5.20%
See you guys next Feb 2022

3M+ in EPF at such a young age is quite commendable bro

I totally disagree. Those who save more should get higher dividend rates. This would motivate and encourage the poor to work harder and smarter to earn more.

EPF is a retirement fund, not a charity.

Its a retirement fund. Those who save RM1 or RM1,000,000 must get the same dividend as practiced all this while.

If this bloody tiered div issue is really pushed fwd, then I would say those who save more should get more dividends, same as our income tax structure where the more you earn, you pay more income tax at a higher bracket. Then only it is fair and square.

The poor are already getting cash handouts from the govt and they don't even need to pay income tax.

And its wrong to generalize that contributors with >RM1 mil in EPF has other millions elsewhere. These are ppl who work and save hard all their working lives. And its wrong to generalize that ppl with lesser amounts in EPF are poor when their other funds could be parked elsewhere (UT, ASB, KWAP, PRS...etc). Poor folks can also invest in shares, albeit at a smaller scale.
Everyone is responsible to earn his own living and make his own way in life.

Leave the EPF as it is.

Yea its mainly by that editor. Really pissed off to read that bit.
I hope it wont happen. Stupid idea which wont help resolve the main problem.

Barring any unforeseen circumstances, it should be another 5-ish run next year. Keeping fingers crossed.

The EPF should remove the RM60K annual limit for self-contribution, or at least incease it at at least RM100K.

What are the chances of tiered dividends happening ?

I just pray it will not happen.
Not every 1M+ member is investment-savvy to place their excess funds externally.
The poor will just have to find ways to work harder & smarter to build up their own retirement funds, just like everyone else.
Lets see how it goes.

If the govt wants to implement this tiered div, then they should allow the top tier acct holders to be able to withdraw above a lower cap (i.e. any amount above RM 250K instead of the current RM 1Mio)

No it will not be considered
The upcoming div is only for last year’s inputs.

No wonder the caruman for January is not showing in the withdrawal eligibility. The self contri shows as credited though.

If it really comes down to tiered dividends, make it an opt-in for those who feel very charitable and genuinely want to help out.

There are many members who skimp and save to reach > RM 1Mio
in the EPF, not everyone is a C-level executive or corporate tycoon.

Its our hard earned money, we deserve to gain the full blown dividend, not partial.

Period.

https://www.thestar.com.my/news/nation/2022...out-could-hit-6

Check this out :-
https://www.kwsp.gov.my/member/contribution...-statutory-rate

and you will need form KWSP 17A (AHL), fill it up and pass to HR for processing.

From the track record, its almost always on a Sat/Sun/Mon.

I dont think the retirement age will be raised, as this'll impact the job opportunities for the youth and young grads just starting out.

Remember to keep some funds for funeral wakes, burial plots or columbarium niches. Death comes at anytime despite us planning for retirement.

https://www.kwsp.gov.my/-/maintenance-to-ep...ay-to-saturday-

Maybe the announcement is tomorrow ?
Anyway, the February 2022 caruman be seen now under withdrawal eligibility. Strangely, the January 2022 caruman is not.