the area of wealth management.

Jack has taught a variety of finance and financial planning subjects, such as basic financial management, international banking and finance, investment planning, estate planning, retirement planning, for professional course as well as the undergraduate program. With his theoretical knowledge and practical work experience, he regularly trained and coached life insurance and unit trust agents in sales. Currently, he is attached with a premier insurance company as Agency Manager. As a believer of financial planning, he has adopted the financial planning approach to plan for his client’s wealth being.


Date, Time & Duration:

Intake 1: Saturday, March 23, April 20, May 4, May 11 & May 25, 2019,   Time: 9am to 5pm

Intake 2: Sunday, September 22, Oct 13, Nov 3, 17 & 24, 2019,  Time: 9:00am to 5:00pm



KDU University College Utropolis Campus, Glenmarie,

Jalan Kontraktor U1/14, Seksyen U1, 40150 Shah Alam, Selangor.

Location map HERE                          GPS Coordinates:  3.092604, 101.559762


Fee (HRDF Claimable):

RM1166 per participant


Promotion: Group of 2+ & Early Bird Promotion* @RM950 per participant.

*Early Bird Promotion ends  10 working days before the commencement date.


Register NOW!

Download Application Form CLICK HERE.

Submit your form with proof of payment or company’s letter of undertaking to KMDC:, Fax: 603 5565 0797.

KMDC’s RHB Bank Account Number: 212 349 000 543 53 (KDU Management Development Centre Sdn. Bhd.)


In-House Customised Workshop: 

All our training programmes can be customised and offered as In-House Training Workshop. To inquire, call: 03- 5565 0793/0798 or email:

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Contact Us

Email:, FAX: +603 5565 0797
Telephone: +603 5565 0799, +603 5565 0798, +6012 398 9030

Address: KDU Management Development Centre Sdn. Bhd. (KMDC)
KMDC Office, Level 3, Admin. Block,
KDU University College Utropolis Glenmarie Campus
Jalan Kontraktor U1/14, Seksyen U1, 40150 Shah Alam
Selangor Darul Ehsan, Malaysia.


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Over the past 17 years, KDU Management Development Centre Sdn Bhd (KMDC) has been dedicated to developing and enhancing the capabilities of business leaders and professionals through quality executive education and professional development programmes.

However, in view of the company’s new strategic business direction, the decision has been made to cease KMDC’s operations, as of 31 December 2019.

It has been our privilege to serve the KDMC community all these years. We thank you for your support!