Got that too...

But using banks internet banking application to top up 😁

Using EPF own system faster credit??

Oh...
Transaction can be done & completed weekends too...

Good to know...

All these years...
Using banking online apps only...

Didn't bother of using EPF own i-akaun for topping up....

Lowyat forum is the best place to pick up many knowledge especially financial management and investment. I joined this forum since 2010 but unfortunately my old account was lost somehow and I needed to create a new username Do lurk here more often as many sifus here share their precious experience and knowledge.

Bond! James Bond.

Jeng, jeng, jeng, jeng!

Bro, quite a lot of people start at B40 without silver spoon, including me. I've worked as sales assistant, waiter, clerk, etc. earning below 1k (with EPF)
Then working full time, take evening/night courses part-time. Since pay with own money, discipline and commit to attend all classes no matter how tired. Even if heavy rain, traffic, etc. Ride kapchai since cost & time & parking saving instead of driving car. Don't give own excuse. Submit each and every homework, assignment, project.
Repeat for many years until graduate. Really no life, no partner, no go out with friends, no entertainment, nothing! Cause no papparich or rich mama. No tongkat. No scholarship.

Then work to find ways to go higher to get better package. Get out of comfort zone in same company or same job.

Slowly grow EPF savings. Then top-up more. First aim 100k takes decades then. Then target 200k, then 300k, 500k, 750k, 1M ... now target 2M ... the compounding effect is greater the more you have. First 100k really can't see light. From 500k to 1M takes just years, much faster than 100k to 500k. 1M to 2M based on my projection, will take less time than 500k to 1M. Power of compounding.

Everyone has different lifestyle and spending. Start tracking your daily expenses, into monthly, then yearly. Then for few years.
Assuming 3M @ 5%p.a. = 150k = RM12.5k/mth
Factor in some inflation maybe worth half only like 6k/mth, enough for your spending ? As we get old, we can't eat rich food or drink too much already.

Some 2k/mth also more than enough for their lifestyle. Some 50k/mth also say not enough. In Malay, "ukur baju di badan sendiri"

the biggest issue getting old is medical... can wipe out all your retirement savings

calculating effective interest rate is always not that straight forward
like you borrow 1200 for 12 months with the interest rate of 2.75% it really means that 1200 x 102.75% = RM1233 (33 is interest)
Then RM1233/12 = RM102.75 (monthly repayment) and end of the day in total you just paid RM33 as interest yet the effective interest rate is not 2.75% but higher.

can someone help me to count a simple effective interest rate?

Search properly already. Only the website one got. The apps both Maybank2u and mae don't have. I use search function both epf and kwsp and kumpulan bla bla bla.. don't have. Dunno why. The website log in one got. Key in epf terus come out. Just the apps for both old and new does not appear.

Put it on 1-June, and new balance relfected this morning.

As a very rough rule of thumb, EPF needs approx RM9b+ to pay for every one per cent of dividend.

based on the news, total investment 1.04tril. and total income = 15.6bil. for 1Q. assuming 4Q=64.4bil approx. 6.00% of total investment (before deducting other costs).

amended...

Agree. I plan to do that. Since it’s based on employment income not passive income or capital gain.

Just some info...
Previously my unemployed friend applied for brim benefits....he told me that he got rejected bcos he was found  to hv 2 registered businesses...registered as director but he is not getting any income from that businesses...
No income, no govt assistance, ...deep shit only from his past accumulated saving

And I know what gashout means - some may be many miles away from Malaysia, but interestingly, Malaysia is always close to their hearts.

Sometimes, those who stayed behind must understand that for those who didn't, they left not because they disliked Malaysia, but because Malaysia's policies disadvantaged them.

Thanks for making it clear to people staying in Malaysia who think everyone who has left Malaysia has abandoned the country.

Not at all. They care about the country a lot  :thumbsup:

I'm thinking around 5.5% - 5.8%.

The results of 1Q23 looks better vs 1Q22, but it pales to 2021, so just predict its gonna be somewhere between both.

if 2h 2023 same 33bil, then whole year 66 bil... assume 2023 AUM 1.1tril and declare all income of 66 bil = 6%

so probably 5.8-6%...unless 2H 2023 can have higher income

Totally agreed.
Unless you already hit 100k, otherwise never ever put in ASM.