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 EPF Account 1, Where to invest it

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cic.lemur
post May 21 2009, 04:54 PM

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QUOTE(numbertwo @ May 21 2009, 04:40 PM)
if i'm not mistaken, you should be able to withdraw all from acc2 to settle loan, or buy house 1/2.  As to the acct1/2 ratio, not sure..maybe 30/70 or 40/60.. u have to check.
*
Thanks.

To settle loan you mean if I get a bank loan to pay for house, I can later withdraw from EPF to settle some of the loan? But I can only do this once, to buy the first house right (I mean legally).
numbertwo
post May 21 2009, 05:04 PM

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From: PJ lamansara... :D


Hi, cic.lemur...
yes you are right..
Jordy
post May 21 2009, 05:39 PM

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QUOTE(numbertwo @ May 21 2009, 04:40 PM)
if i'm not mistaken, you should be able to withdraw all from acc2 to settle loan, or buy house 1/2.  As to the acct1/2 ratio, not sure..maybe 30/70 or 40/60.. u have to check.
*
numbertwo,

For your information, the actual ratio for Account 1 and 2 is 70:30 smile.gif
So in cic.lemur's case, he would be having RM 70k in Account 1 and RM 30k in Account 2.

QUOTE(cic.lemur @ May 21 2009, 04:54 PM)
Thanks.

To settle loan you mean if I get a bank loan to pay for house, I can later withdraw from EPF to settle some of the loan? But I can only do this once, to buy the first house right (I mean legally).
*
Based on what numbertwo has pointed out, it is not only restricted to the first house. It is actually for ANY one of your houses (be it your first or second). Please be informed smile.gif
cic.lemur
post May 22 2009, 09:12 AM

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QUOTE(Jordy @ May 21 2009, 05:39 PM)
numbertwo,

For your information, the actual ratio for Account 1 and 2 is 70:30 smile.gif
So in cic.lemur's case, he would be having RM 70k in Account 1 and RM 30k in Account 2.
Based on what numbertwo has pointed out, it is not only restricted to the first house. It is actually for ANY one of your houses (be it your first or second). Please be informed smile.gif
*
Ok Thanks
tkhoo
post May 22 2009, 05:01 PM

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the trick might be refinance your 1st house for higher value before the loan end. Get the refinance extra $$ in cash and pay for 2nd house. So your 1st house still under loan and get $$ from EPF acc2 to pay for your 1st house. Correct me if I am wrong.
cic.lemur
post May 28 2009, 11:53 AM

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Hi, got another question hope someone can help, what if I buy my first house without using EPF, when I buy the second house can I withdraw from EPF?

In other words, my question is, can the EPF account 2 be used only for your first house, or can it be used to buy second house provided you haven't used it to get the first house?

Thanks
Jordy
post May 29 2009, 09:10 AM

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QUOTE(cic.lemur @ May 28 2009, 11:53 AM)
Hi, got another question hope someone can help, what if I buy my first house without using EPF, when I buy the second house can I withdraw from EPF?

In other words, my question is, can the EPF account 2 be used only for your first house, or can it be used to buy second house provided you haven't used it to get the first house?

Thanks
*
cic.lemur,

Didn't you see my previous post?

QUOTE(Jordy @ May 21 2009, 05:39 PM)
numbertwo,

For your information, the actual ratio for Account 1 and 2 is 70:30 smile.gif
So in cic.lemur's case, he would be having RM 70k in Account 1 and RM 30k in Account 2.
Based on what numbertwo has pointed out, it is not only restricted to the first house. It is actually for ANY one of your houses (be it your first or second). Please be informed smile.gif
*
cic.lemur
post May 29 2009, 11:22 AM

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QUOTE(Jordy @ May 29 2009, 09:10 AM)
cic.lemur,

Didn't you see my previous post?

For your information, the actual ratio for Account 1 and 2 is 70:30
So in cic.lemur's case, he would be having RM 70k in Account 1 and RM 30k in Account 2.
Based on what numbertwo has pointed out, it is not only restricted to the first house. It is actually for ANY one of your houses (be it your first or second). Please be informed
Actually what you mean, is it you can buy using account 2 for your first house and then you can buy using account 2 for your second house? Or if you didn't use account 2 for your first house, then only you can buy second house using account 2. Coz if you mean the former, some other posters say can only do this if you cheat the epf guys.

 

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