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 EPF DIVIDEND, EPF

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Ramjade
post Jun 4 2016, 05:28 PM

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QUOTE(wongmunkeong @ Jun 4 2016, 04:18 PM)
oh - for UT funded via EPF?
but er.. what's that  gotta do with PRS?
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Isn't withdraw from account 1 > invest into PRS only? (since we cannot touch the money directly until one reaches retirement sge). So if we choose a Syariah compliant EPF account, withdraw from Syariah compliant EPF account 1 > Syariah compliant PRS ONLY. No?


Sorry if wrong. Noobie here.

T231H
post Jun 4 2016, 05:32 PM

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QUOTE(Ramjade @ Jun 4 2016, 05:28 PM)
Isn't withdraw from account 1 > invest into PRS only? (since we cannot touch the money directly until one reaches retirement sge). So if we choose a Syariah compliant EPF account, withdraw from Syariah compliant EPF account 1 > Syariah compliant PRS ONLY. No?
Sorry if wrong. Noobie here.
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Can I withdraw from my EPF to contribute to the PRS?

The PRS is a supplementary form of retirement savings in addition to the EPF and is voluntary in nature.
Members are not permitted by law to withdraw from EPF to contribute to the PRS.
http://www.ppa.my/prs/prs-faqs/
wongmunkeong
post Jun 4 2016, 05:45 PM

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QUOTE(T231H @ Jun 4 2016, 05:27 PM)
just for discussion sake.....is it possible....??
with the syariah EPF things...
if the amount of RM (a lot of people switched) are in Syariah compliance....
more Syariah Eq stocks will be supported by EPF
less Non Syariah EQ compliance stocks will be supported by EPF....

will there be affects on the non syariah compliance stocks prices in M'sia Eq?
I did not follow on stock markets.....just checking, is currently those non syariah compliance KLCI stocks supported by EPF?
if they reduce the % of holdings in those stocks b'cos the amount available by the EPF money is reduced for conventional type.
possible "cheaper" non compliance stocks prices?
thus affects some other investment like UTs?
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i welcome the volatility if it happens - else no chance to buy things like NESTLE on fear tongue.gif

anyhow - i'm asking whether EPF has a direct control over PRS now with such Syariah thinggy
pretty non-compliance leh if true
wongmunkeong
post Jun 4 2016, 05:46 PM

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QUOTE(Ramjade @ Jun 4 2016, 05:28 PM)
Isn't withdraw from account 1 > invest into PRS only? (since we cannot touch the money directly until one reaches retirement sge). So if we choose a Syariah compliant EPF account, withdraw from Syariah compliant EPF account 1 > Syariah compliant PRS ONLY. No?
Sorry if wrong. Noobie here.
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whuh.. nangdayo... U got them antennas crossed leh
PRS is NOT from EPF a/c1 withdrawal investments
whew.. scare me only
Ramjade
post Jun 4 2016, 05:49 PM

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QUOTE(T231H @ Jun 4 2016, 05:32 PM)
Can I withdraw from my EPF to contribute to the PRS?

The PRS is a supplementary form of retirement savings in addition to the EPF and is voluntary in nature.
Members are not permitted by law to withdraw from EPF to contribute to the PRS.
http://www.ppa.my/prs/prs-faqs/
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QUOTE(wongmunkeong @ Jun 4 2016, 05:46 PM)
whuh.. nangdayo... U got them antennas crossed leh
PRS is NOT from EPF a/c1 withdrawal investments
whew.. scare me only
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QUOTE
Meanwhile, it is goes without saying that under Simpanan Syariah, the compliance requirement will extend to withdrawal for investments in external unit trusts as allowed under the EPF Member’s Investment Scheme, whereby one can withdraw a certain amount of money from one’s Account 1 and invest into EPF-approved unit trusts as long as the Basic Savings in Account 1 is met.

This means members who want to withdraw their EPF savings from Simpanan Syariah for investments in external unit trusts will also be restricted to putting their money only in EPF-approved syariah-compliant schemes that are offered by the private sector.

So these UT they mentioned are not PRS UT?
T231H
post Jun 4 2016, 05:51 PM

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QUOTE(wongmunkeong @ Jun 4 2016, 05:45 PM)
i welcome the volatility if it happens - else no chance to buy things like NESTLE on fear tongue.gif

anyhow - i'm asking whether EPF has a direct control over PRS now with such Syariah thinggy
pretty non-compliance leh if true
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hmm.gif maybe indirectly "control" local focused PRS by buying more compliance and throwing out non compliance stocks in the Klci mkt
......once the money is available and the conversion process starts ...maybe slowly as not to shock the mkts...

btw,...just found this
NESTLE is Syariah compliance stock....
item 58...page 18
http://www.sc.com.my/wp-content/uploads/en...iant_160527.pdf

This post has been edited by T231H: Jun 4 2016, 06:07 PM
T231H
post Jun 4 2016, 05:58 PM

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QUOTE(Ramjade @ Jun 4 2016, 05:49 PM)
So these UT they mentioned are not PRS UT?
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that would be in here....
EPF - Members Investment Scheme

http://www.kwsp.gov.my/portal/en/web/kwsp/...vestment-scheme

nexona88
post Jun 4 2016, 06:03 PM

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QUOTE(T231H @ Jun 4 2016, 05:58 PM)
that would be in here....
EPF - Members Investment Scheme

http://www.kwsp.gov.my/portal/en/web/kwsp/...vestment-scheme
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habis lah..

a lot of them is conventional funds bye.gif
T231H
post Jun 4 2016, 06:25 PM

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QUOTE(nexona88 @ Jun 4 2016, 06:03 PM)
habis lah..

a lot of them is conventional funds  bye.gif
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ya-lor...maybe that is part of the parcel to get another 5% up the score board ...

“Seventy-five per cent and above is very good and above 80 per cent would be excellent. We want to try and achieve at least 80 next year,” he told reporters after the announcement of the index score.

- See more at: http://www.themalaymailonline.com/malaysia...h.k1PiRvLi.dpuf
nexona88
post Jun 4 2016, 06:29 PM

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QUOTE(T231H @ Jun 4 2016, 06:25 PM)
ya-lor...maybe that is part of the parcel to get another 5% up the score board ...

“Seventy-five per cent and above is very good and above 80 per cent would be excellent. We want to try and achieve at least 80 next year,” he told reporters after the announcement of the index score.

- See more at: http://www.themalaymailonline.com/malaysia...h.k1PiRvLi.dpuf
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I wonder if non bumi will take up the shariah compliant EPF? hmm.gif
SUSyklooi
post Jun 4 2016, 06:38 PM

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QUOTE(nexona88 @ Jun 4 2016, 06:29 PM)
I wonder if non bumi will take up the shariah compliant EPF?  hmm.gif
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I will goto which ever gives me a "perceived BETTER" returns....
nexona88
post Jun 4 2016, 06:41 PM

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QUOTE(yklooi @ Jun 4 2016, 06:38 PM)
I will goto which ever gives me a "perceived BETTER" returns....
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if like that, u needed to wait for the 1st year announcement then only make decision blush.gif

okay. if 1st year better than conventional one. u convert. then the following year, it become lower. then how? u already stuck with them. u cannot go back to conventional one icon_question.gif

This post has been edited by nexona88: Jun 4 2016, 06:43 PM
SUSyklooi
post Jun 4 2016, 06:54 PM

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QUOTE(nexona88 @ Jun 4 2016, 06:41 PM)
if like that, u needed to wait for the 1st year announcement then only make decision blush.gif

okay. if 1st year better than conventional one. u convert. then the following year, it become lower. then how? u already stuck with them. u cannot go back to conventional one  icon_question.gif
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so you no convert?

okay,...if 1st ~ 3yrs,...you no convert,...."IF" Syariah is 2% pa more....after 3 yrs ,..then you convert,...then like you said..."it become lower. then how? u already stuck with them. u cannot go back to conventional one "... biggrin.gif
nexona88
post Jun 4 2016, 08:09 PM

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QUOTE(yklooi @ Jun 4 2016, 06:54 PM)
so you no convert?

okay,...if 1st ~ 3yrs,...you no convert,...."IF" Syariah is 2% pa more....after 3 yrs ,..then you convert,...then like you said..."it become lower. then how? u already stuck with them. u cannot go back to conventional one "...  biggrin.gif
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undecided for now..
surveying 1st blush.gif
dry.gif
Kaka23
post Jun 4 2016, 08:36 PM

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Terlalu awal to tell...
wongmunkeong
post Jun 4 2016, 09:00 PM

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QUOTE(T231H @ Jun 4 2016, 05:51 PM)
hmm.gif maybe indirectly "control" local focused PRS by buying more compliance and throwing out non compliance stocks in the Klci mkt
......once the money is available and the conversion process starts ...maybe slowly as not to shock the mkts...

btw,...just found this
NESTLE is Syariah compliance stock....
item 58...page 18
http://www.sc.com.my/wp-content/uploads/en...iant_160527.pdf
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dang.. ok ok GAB or HEINEKEN or CARLBRG then - guaranteed xcompliant until cuci7xwhatever tongue.gif
Showtime747
post Jun 4 2016, 10:11 PM

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QUOTE(wongmunkeong @ Jun 4 2016, 05:09 PM)
seriously leh - not teasing
if donkey EPF thinggy affects "across the fence" PRS thinggy.. i want to know leh sweat.gif
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Aiyoh...sifu want to be 100% sure thumbup.gif

Not the first time our LYN FBI resident investment student make blunders..... biggrin.gif
nexona88
post Jun 4 2016, 10:54 PM

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QUOTE(wongmunkeong @ Jun 4 2016, 09:00 PM)
dang.. ok ok GAB or HEINEKEN or CARLBRG then - guaranteed xcompliant until cuci7xwhatever tongue.gif
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those companies gonna be hit hard when the age limit for purchasing alcoholic drinks raised from 18 to 21 starting Dec 1, 2017 rolleyes.gif sweat.gif innocent.gif

also higher competition from "smuggled" liqueur cool2.gif

This post has been edited by nexona88: Jun 4 2016, 10:56 PM
annas473
post Jun 5 2016, 02:31 PM

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QUOTE(wongmunkeong @ Jun 4 2016, 09:00 PM)
dang.. ok ok GAB or HEINEKEN or CARLBRG then - guaranteed xcompliant until cuci7xwhatever tongue.gif
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Cuci 7x water also cannot. Aish
repusez
post Jun 5 2016, 05:37 PM

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i think banks will be hit hardest since they form large chunk of epf investment, don't think EPF own much of carlsberg, heineken

most likely if EPF throw the bank shares, local UT will pick it up

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