Main thing

Go check the profile page / info in new i-akaun kwsp

Got write "i-saraan" or not

Judging from his past postings in lyn and his current YT presentation, I believes he is the real Mccoy

Yes, ...from my belief.

Was the 2 deposit done using the same method of deposits ?

Via Maybank ?

I  think the dividend will be the same across all 3 accounts in perpetuity coz the amount in Acc 3 will mostly be withdrawn. The leftover in Acc 3 will be insignificant compare to overall.

Thus I think even for those that don't hv intention to take out the money,  it's good to move any allowable amount to account 3.  This will create some liquidity for emergency.

no need to speculate
no need to forecast
all we can do is tunggu saja

Many of those that make the transfer to Acc 3 is from low to lower middle income contributor.  This group of ppl likely will withdraw most of the money from Acc 3. 

Then you have groups from upper middle and upper income that hold a huge pie of contribution.
Only a small % will make the transfer thinking they do not need the money and the uncertainty of lower dividend yield at Acc 3 in the future.

Thus my conclusion is,  the percentage in Acc 3 will be less than 5%, making it insignificant for tier rate.  Plus the main reason for gov to introduce Acc 3 is to help lower income group. Thus lowering the DY for Acc 3 defeat this purpose.

Gov is also smart to come out with locking mechanism that prevent contributor from making future transfer when they realised the dividend is the same across all accounts.
Note that the transfer Window is until 31st Aug 2024 only.

Thus I think even for those that don't hv intention to take out the money,  it's good to move any allowable amount to account 3. 

Liquidity +  Emergency fund.
This out weight the risk of lower DY.
You also need discipline on money. For those who can't,  better don't.

nobody would want to touch EPF if is not the "last road" to take
there are some cases where ppl take EPF to buy stupid things but not everyone is like that
having EPF Akaun 3 does give me better assurance if i need to withdraw some money emergency i still have a place to go instead of borrow ah long / take personal load (if eligible)
I am all for Akaun 3 and i dont think everyone will abuse it
instead those have RM1.0M abuse EPF like crazy... treating it like a saving account

what you mean; is that it's the individual's problem?

Does the withdrawal at early of the month means gets less dividend for the current year ?

like this it's wiser to give higher % dividend to Account 3 to encourage people not to withdraw and lower % to Account 1 since it's locked.

Agreed to higher dividend for account 3 👍

But disagree for lower dividend for account 1 👎

Better keep status quo... Dividend rate same for all 3 account...

Anything can happen to fish votes lah. Remember the one-off $500 freebie for balance <10k?
I thought Emperor Kim only take and not give?
Tell the idiot 5.7% to 6.3% only 10% difference. For every 10k dividend, extra 1k only. Unless s/he has millions in EPF, like my school teacher used to teach - "boleh diabaikan".

We will rugi 2025 dividends on the 2024 dividends portion fr Jan to Feb if it comes in early March.

Basically one get full dividend even if the Dec contribution just 2-3 months away from dividends distribution as long as no withdrawal....

In savings like FD, you have to fork out entire sums upfront to have that annual interest.... and yet so many whine and b1tch at EPF cheat their money....

I have to re read your post few times to understand where the strong reaction come from... and yet your answer is exactly what i was seeking in my question to nexona88

You are correct in capturing my question.

My comment about some people whining about EPF cheating was in reference to those folks out there like wanting to withdraw their money before 55, complaining about low interest, all the limitations that epf has, epf ponzi etc..not able spend before they die, it's just a number on paper etc... etc ..

It wasnt referring to you... I have to reread back last few posting in case if anything on such that may triggered such reaction. My apology for such as it wasn't meant to you posting. Timing of it is just aligned 

Also based on his reply assuming one get the full 7.2k using your example assuming starting from zero. That not fair to him as the question wasn't clear to him that one started with zero in 2023 using your example.

Given your explanation, the dividend to be announced payouts will be prorated for Jan to Dec 2024 contribution.

As for your posting on the actual day of interest losses from epf, it is what it is which we can't do anything of.

Hope that clarify. 

A proper investment protfolio would have breakdown low risk investiment, mid risks and high risks according to your age, appetite and financial goals.

When everything else fails, you still have EPF as your last man standing and it's also bankruptcy proof.
Sounds great on theory, but the reality is, most people who withdraw all are usually spent it all too soon, burns it on bad investment or got scammed. Almost every week sure got one scam story. Just a few days ago a 70+ years old lost RM4 million+ to scammers.

Also, in the top elite club in EPF, there are people with over RM10 millions in  EPF....pretty sure those people will probably have a lot more outside of EPF.....likely they are financially way smarter than me. Unker small fry just follow. Maybe got a few here from the Elite club here also....don't be suprised.
Yes, unker old already, don't want too excited, later HBP attack and masuk hospital like Sabri...cukur at least no MACC after me since i only eat chicken and duck eggs and not turtle egg.  If put small portion play play, ok lah. I play a little bit of BTC previously, cannot tahan the rollercoasters. I think i stick to Sports Toto.

Only dump big @ maximize 100k yearly if you're 60yo above...

EPF become your high interest CASA 🙏

Not everyone have 1mil in EPF... To have easy withdrawal access...

So plan your movement of $$$.. don't get stuck anywhere...
My solution for the mass of population 😁

EPF is for retirement saving, not a bank saving account, and shouldn't be abused as high saving rate bank account.
The money should be intended for use after retirement age and not simply for easy withdrawal above whatever amount.

There is ac2, ac3 acccounted for 25% total amount that can be withdrawn.
So whether above 1m, or whatever amount withdrawal is not an issue at all.
Have 1M, total 250k already can be witdrawn at anytimes.

as long you have 1.1M on the 1st Jan 2025 then this issue of new threshold withdrawal will not be applicable for you
**assume no contribution after 1st Jan 2025
1st Jan 2025 1.1M
1st Jan 2026 1.1M + 5.5% dividend = RM1.16M
1st Jan 2027 1.16M + 5.5% dividend = RM1.22M
1st Jan 2028 1.22M + 5.5% dividend = RM1.29M <- you are just 10k away from withdrawal threshold yeah        

again this is a stupid way to think or plan...
imagine u really hit RM1.3M on 1st Jan 2028 but you cannot even withdraw anything from the 1.3M only the excess can be withdraw...
so please make sure you all plan accordingly the goal is not to hit RM1.3M by 2028 but to have at least RM1.6M by 2028 so you can at least have a 300k emergency fund that is withdrawable in EPF

so by 1st Jan 2025 RM1.30M to be on the safe side so by 1st Jan 2028 even without contribution since 1st Jan 2025 with dividend alone your EPF will grow to RM1.58M
again if you are actively working with steady income / self contribute monthly then you should easily exceed RM1.6M and that will give you RM300k emergency fund