Doesn’t matter, just an illustration. If you talk about effective tax for 120k pa (excluding deductible), in Malaysia you’ll be paying RM 14.4k which is 12% (not 9% as you say) while in Singapore you’ll be only paying $7.95k which is 6.6%. You pay almost double the tax in Malaysia in comparison.

why doesn't epf let us choose the categories we want to be in

conservative

mid range

aggressive

we only have syariah vs conventional only and blanket the whole investment.

Any tiered dividend will only lead to withdrawal or lesser contribution.
Now EPF already promotes voluntary contribution
- look at i-Saraan
- look at the recent 3k voluntary contribution tax rebate

They gonna do tiered dividend ?
I hopefully not.

In capital terms, you lose 1 people that contributes 100k
you had to gain back 100 people that contributes 1k each.
It's not democracy (1 people 1 vote)  in capital market.

you are the only one who gets my point
is my money / our money that our company has deducted from our pay to contribute to EPF
so why the want to hold long long... upon deduction immediately bank in ma

i did read about e-invoicing, so in the future if we self contribute to EPF will they also issue me a e-invoicing?
when we buy nasi lemak from roadside also need e-invoicing?
anything involving money changing hand will need e-invoicing?

i wish this happen fast fast so those who sell nasi lemak also need to pay tax, do you know that nasi lemak seller by the road side earns like RM8k to RM10k per month?

10k net a week is achievable for many foods sellers, they just keep silent only (My parent used to open restaurant and rented spaces for people to sell various foods). I know a indonesia woman who worked for a porridge stall, when her boss went to travelling, the boss let them handled the business, she told me each week can have 20k+ to rm30k+ cash from selling the porridge, and it was 10+ years ago (road side stall), can imagine how rich the boss was. (my parent told me those who sell foods, margin is 50% or more. Last time when chicken rice was rm 3, had people selling for rm1 to grab customers, my mom did a calculation and said still able to survive with that rm1 price). Now food price higher and money became smaller value, i guess it is even easier to hit 10k net profit for some stalls.

Seriously, EPF should start  ilustrating using interest & reducing balance withdrawal method , instead of just divided by 20 year/240 months..it doesnt really reflect the real picture.

Current ilustration :

EPF balance  RM 100k, every month can spend RM 416 (100k/240) , last for 20 years.
New ilustration :

EPF balance RM 100k,

1st year , 1st to 12th months can spend RM 416 (100k/240) + RM 500 (100k@6% interest / 12) = RM 916 per month, with EPF balance of RM 95008 at end of 12th month

Year 2 , 13th to 24th month can spend RM RM 416 (100k/240) + RM 475 (95008@6% interest / 12) = RM 891 per month, with EPF balance of RM 90016 at end of 24th month

and so forth.

or

If fixed RM 416 per month, take into the interest calculation, literally can withdraw infinitely with extra interest can reinvest back to the principal because the withdrawal actually is lowered the yearly interest.. not only last for 20 years...

the direct 240k/20 also didnt factor inflation..if you're saying the epf interest is use to offset inflation and the 240k/20 is illustrated as the real purchasing power then they're slapping themselves by saying inflation is close to EPF interest.....

Then, u should choose Ringgit corporate bond by GLC. There's no perfect solution. Stay in EPF, get lower yield than 6% and money locked up.

But if EPF dividend stay lower for longer, I think many will start to look for alternatives. Money goes to where it's best treated

Assuming 4% appreciation, your total return would be 6.5% only. If you deduct repair , maintenance and management, then net return would be lower. That also includes illiquidity and taxation risk.
From investment point of view, I don't think it's better than 6% gov bond.

But from personal point of view, I think I understand your choice

Another thing about brothers here who all in EPF

Remember EPF has a long term goal of inflation +2% return.

The true earnings power of our capital park inside only double after 36 years. (72/2 = 36) This instrument is at most a good inflation hedge

Looking at SG stats, almost impossible to pull 200k SGD in salary regardless of age haha.

So if one is pulling that, better focus on enhancing and strengthening that like you say.

Epf and retirement stuff is related no?

5k a month now is different from 5k in 20 years' time. 

question: what would you do if you have a 800k hse loan and 100k cash on hand? do you put it into EPF or loan account?

Same la for me. The ease of no longer binded down with long term loans is very liberating. I basically settled my loan on 61 months once I cleared the lock in period of 5 yrs.

Yes there are some $ losses but heck, no more long term uncertainties of loan etc despite with MRTA protection. Instead of chasing that minor losses, with liberated mind, I focus on growing my income....

What industry is that? Epf got 2 to 3 mil at age 40.

100% salary contribution to epf is it

Would you put in like 15k into EPF to hit a personal milestone?

Or better invest it in other places?