However, Tunku Alizakri emphasised that this facility is not a "withdrawal" but rather an "advance", pointing out that eligible members will need to replenish the amount withdrawn.

https://www.msn.com/en-my/money/topstories/...c?ocid=msedgntp

just guess have to wait till 18 Nov for the more details of how the 'Replenishment" are gonna be.....

isn't that depends on the investment returns?

1000 billion if got 6% = xxxxxx
100 billion if got 6% = xxxxx
10 billion if got 6% = xxxx

still dependent of the 6%....(ROI)??

Yes,... Definitely will impact the dividend $ to be received by the contributors that had withdrawn. They had withdrawn, thus has less money inside to get the dividend.

i am sure alot of aunties and uncles out there would like to know or hope that it could happens....then they does not need to hunt for "Best" FD rates anymore

yes, then tell us the reply from KWSP....

in the meantime...just don't over stretch your money in FD (as long as possible!) ...for yearly can still deposit 60k (it just takes you 15 +yrs)

yes,...
just don't forget "nomination" with the your money in KWSP.

btw, you posted earlier,.... "As I am age 70, do not want any risky investments."
mind telling this "risky" means, ......chances of losing how many % of your capital in a year or no lose allowed?

ok noted,
KWSP is the way to go then, but if you are free and wanted to go spend your time fishing,....can try ASNB Fixed Price funds...they had been historically much better than FD rate with BUY RM1, Sell RM1 too

there is a very active dedicated thread at lyn too
Ultimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia
https://forum.lowyat.net/topic/4866563

This post has been edited by yklooi: Nov 21 2020, 11:32 AM

Please elaborate more on your this definition of "safe"?
Money will be lost?
They does not hv money to gives you when they are due?
The money will not get any dividend payout?
Or........?

application for 1 sinar 1 & 2 has started for some time....will the dividend announcement if in Mid Feb reverse the process of withdrawing the i sinar fund?

how and what can be done?

from this info from this site....
it looks like no need to liquidate investment to pay salaries and retired seniors

https://www.kwsp.gov.my/documents/20126/974...t=1564377639847

This post has been edited by yklooi: Feb 18 2021, 11:21 AM


Attached thumbnail(s)

they have more than RM110 bil liquid cash....as per that report

they have been doing that RM50bil things for the past many years...
why is that going to be a problem this time?

This post has been edited by yklooi: Feb 18 2021, 01:32 PM

This RM350~Rm500 million is how many % of its Fund size?

THE Employees Provident Fund (EPF) has identified at least seven assets located in Perlis, Kedah, Selangor, the Federal Territories and Negeri Sembilan to be put up for sale, with a total estimated value of RM350 million to RM450 million, according to sources.

The Edge understands that at least three of the assets are office buildings the provident fund is currently occupying. They comprise two office buildings in Kuala Lumpur — Bangunan KWSP in Jalan Raja Laut and Bangunan KWSP in Changkat Raja Chulan — and Bangunan KWSP Damansara Fairways in Petaling Jaya, Selangor.
https://www.theedgemarkets.com/article/news...uts-assets-sale

don't realise the holding so much, will have less profits....thus lesser gains to be given out as distribution....causing lower dividend rate announced....lower my this year returns

if i have RM600k in EPF
if you have RM500k in EPF

if below 500k is 1% more .....
then you get RM6% while i get 5% ...

your 500k will give you RM30k while i also get RM30k from my 600k but i lost out RM6k if i get 6%

so if i do as you suggested, i take out 60k to invest myself....

i left 540k in EPF that gives me a dividend of 540*5% = RM27K, while you get RM30k

the 60k i took out for investment, if i get a returns of 10% (2x EPF rate), i will get 6k profits
6k profit + 27k dividend = 33k returns while you get 30k (without all the risk and worry)

for that, i will have to take all the investment risk + make sure get 10% ROI....

this 33k is still less than the 36k that i should get .......

## i had been asking myself last month, if i should withdraw i-sinar to invest for myself....
if i am lucky enough to get 2x my epf rate, and even if i did get it, the extra in dollar term (3k) is just too little in relation to my amount in epf....and this little % of gains does not compensate me enough for the RISKs of investing myself......

This post has been edited by yklooi: Mar 2 2021, 12:10 PM

my earlier thinking was,...
if i had 600k, i took out 60k for investment

600k x 5% EPF rate i get RM30k total after 12 months is RM630k

if i took out 60k, my EPF is left with 540k
540k x 5% = 27k
60k x 10% = 6k, total is RM33k

i get 3k extra over if i did not take out.

3k out of 630k is about 0.48%

was thinking to myself, if this extra 0.48% or 3k is justify for me to chase in relation to the risk of investing and a need to beat this 5% epf rate....

i agreed too, if the scenario examples used were correctly relevant

8k tax relief for a 24% tax bracket = 1920
8k tax relief for a 21% tax bracket = 1680
8k tax relief for a 14% tax bracket = 1120

this same 8k if put into a 1%pa variance for 20 yrs will results in 1761 variance
this same 8k if put into a 1.2%pa variance for 20 yrs will results in 2155 variance

https://www.calculator.net/investment-calcu...tit=0&x=79&y=22
http://www.hasil.gov.my/bt_goindex.php?bt_...5000&bt_sequ=11

This post has been edited by yklooi: Mar 14 2021, 12:20 PM

Psssts, if qualified to take out n put in anytime into epf, then take out epf money and put into sspn in Dec, then take out from sspn and put back into epf in Jan...
Abit lesser normal EPF returns (in value term) + sspn tax relief 👍👍

But that needs abit of brains to understand how it works

This post has been edited by yklooi: Mar 14 2021, 05:28 PM