that's quite well said.
once one reaches sizeable amount of say RM1mil, the snowballing grows much faster.
if one is still an active contributor, chances are the epf amount will grow at 6 digits annually based on own contribution + dividends received. if the person does voluntary contribution, the snowballing grows even faster.

i think some members even grows their epf by 7 digits every 2-3 years or less.

Then every 3 years (2031) <--- Didn't find this part in the article, or did i miss it?

Pelarasan di Masa Hadapan untuk Mencerminkan Kos Sara Hidup
Tahap simpanan RIA akan disemak setiap tiga tahun bermula pada 2029 menggunakan data terkini daripada hasil kajian Belanjawanku agar terus relevan dengan peningkatan kos.

Thanks. So based on my understanding, they only mentioned after 3 years which is 2031, they will review again (instead of confirming after 2031 will increase 100k again each year for 3 more years), it could be no changes or have changes.

Wow!
5.5 million in EPF now! 

EPF boss, pls share at what age you hit 1 mil, 2 mil.... 5.5 mil 

Nice wei... that 330k plus self voluntary 100k = cool 430-450k increase annually ...

I gonna quit this thread very soon
Too much flexing from members here
Me old and barely surviving
Kids young
Wife still young later remarried take my epf money how?
Better don't think too much

Whether 1M or 1.3 M actually is not an issue at all.

1. There is ac3 and ac2 for withdrawal purpose which already accounted for 25% of the total EPF.
2. If the person already has 1M, means 250K is withdrawal. Siizeable enough already.
3. EPF is not a bank saving ac, which shouldn't been treated like can be withdrawn simply or likely.
4. A person with 1M EPF likely has other asset, liquid asset can rely upon if not reaching retirement, so likelyhood doesn't need to withdawal flexibility more than 25%.
5. A person with 1M EPF, most likely approacing mid 40 or later age, whereby retirement age that able to withdraw whole lum sum anytime is not far away, while 25% actually withdrawal at anytime as stated 1).

Based on number and purpose of EPF, the anxiety of unable to withdrawal whether above 1M or 1.3M is unwarranted.

I know you use “” but why set a withdrawal threshold of 1m in the first place? Wouldn’t it be tantamount to being treated as a FD for people with such excess? Hence the feeling of misled.
Anyway what’s done is done. I prefer to advise him to find other means. ASM was a good option, shame it’s actually a pain to buy anything above 4 figures.

That is the only scenario that i will withdraw lock, stock and barrel from EPF.
You are describing me!   
The EPF is a very nice bond like cum savings account for me in retirement.
Guaranteed minimum dividend on guaranteed principal sum. I can withdraw anytime, any amount subject to conditions.
Very nice indeed.
It's can be considered a bond investment in one's retirement portfolio.

AND i have no car since i have been using company car for the last 35 years. 
So i am withdrawing 200k for a new car next week. 

Convention to be higher..(as per 2 Jan)
Ha ha ha
https://www.bharian.com.my/bisnes/lain-lain...ingga-6-peratus

Epf should give 2 tier dividend though...

55yo & below x%

Above 55yo x+2%

Logic is ppl above 55yo are more dependable to dividends to survive.

If you say it don't make sense, then you can observe Singapore CPF is doing the same by giving +x% to retirement account above 65 y/o. I think that's the international standard, maybe yours is not really common sense 

it's not about being top funds, but about engineering a harmonious society. If you think epf is just about getting the highest returns, then you're dead wrong, epf has a social mission too, otherwise it will not be called epf

the goal is not just for retirement. If so, how come epf allows withdrawal for housing, medical expenses and so on? CPF also have this aspect as well.

Provident fund goals are about about harmonizing the society not just for retirees, but for all members at each stage of their lives. The recent introduction of flexible account is just EPF taking one step further due to the deteriorating financial conditions of a majority of malaysians, the step that cpf did not take because their economy is still relatively healthy. That said, I may disagree with epf's account flexible because it is just treating the symptoms and not the root cause, which is malaysian's unusually low salary. Nonetheless, I understand the rationale of introducing this account as one of the many keys of harmonizing society 

every malaysian is entitled to epf, nobody have to give up on anything no matter your status, whether you're rich or poor. You're just trying to argue for the sake of argument and in bad faith. please take these bad faith arguments to /k instead 

The man in his 60s, who wanted to be known only as Tee, said he had used up almost all his savings from the Employees Provident Fund (EPF) totalling RM900,000 and borrowed almost another RM480,000 to invest a total of about RM1.38mil in supposed initial public offerings (IPOs) in China.

Do you have the full article??

I don't have access to it...

This is related to epf dividend?

https://m.malaysiakini.com/newsletter/732130