Which part hearsay. I said from first hand experience.

Is it possible to take out EPF Account 2 for paying 90% of the house purchase price ?
How long is the process ?
What documents do we need ?

it mention this part
"Bukti bayaran tidak kurang 20% daripada harga rumah"

Does this mean i need to fork out 20% for the house and 80% from EPF account 2 can be withdrawn to finance the house purchase (no financing option) ?

tell your lawyer you want to withdraw EPF acc2 and they'll CTC all the necessary documents.

For proving the "20% bukti bayaran", i didnt encounter this at all, in fact i just bring my Bank letter offer only.

actually many ppl misunderstood only can withdraw the SPA price 10%, in fact actually is "the amount you've paid for downpayment + additional 10% of the purchase cost"

Example RM 500k property, you paid 10% down RM 50k, loan RM 450k.

so you can take out actually RM 50k (the downpayment u paid) + RM 50k (Additional 10% of purchase cost) = RM 100k, or the whole acc2 if doesnt reached RM 100k.

Yes.

My situation is exactly the same as i illustrated. only the figures was different abit.

Fun fact, sometimes your MRTA & Legal fee will funded together in your loan right? EPF doesnt count those, they'll still take the nett 10% that you fork out for your withdrawal.

Example RM 500k property paid 10% loan RM 450k + MRTA & Legal fee became RM 480k loan, EPF still allow you to withdrawal RM 50k + RM 50k = RM 100k, despite your loan was RM 480k.

How much do you think is sufficient to have in EPF savings by the age of 60, assuming you own a house with no remaining loan and have an economy car

I think it means something else

RM600k gets dividend at 5%, divide by 12 months = RM2500 monthly

Seriously wonder when EPF can have options in i-akaun to transfer account 3 $$$ into account 1 & 2..

Current one is kinda hassle...
Need to fill form each time & summit to counter for approval... It's just one off for that amount... Not automatically later month...

Hi guys, i have some questions regarding Akaun 2 withdrawal for house purchase.
I have bought a house and the SPA signed on 31st May 2022. If following the criteria of withdrawal, the SPA sign date cannot be more than 3 years.

Questions:
1. If i withdraw account 2 for house purchase by let's say January'25, will I still be entitled for the full whole year dividend for 2024 year?
2. Or if I withdraw by December,'24 will the dividend pro-rated? After the dividen announced around Mar-April'25.

Appreciate any sifu advice on this, thanks!

got 2 types, lump sum vs monthly
if lump sum, follow the cut off date for entitlement

if monthly loan paymant, then the amount you withdrawn, will be put under a separate section in EPF, the amount leftover will continue to enjoy dividend

hi guys,

can I know the calculation of the dividend for EPF?

If I self contribute at 1st of the month or 26th of the month (need few days buffer before month end) , month end better or how?

thanks

The kwsp apps having issues? Unable to login almost 2 hours ..Anyone facing similar issue?

100k EOY? 

Any reason convert already cannot opt out?

My aunty went to Maybank counter, seems that if want to deposit voluntary into EPF, got 2 types of froms, either Form S or M.

Anyone knows which form to use?

y only 1 day? EPF dividend not pro-rate?

hmm... can elaborate more? what is mean by except for month of contribution? 

https://www.kwsp.gov.my/en/member/overview/benefits

EPF Dividend FAQ no. 8.