100+ Free CFP Module 4 Practice Questions

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2026 Statistics

Key Facts: CFP Module 4 Exam

75 Q

Number of questions in the official exam

FPAM Guidelines

3 Hours

Total time allowed for the exam

FPAM Guidelines

50%

Minimum passing score required

FPAM Guidelines

~RM 300

Exam registration fee per attempt

FPAM Website

EPF 75%

Akaun Persaraan allocation for retirement

KWSP Policy

YA 2025

Current Malaysian income tax framework tested

LHDN Guidelines

CFP Module 4 is a 75 MCQ, 3-hour exam testing knowledge of Malaysian taxation, personal tax relief optimization, business tax planning, and retirement needs math.

Sample CFP Module 4 Practice Questions

Try these sample questions to test your CFP Module 4 exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under Section 7(1)a of the Malaysian Income Tax Act 1967, an individual is considered a tax resident for a Year of Assessment if they are physically present in Malaysia for at least how many days in that calendar year?

A.182 days

B.183 days

C.90 days

D.365 days

Explanation: Under Section 7(1)a of the Income Tax Act 1967, an individual is resident in Malaysia for a basis year if they are present in Malaysia for a period or periods amounting in all to 182 days or more. Physical presence of 182 days is the primary test for establishing tax residency.

2Under Section 7(1)b of the Malaysian Income Tax Act 1967, an individual who is present in Malaysia for less than 182 days in a basis year can still be deemed a resident if that period is linked to another period of 182 or more consecutive days in which basis year(s)?

A.Only the immediately following basis year

B.Only the immediately preceding basis year

C.Either the immediately preceding or immediately following basis year

D.Any basis year within a five-year period

Explanation: Section 7(1)b allows a shorter period of presence in a basis year to be linked to a consecutive period of 182 days or more in the basis year immediately preceding or immediately following. Temporary absences for social visits or study abroad do not break the consecutive nature of the period.

3What is the official deadline for a resident individual in Malaysia to submit their tax return under e-Filing (e-Form BE) for a Year of Assessment if they only receive employment income?

A.30 April of the following year

B.30 June of the following year

C.15 May of the following year

D.31 March of the following year

Explanation: The statutory deadline to submit Form BE is 30 April of the following year. However, the Inland Revenue Board of Malaysia provides a standard 15-day extension for electronic submissions via e-Filing, making the final deadline 15 May.

4For a Malaysian citizen disposing of a residential property in the sixth year of ownership or thereafter, what is the applicable Real Property Gains Tax (RPGT) rate under current guidelines?

A.0%

B.5%

C.10%

D.15%

Explanation: For Malaysian citizens and permanent residents, the RPGT rate is 0% for disposals made in the sixth year of acquisition and thereafter. This exempts long-term property holdings from capital gains taxation.

5A Malaysian citizen acquired a residential property in Kuala Lumpur in August 2022 and disposed of it in July 2025. What is the RPGT rate applicable to the gains from this disposal?

A.30%

B.20%

C.15%

D.10%

Explanation: For resident individuals who are Malaysian citizens, the RPGT rate is 30% for disposals within 3 years from the date of acquisition. Since the holding period from August 2022 to July 2025 is less than 3 full years, the highest rate applies.

6Under the Malaysian Income Tax Act 1967, if a taxpayer fails to pay their tax due by the prescribed deadline, what is the immediate penalty rate imposed on the unpaid tax amount?

A.10%

B.5%

C.15%

D.20%

Explanation: A late payment penalty of 10% is immediately imposed on any tax balance that remains unpaid after the due date. This encourages prompt payment of outstanding tax liabilities.

7Under the Self-Assessment System in Malaysia, for how many years must a taxpayer keep records, receipts, and documents related to their tax returns for audit purposes?

A.7 years

B.5 years

C.10 years

D.3 years

Explanation: Taxpayers are legally required under Section 82 and 82A of the Income Tax Act 1967 to keep all relevant records for a period of 7 years from the end of the Year of Assessment. This allows the tax authority sufficient time to conduct tax audits.

8What is the standard withholding tax rate in Malaysia on interest income derived from Malaysia and paid to a non-resident individual, subject to any Double Taxation Agreement?

A.15%

B.10%

C.10% or 15%

D.30%

Explanation: Under Section 109 of the Income Tax Act 1967, a withholding tax of 15% is levied on gross interest paid to non-residents. This is a final tax unless modified by an applicable tax treaty.

9If a Malaysian taxpayer disagrees with a tax assessment made by the Inland Revenue Board, they can appeal to the Special Commissioners of Income Tax by filing which form within 30 days?

A.Form Q

B.Form N

C.Form P

D.Form R

Explanation: Under Section 99 of the Income Tax Act 1967, an appeal against an assessment must be made by filing Form Q within 30 days of the notice of assessment. The appeal is heard by the Special Commissioners of Income Tax.

10Malaysia operates on a territorial basis of taxation. Which of the following best describes the scope of charge for an individual under Section 3 of the Income Tax Act 1967?

A.Income accruing in or derived from Malaysia is taxable, and foreign-sourced income received in Malaysia by residents is generally exempt with exceptions.

B.All worldwide income is taxable regardless of where it is derived or received.

C.Only employment income derived from Malaysia is taxable, while investment income is exempt.

D.Only business income derived from Malaysia is taxable, while employment income is exempt.

Explanation: Under Section 3 of the Income Tax Act 1967, income tax is charged upon income accruing in or derived from Malaysia. Foreign-sourced income received in Malaysia by resident individuals is generally exempt from tax, subject to specific compliance guidelines.

About the CFP Module 4 Exam

FPAM CFP Certification Module 4 - Retirement and Tax Planning (Malaysia) is a key module for professional financial planners in Malaysia.

Assessment

75 MCQs. Covers retirement planning calculations and tax optimization.

Time Limit

3 hours

Passing Score

50% (38 out of 75)

Exam Fee

~RM 300 (Financial Planning Association of Malaysia (FPAM))

CFP Module 4 Exam Content Outline

20%

Malaysian tax system, administration, and compliance

Malaysian tax system, compliance, tax administration, and RPGT.

25%

Personal tax planning and relief optimization

Individual tax reliefs, rebates, separate assessments, and tax optimization.

15%

Business and corporate tax planning

Taxation of sole proprietorships, partnerships, and corporations, including SME rates.

20%

Retirement needs analysis, calculations, and inflation adjustments

Analysis of retirement needs, inflation adjustments, and capital calculations.

20%

Retirement vehicles: EPF, PRS, annuities, and retirement funding

EPF account structure, contributions, withdrawals, PRS, and deferred annuities.

How to Pass the CFP Module 4 Exam

What You Need to Know

Passing score: 50% (38 out of 75)
Assessment: 75 MCQs. Covers retirement planning calculations and tax optimization.
Time limit: 3 hours
Exam fee: ~RM 300

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

CFP Module 4 Study Tips from Top Performers

1Master the resident tax brackets and memorize key personal reliefs like lifestyle, medical, and insurance.

2Practice calculating chargeable income and tax liability for both joint and separate assessments.

3Understand the May 2024 EPF restructuring percentages: Akaun Persaraan (75%), Akaun Sejahtera (15%), and Akaun Fleksibel (10%).

4Be competent in using a financial calculator for future value of retirement needs and inflation-adjusted capital calculations.

5Study SME corporate tax rates (15% on first RM150k, 17% on next RM450k, 24% on excess) and RPGT tier rates.

6Attempt mock exams under timed conditions to build speed for complex multi-step calculation questions.

Frequently Asked Questions

What is the FPAM CFP Module 4 exam fee?

The exam registration fee is approximately RM 300, excluding taxes and tuition costs.

What is the passing mark for CFP Module 4?

The passing mark is 50%, which means answering at least 38 out of 75 questions correctly.

Does the CFP Module 4 exam allow calculators?

Yes, financial calculators such as the Texas Instruments BA II Plus or HP 17bII+ are permitted.

What is the duration of the CFP Module 4 exam?

The exam is 3 hours long, which provides ample time to perform retirement calculations.

Are tax relief updates from the latest budget tested?

Yes, the exam tests tax laws and relief rates applicable for the specified assessment year.