In other words the millionaires park in EPF because of reasonable consistent returns at no risk

and without having to do any monitoring whatsoever. Its a heavenly position to be in.

There are many other instruments like the local share market that may give very high returns only

to be siphoned back in due time. Can make 30 pct in 1 year and lose 40 pct in another turning out a

ten year average in negative territory. EPF ten years average is positive 6 pct. However there are those

who performed better than EPF but I can assure you its not easy.

Open tender means just open to public rather than direct nego. To participate you need to submit your bid. First you must be whitelisted by ministry of finance. This means your company is qualify base on capability and your track record in finishing project and payment is clean. Second, even open tender, bumi get 10% advantage. Meaning if a Chinese company bid 90k, and a bumi listed (doesn't mean bumi.. just they register that the boss is bumi) bid 100k, bumi company still get it. This is how the government tender works all these while.

c) with just 1 time work at initial setup stage, your parents can keep their funds in EPF earning X% dividend rate up until the date of withdrawal, and your parents can choose any amount to withdraw at any time they choose via online. No need to walk in to office also.

Example of ©, lets say monthly expenditure is 15K rm.
If you take out 15K rm immediately on 1st of June, the 15K rm earns dividend rate up till 31 May.

instead, if take out 3.5K rm on 1st of June, and then remainder 11.5K on 8th of June, the 11.5K rm earns dividend up till 8th of June.
11.5K rm for 7 days extra at 5% pa (example) =  extra 15 rm to buy 2 chicken rice for both parents to eat.

Kwsp topic is now everything topic 😆

Anyway...

They give withdrawal or not

Tier dividend or not...

EPF is for long term...
There's no rights or wrong to it...

It's one of the risk free "investment" with guarantee 2.5% return (normal non shari'a).....

I think government allows surgeons to do locum. Otherwise there will be no surgeons in civil service.
Many government surgeons are better than the private ones over here.

After SSPN success, Bersatu vows to tackle EPF withdrawal issue

Bersatu supreme council member Datuk Wan Saiful Wan Jan, who is Tasek Gelugor member of parliament, said the next step would be to see that people were allowed to make targeted withdrawals from EPF.

"EPF is contributors' money, not the government's.

"The people must continue to speak up. I will continue to speak up. No matter what pressure they put on it, let's not let this tyrannical paradise government act at will to deny the people's rights."

https://www.nst.com.my/news/nation/2023/03/...ithdrawal-issue
politics at it's best....
fav issues among the major people 

Politicians abolishing GST are selfish politicians doing it for their own interest at the expense of the country. So I never believe these politicians can be better than the one they wanted to replace.

EPF loans facilities updates 😁

https://www.freemalaysiatoday.com/category/...n-how-it-works/

Banks involved as for now... BSN & MBSB 🙏
They would process your application

Start April 7

Check your qualify or not
https://fsa2.kwsp.gov.my

Did u even read boss??

7 April best time (actually 5 April also can but I doubt system can handle the traffic or not 😁)

it's a loan.... which EPF collect 4-5% good for us for dividend collectors.
No loss for EPF also since they default take from Account 2 if they default.

i agree.. when i was young my auntie then 55 sharp sharp withdraw all EPF so scare. then i went opt for increase epf contribution say i bodoh blah blah..
now i retire.. still same ask me why i no withdraw fast fast. i inform her not only did not withdraw... i top up 60k annually.
where to find a better than fd solution?

U know what sone parties would says with this new 100k EPF limit??

Kaum C monopoli KSWP...
Golongan kaya menjadi lebih kaya...
Jurang kekayaan antara B40 dengan T20 meningkat luas

Basically blame T20 Chinese
Simple as that...

Also...
We ask for 10k withdrawal but gotten increase of 40k for self contribution instead 😁

Many got pension but never openly mention only. Using epf as the only yardstick as the retirement fund is not wise. ASB and pension are already sufficient to survive.

a quick and noob question, the 60k extra contribution have to put at eh beginning of the year or can be at the end of the year to enjoy next upcoming dividend? they count dividend by how many days your fund in the account? my apology in advance if this question was asked before

Last Friday of the month must in your account..

So basically By last Wednesday must online banking them the $$$...

Saturday & Sunday no work..
And $$$ won't credit... Monday only in (if this is next month)..

Need to adjust accordingly 🙏