4.9% for me

Nope. The likely rates will be at 5% to 6%. This is like 99.99999%

So furthest from Dividend is still you...

Better pump up the panjang....😂😂😂

Probably this round PMX will announce the dividend while tabling budget

Updated...

This one looks better! 

Methinks kechung missed out the inches unit. 

O my..........

https://www.thestar.com.my/news/nation/2023...h-a-second-look

PETALING JAYA: The recommendation by the World Bank to increase the Employees Provident Fund (EPF) withdrawal age from 55 to 65 years should not be cast aside completely, although some experts question whether it is suitable for Malaysians.

Sunway University director of the Economic Studies Programme Prof Yeah Kim Leng said the recommendation is worth considering given that the retirement age has been raised to 60.

“Contributors who are still employed and receiving wages may be prone to imprudent or excessive spending if allowed full withdrawal five years before retirement.
“Special needs whereby the withdrawals will enhance their financial well-being without compromising their retirement needs, such as paying off mortgages or investing in an annuity that provides greater security during old age, can be looked into by the EPF,” he told The Star yesterday.

However, he added that the EPF would need to mount engagement sessions and gather feedback from contributors.

On Thursday, the EPF stated that it took note of the World Bank’s suggestion but had no plan to increase the withdrawal age for contributors, as every major policy is addressed in a prudent manner.

Prof Dr Chung Tin Fah of HELP University said the World Bank’s proposal to gradually raise the age of EPF members’ full withdrawal is aligned with an ageing population scenario where the retirement age may be raised.

“Many countries have already raised their retirement age and will continue to do so for those who are healthy and willing to work.

“A productive workforce is better than just being dependent on a narrow workforce defined by age. This cannot be done without also raising the retirement age,” he said.

Chung believes that gradually raising the withdrawal age is a good way to avoid panic.

He added that EPF, as a responsible institution, could not raise the age requirement unilaterally without prior approval from the government and other stakeholders.

However, Malaysia University of Science and Technology (MUST) economics professor Geoffrey Williams said the current policy of the EPF should be retained and any changes should be made as part of a full review of the pension policy.

“This should cover EPF and all other pension offers.

“Many people have made plans to withdraw at the age of 55, possibly to transfer into other, better investments,” he said.

Williams also argues that the World Bank’s approach of working longer and saving more does not work in the Malaysian context.

Same her bro. I am already 60 but still working.
When i retire at last, i will do monthly withdrawals for expenses.

https://www.thestar.com.my/news/nation/2023...ng-out-of-funds
but in this forum all kaya-kaya lot of funds in EPF.

same like during MCO, read news...all say ppl no money, white flags la.... but all new houses (landed) fully sold. go holidays like no body business when no more MCO.

oh.... i just tried to find in kwsp site... could not find anything that explains this...

would you happen to have the link still?

nonetheless, my strategy is always to withdraw each week the amount I need for the week or to top up my 10K rm buffer in my savings account. No point "losing" out on free dividend... 

no lar... the 10K rm is buffer.... cos even request withdrawal from EPF takes 1 to 2 days...
and to make life easier, should withdraw like in chunks of 5 to 10K... don't lar each time withdraw 500 rm and almost every other day.

I am sure some EPF employee will notice and then curse me for the transactions. haha

Later thumbprint she become will holder only and she give you poison wine how?

Unker, you eat like that. Later need withdraw 100k every month for Hospital fee.

Don't be penny wise, pound foolish. Old oredi, ok to spend your money and keep your health.
Yes. But i am all for tiered Golden Age Dividend where > 60 years old gets higher dividend. Old oredi mah, kasi banyak sikit lah...

epf money is not for us to use, it is for our childrens... 

After age 55 can still make voluntarily contributions into EPF acc?

Just to add to what MUM said. Read this link and it should be very clear here

kwsp self contribution page

For topping up until after 55. If you still working and contributing through normal worker route, i-saraan and so on, after 55 account 1 and 2 merged into account 55 upon where you can take out as many and as frequent as you like and the kwsp paid through work/i-saraan will go into account emas that can only be withdrawn when you hit 60 years old. That account emas can contribute until 75 years old. Topping up only until 55 into account 1 (coz you no longer have account 1 and 2 by age 55, edit to clarify. You can still top up into account emas until 75 years old). That is my understanding from the kwsp website. Correct me if i am wrong
Today Sunday boss. We all sitting at kopitiam waiting for you to come belanja us roti canai kosong and teh tarik.

Not that easy also for civil servants 🤦‍♀️

I remember someone who did it before told me that they need the DG and minister to sign off before it is approved and it took almost 3 years just to do it

So don’t think it is that easy because those who left civil service must make sure they meet the requirements 1st before they do it

Me no SEO but a kuli who got lucky and retired early 😂

Financial for me still in elementary level otherwise I would strike big a long time ago but again Lady Luck smiling on me

Unker still not late to gain knowledge as everyday is a learning day 👏