Lol.

IMO, those who hv >1M in EPF (which I believe most sifus & bros here do) should continue to self contribute as much as possible. In case one comes across more attractive investment prospects elsewhere, then its fairly easy to withdraw the excess and transfer it to the alternative investment prospects.

Income is down, but the capital may also be down due to withdrawals. So the statement means nothing.

Bro you are absolutely spot on !

Asset under management if not wrong was 960b down from one trillion plus.

Only possible if the Govt decided top it up from the reserve pool

Remember AUM is down to 900b now 🤦‍♀️

that is what i thought, but some is asking fpx by 27 feb 23 can get dividend or something like that

that is what i thought, but some is asking fpx by 27 feb 23 can get dividend or something like that

yalor, that's y i dun understand why talking about which day in the month to enter.

point is that it works just like your normal bank account when counting interest, but you just need to imagine that all deposits only get processed on the last day of the month (unlike withdrawals).

something like this. 5 minute example. intent is to make it easy to understand. feel free to improvise.

Umm, Excel file?

I did online transfer on 29 Dec expecting EPF to credit on 1 Jan so not breach the limit but I was wrong.
If say EPF credit it on 30 Dec & hold till 3 Jan, it is 5 days dividend at 4.88%.
Anywhere I like your calculation of 6.10% & hope this is a hint for 2022 dividend.

My bank stat show debited on 29/12 & credired on 4/1
EPF stat did not capture these 2 trans.
Sorry used up my 3 post today as new member. Will resume later.

Won’t work.

If you do like that , T20 will just withdraw the money until the level they can get the highest dividend.

For example , first 500,000 full dividend , those with millions will empty their epf until 500000

It’s going to trigger a bank run , which means EPF will forced to pay lower dividend - totally defeating the intention of paying more dividends to B40

Correct.i have done my research, ask some questions here in forum. Open CIMB SG account is just click click online. Need a small amount only. Tarak susah pun.
Open an account with Interactive Brokers also not difficult.

Last last you don't want all these, Rakuten also can buy US stocks now...what excuse mau beri lagi?

Of course when when we are discussing diversification to oversea assets, we assume that they can afford to do so.

Even then. one can remove a bit of EPF such as those i removals, and invest some of these in foreign currencies.

Not advsing them to move all of their EPF over. But to DIVERSIFY.
I started my foreign diversification quite recently in 2008/09 to SG.
So far, it has worked as far as hedging against the poor MYR is concerned. That is the only objective of my diversification, ie that is hedge against what we know is a depreciating currency.

And from the charts since the 70s, SGD has been on a perpetual uptrend. This lends some perspective to the future.
Nothing is for sure. But it seems to be still the status quo for SGD/MYR ratio. Uptrend.

Just forex alone, SGD/MYR is 3% CAGR since 2008.

SGD long term treasuries last 10 years is average 2%.

GBP, EUR, JPY?

Cant remember now, think they all did better than MYR, maybe except Yen.

if PN gov i guess everyone will be happy
1. epf withdrawal
2. gov sure top up more than 500 for those with low saving
3. dividend sure high

Here's your tiered dividend. Extra ~5% for those below 10k.

Maybe not directly. But...gov borrow from EPF Rm1bil and pay these EPF holders the 1bil and give EPF 4% interest rate.
Is this from div pool? Maybe not.