Extended warranty package.

The only way u can "cheat" EPF money legitimately is by buying a house with EPF money and then selling it. But Property Gains Tax is there, don't forget

Another "cheat" for A/C1 = CIMBC25, CIMBA40 and other foreign ETFs via "self-directed" investments

But u cannot take the money out, withdrawals go back to EPF

We were talking about taking cash money out

EPF A/C2 with a Flexi Mortgage lor

I see 2-3 persons here driving/considering a Viva Why a Viva?

Why not top up some $ and get the proven, generally decent myvi instead? That's what I did after considering Myvi, Viva and Saga FLX.

Go over to FnF or auto forums and read. For me, if I must get a Viva ... I'll get the cheapest model - 660 BX @RM25k. The price gap between the other Viva models (RM3Xk) and the cheapest Myvi @ RM44k is not big.

From my experience ... sometimes I regret buying things that are the cheapest but don't last long etc. When buying things, it's better to look for value (the same applies in investment)

Never thought of this. You're an expert in utilizing money in EPF.

For EPF A/C2 with flexi mortgage, you still can't touch the money right? If you withdraw from A/C2 to reduce homeloan, the exact amount cannot be withdrawn under flexi mortgage, right?

Monthly withdrawals - can, coz it doesn't even reach your financier, it goes into your "local bank account".
Once there, can put into flexi mortgage to "sit as capital repayment until taken out", thus saving/making the %

Yearly withdrawals - technically cannot coz it goes straight to your financier.
well, heard stories lar but unsure executable or not.

Just a thought

Ok I know yearly withdrawals definitely cannot, not familiar with monthly withdrawals but I would think EPF might want a statement to proof that the money was used to repay the loan and not for anything else... ? anyway hard to touch EPF $$...

FYI - monthly withdrawals were specifically made to enable members to withdraw and paydown OR...
coz it was during the 2008 crises where i think the Gov wanted to stimulate personal spending, thus i guess the "obvious leeway" was built-in.
Of course, personally i'd rather $pend it on investments / appreciating assets than a Galaxy Note 2 lar

Yup, David 83 is right... Can start from per acct 1 if I'm not wrong, UT charges is lower

Same case here.... This year is my 4th year working but my saving till now is till......
I tried cutting down my expenses too, but bcoz of high living cost today it just won't work... That's why I'm starting my business. I'm doing it part-time currently, online. (Is at my signature)


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Good advice SeaFOod Wong,

Spending on non-asset-item, only depreciate the Value we earn.
Look at grandpa time, when there no such thing HP, Laptop, AirAsia, Android, etc but money save under the bed for raining day.
Generation change didn’t see buy thing using credit the value for tomorrow, forever we will be slave to the BANK.
Look at mall every day i can see young couple buy/shopping thing like watch/accessories/cd/gadget/apparel
Do they see the return of value spending vs future saving, except making the Taukeh boss happy when buying their goods?
Spending non asset-item is juz temporarily lust for entertainment, when the time bored non asset item hv no value.
News spending needs to fill absolute hungry entertainment for emptiness.
Either we create thing we hv absolute value or we hv be patient on our spending.
I regret school never taught on financial independent and our parent financial education not show good example
All children have given gadget by their family to temporarily solve children growth.
Any children understand how $$$ was earn?

Well said Felix

Young ppl often say, "life must enjoy!", but they never thought of what if in their golden years they've got no children to support them, or worst, got childen also no use, "rather give birth to a piece of charsiew"

Ultimately, I believe that we should aim to retire not rich, but self-sufficient

Just like what sifu xuzen say, wanna enjoy? Make your investment assets be it rental from property or dividend from shares pay for your luxuries. Reserve your salary only for necessities, and save/invest the excess.

My peers find enjoyment in Starbucks, Chatime and expensive Sushi meal, I find pleasure going to my favourite kopi shop where everyone recognise my face and my favourite mamak where the boss know what I want the moment I step in.

This post has been edited by Pink Spider: Mar 11 2013, 10:34 PM

Remind me "Happy eating alone"
No need to order boss already know ...rm6.00 for my dinner.



Life's Blessings
I cried because I had no shoes;
Till I saw a man with no feet.

Life is full of blessings.
Sometimes we're just to blind to see them.


http://www.pravsworld.com/content/inspirat...ife-s-blessings

fully agreed with the last few posts!!

sometimes i see how today's parents 'spoil' their kids, i

all expensive branded stuff, new cars, branded watches, super special birthday celebrations, really

but no property tax if sold after 5 years right?

5 years is not a short wait bro

It's not THAT long... if you buy new properties. I believe the date is from S&P signing date, and for new properties, it will take around 2-3 years for construction anyway, so it will be maybe 2-3 years after VP.

I believe the rates are 15% within first 2 years, and 10% between year 2-5, and this is charged on the profit (not selling price) and you can also deduct costs associated and RM10k relief. Or if really hit a goldmine property (DPC?) and you want maximum, you can also choose to have once in a lifetime exemption.

Unfortunately RPGT is just the smaller amount associated with selling a property, there are other costs too