Yes. Super.
Much better pay.

Australian residents must declare and pay tax on their worldwide income (that is, income they earn in Australia and from overseas sources).

KUALA LUMPUR: The Employees Provident Fund (EPF) has turned to the Ministry of Finance (MoF) directly after a government guarantee scheme provider rejects the plan to cover defaulted loans under the EPF Account 2 Support Facility programme, sources said.

According to the sources, a proposal was made that Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) be roped in to provide the necessary fund for the matter but was turned down by the Finance Minister Incorporated (MoF Inc)-owned firm.

"A due diligence was carried out by SJPP for the matter including reviewing the terms and conditions of personal financing under MBSB Bank, which, at the time, was the only participating bank offering the facility."But the proposal did not materialise.

"This is especially because SJPP does not cater for personal financing. Its claim fund would not be able to accommodate additional non-performing loans (NPLs)," a source told NST Business.

"A due diligence was carried out by SJPP for the matter including reviewing the terms and conditions of personal financing under MBSB Bank, which, at the time, was the only participating bank offering the facility."But the proposal did not materialise.

Old news? MBSB Bank is the only bank ??

15 April BSN already accept new application. Today already 17 April. 2 day pass already still report MBSB the only bank...

Anybody received the i-saraan gov incentives yet?

the RM300 will be paid by Gov or using EPF earned money to pay?

Finish September already- anyone received the I-saraan government incentive?

The issues is on i-saraan....
Would those below 18yo qualified???

15% isaraan rebates spread over 40years is ~0.375%/year using simple maths. After 41years at age 55, what will happen to MYR? 43years ago 1.02MYR=1.00SGD.
Personally i wont do it for my kid.

ROI looks high for the 1st few years cos of the one time 15% (15%+5.2+6.1+5.0)/3=10.43%, but u cant realise it n withdraw, have to keep it there for 40years.
I was initially tempted but after calculation it is not for me. Anyway my kid not likely to work here.
U have to treat each deposit of rm3333/year separately cos we want to see the effect on this 3333 not next 9 years' deposits (they r treated separately).
In 2024 u deposit 3333 n get 500, assuming 3333+500=3833 starts from January n epf dividend is 6%, your EOY balance with div for 2024 will be 4063.
Every year for the next 39 years assuming u r getting 6% compounding will get u a final amount of 41790 equivalent to ROI of 6.15%, 0.15% more than the 6% only.
Bare in mind the money is stuck there for 40 years. As a comparison MYR has depreciated against SGD at >3%/year.

Each person 10x 500.
Put in 3334 each year to get 500.
U have to calculate the ROI based on each 3334 deposited cos it contributes the 500.
1.03^43=3.56, in 1980 MYR=SGD.

Sorry not comfortable to download zip file. Just show as image file here.
Starting age, assuming div % ?

read above link and this too.
https://www.freemalaysiatoday.com/category/...tment-says-epf/

what is still surprising is with 38% foreign inv, RM weakened so much, yet return is 8+% only...??

there must be some other explanation not highlighted yet.

if RM was steady, it wud be normal, pretty good.

RM lost 6% to the $ in 2023, US markets at record highs.

maybe they picked the worst ones?

That msci index returns is increase in value. Not realised gains.

Epf diviends works on realised gains from actual.selling of their portfolio.

So its not apples to apples.