My understanding is as below ..

EPF interest is daily rest. So if withdrawal is made on 2-6-19, then you get the 1-1-19 to 1-6-19 interest.

If you withdraw on 2-2-20, the interest for the whole of 2019 and 1-1-20 to 1-2-20.

My advice is

if partial withdrawal, can do that any time.

if complete withdrawal ie closing EPF ac, then better wait till 2019 interest is in there. To avoid chasing them to back calculate the earned interests etc. Maybe hills of problems to do that if the account is closed.

Good luck!

My 2 cents on EPF and govt ...

Is there a link? Most likely yes.

First, I think one of EPF's (hidden?) missions is to help the govt by catalysing the domestic market growth besides giving good dividends. Govt helps it by giving cash cows to EPF. Those top guys there are appointed by the govt and will try to follow the direction and current sentiment set by them. Just imagine giving 2.5% for 2019 (even if the market was really that bad), followed by the uproars in the streets, houses, coffee shops, malls, webs, etc. Most likely the top guys will be leaving the job a week later due to ill health.

Secondly, I am extrapolating from fund companies to EPF here, think there is a set lowest limit EPF has to invest in the local shares market. Learned from a seminar, fund companies are required by law to invest x% of their funds in local shares market at ALL time (x= 70%? 80%? 90%?). How important is this? Say the stock market crashes, some companies will prefer to cut losses and cash out. If many companies do this, the market will drop deeper and faster! Don't know whether there is a similar law for EPF, ie, they have to keep x% of their allocated fund in the share market regardless of the market condition.

If you look at some of the companies EPF has invested in, you will see some big purchases AND sales by EPF on the SAME day! Isn't that a waste of money for the transaction fees? Maybe EPF is exempted from paying fees? I think the purchases and sales by EPF on the same day are due to different fund managers they have and they strategise their investment differently. But I wish these fund managers will discuss, analyse and challenge together before doing the buy-sell of the SAME company on the SAME day. If friends here know the secret on why they are doing this, please share. Thanks.

My 2 cents, just my view, open to correction. Cheerio.

Dont know how many % of the AK55 one can withdraw when one reaches the age.

Best to go to EPF and clarify the problems.

https://www.thestar.com.my/business/busines...nd-payout-poser

Result is out!

No lah. Have a read nonetheless.

Statistically, it says a diff story.

I think the % has been decided days or weeks ahead of the announcement. I remember in the recent past when the top guy mentioned in a press release that the rates would be x to y for normal EPF and q to z for Islamic EPF. Later, the global economy took a dip down south. Days later, the official rates were announced. The Islamic rate was even lower than q. The top guy would not be making such a careless mistake considering that it was the first year result for the Islamic EPF.

You have inside infor (maybe work there?) but I still link towards the thinking that there are some political jugglings on when to release the news once the data is ready, either to bring more smiles to our faces or to minimise the soar faces. My 2 cents.

Cheerio.

+ Pakatan Harapan (PH) presidential council meeting on Friday (Feb 21).

Hoping for double GOOD news!

EPF dividend is daily rest. If deposited on 2 Jan 2020, then you will get 364/365 for 2020's year dividend.

ASX is monthly rest.

Strange. That was what I was told when I went to the EPF office some years ago.

Also, my spreadsheet checks on the dividend I got (based on daily rest) have been very close to what was in my account (down to the cents).

Rather quiet here today ... the calm before the storm?

Check your account. It is in there.

Call me super superstitious, feel that some hidden political fingers in there kept it just below ASB's 5.5%. And also with some help from hidden savings in the past years.

Can expect to see the EPF % and ASB % cross over in the coming years if the current govt stays.

After knowing the 2019 % figure, curious to know the relationship between the announcement dates and the % figures, if any. So decided to do a t-test. Results as below.



By no means is this 100% conclusive. Only an indication from one angle. Population size is small with only 14 sets of data. Limitations in t-test, statistics, interpretation, etc.

"The lower the P value, the lower the error rate. For example, a P value near 0.05 has an error rate of 25-50%. However, a P value of 0.0027 corresponds to an error rate of at least 4.5%, which is close to the rate that many mistakenly attribute to a P value of 0.05."

There are other more powerful statistics methods to analyse this. Would like to see and learn from others here.

Sharing here for those who are into numbers.

Cheerio.

Thanks.

Chasing me away from this forum? Hope not. Ha.

A learning platform for me here. Also, ask for help here when I dont know the answers on EPF thing.

Cheerio.

Yes, less active now in Lowyat forum. More reading here than replying.

All the best. Cheerio.

Agree with you, should be the same rate for all accounts.

Save so many years and get a lower rate? Not fair.

Just done my survey.

Very disappointed with the survey, as if it is compiled by students. Questions they ask, given data can be confusing to some (unless one is familiar with EPF working).

Feel that they want to make some changes and are using this survey to justify the changes, regardless of whether the survey supports their agenda.

Feel strongly against the 2 tiers dividend. Every RM should be treated the same.

Interesting.

Like to do a quick check to see the effect of this 2 tier vs 1 tier.

Looked for % EPF amount by shareholders on the web. Cannot find any. If you know any please share here. I.e.

RM
50k x%
100k y%
200k z%

Then I can estimate what is the impact to the rest if they increase the 50K group dividend by 1% at the expense of others.

maybe the impact to others is little (say, 0.1%) while the 50K group gains a lot from the 1% increase. Then that may be worthwhile. Helping others without really suffering a big loss on others.

Cheerio.

Bingo! Thanks.

Did my quick rough check using 2 cases.



Case 1

The group < RM20,000 gets higher %. The impact on the rest is small as the load is spread over a large group.


Case 2

The group <RM500,000 gets higher %. The impact on the rest is huge as the load now is spread over a much smaller group.

This is not 100% correct as what they have suggested is like this, say RM900,000, the first RM500,000 gets higher % while the remaining RM400,000 gets lower %. I have not included this as I do not have enough data refinement to do that. Eg how much is RM1,000,000?

P/S This is my ball park estimates. I can be way off the mark.