Does it mean that (assuming can) 100% deducted from salary, one can still top up max of 60k under self contribution?
Ex: if salary is 100k, 80% (80k) contributed under salary, then can still contribute another 60k under self contribution?

Indeed; these methods ((caruman sendiri (60k max) & caruman IWS - employee)) are avenues for those not eligible for ASB funds… it’s liquid for those above 55years old and >1M.

The same group of people or would tend to have this line of mindset, I would say

1. They want to increase limit of the contribution to EPF, 60K or all kind of systematic abuse from employer side contribution or whatever
2. They want to preserve wealth in EPF buy passing around the money to transfer to their kins account or so on
3. They are very against the tiered dividend proposal hoo haa drums by the press and some writers

These are bunch of group my selfish interest first and only the rich will think of.

I would say if EPF allows 1. Unlimited contribution, and 2. Wealth can pass around in EPF to another account.

Then I would say option 3....Tiered dividend, to be FAIR...to be fair ya, EPF to implements it. Fair point?
YOu can stuff 1 milliion into EPF unlimited contribution, you can pass and transfer to whoever you want kids, daughter, son, favourite aunt whatever...

but then the higher your account, you get a CAP % (tiered) of that amount.....the investment dividend return EPF got out of that income then increase to the B40 or the lower.

Let say, this year EPF announce those below 100K in account gets 8%, between 100 to 1million 6%, above 1 million 4%.....fair deal? Then EPF really need to work out, and the Gov also need to see...can they get inheritance tax, so on, all party of interest will definitely comes in when talking about pie distribution and about money...will attract bosskur attention

A fairer implementation would be to only subsidise those above age 45 with consistent working contribution of at least 20 years and not a civil servant or pensioner and not done any withdrawal before with a fund size below 100k. I think it would wipe out at least 50% to 70% of those eligible.

because that's how tax works too. the more u make, the more u contribute.

correct.

as a matter of principle... I will 100% withdraw if forced to tier...

but for now plan to ask wifey put 100% salary into epf...

https://www.freemalaysiatoday.com/category/...sia-says-najib/?

This joker will push for tiered, anything to stay out of jail and keep his followers happy. Did anyone understand his proposal - it seems to be based on new contribution? Up to 100k only.

Here we go again, more on the tiered dividend issue. I really hate it that these journalists keep harping on this.

https://www.theedgemarkets.com/article/spec...ngs-epf-members

why not just put everything in EPF to get 5-6% compounded return? 

I leave very minimal in my bank account, but in some ways, I feel a bit poor. Call it negative wealth effect. 

https://themalaysianreserve.com/2017/03/31/...-pembinaan-pfi/

Is this TRUE????????????

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The Employees Provident Fund (EPF) has loaned RM25.29 billion to government-onwed construction firm Pembinaan PFI Sdn Bhd, with the loan is guaranteed by revenue from leasebacks from the Malaysian government.

Prime Minister cum Finance Minister Datuk Seri Mohd Najib Razak added the EPF has also invested RM200 million in debt-ridden 1Malaysia Development Bhd (1MDB), in a written parliamentary reply yesterday.

These two transactions are among EPF’s total portfolio exposure in government-linked companies (GLCs) totalling RM79.99 billion as of March 31 this year.
He said EPF’s financing exposure in GLCs was in the form of fixed-rate loans and bonds or sukuk subscriptions were part of it, based on government guarantee, asset mortgage and bank guarantee.

Pembinaan PFI Sdn Bhd has racked up debts of up to RM26.6 billion in just seven years since its inception.

The Finance Ministry Incorporated-owned “special purpose vehicle” set up on Sept 28, 2006, the company was aimed at acquiring capital to fund development projects and programmes identified by the government.

According to the auditor-general’s report in 2013 (Series 3), Pembinaan PFI had the third highest liabilities among all government-owned entities at the end of 2012.
On overall EPF’s investment in GLCs, Mohd Najib said the investments were aimed to provide stable and consistent returns in the long term.

More than 50% of the investments were in fixed-income instruments, which encompassed Malaysian government securities, level coupon bonds as well as loans and bonds for domestic and global mandates.

As such, he said EPF’s investment returns naturally would be influenced by interest rates movement and inflation.

“Since inflation rates have increased since 2009, EPF will continue to invest and diversify its investments in equity asset class and inflation comprising real estate and infrastructure in line with its strategic asset allocation in order to generate an optimal investment returns at an appropriate risk,” he added.

https://www.malaymail.com/news/malaysia/202...facilit/2053895

5.3mil application from around 11mil members....
payout around rm40bil 💪🤑

I am one of the few who withdraw. Looking to transfer it to Google or BlackRock.