inb4 acc3 can be manipulated as UBI

Well, no choice then if liddat, better late than never.

Immediately after they inform, withdraw NOW😆. Only can do damage control, damage alrdy done no choice.

I highly doubt they will do it like this la because backlash will be so great and government will also be impacted. Politicians won't allow this to happen

That is probably why there are people that wanted to transfer out from account 3 and does not want to treat it as high yield savings account.

But if Those that does to treat account 3 as high yield saving account is also ok.
But just have to remember, one does not know how much dividend rate will be given for account 3 in advance.
Does one knew how much yield one would get from high yield saving account in advance?


This post has been edited by MUM: May 22 2024, 09:07 PM

definitely announce the Account3 dividend only when Mar/Apr time frame.

Well...

EPF did give out hints about account 3 dividend rates moving forward... Would be lower than the other 2 account...

So be prepared...

Your choice is either withdraw & get better return elsewhere or Move the $$ into account 1 or 2 ASAP...

But this is makan UBI sendiri....

Sorry if this has been asked before. Would like to clarify a bit on my understanding of this Account 3.

I see from the i-akaun page as follows, meaning if we opt to do the transfer now, only 1/3 of the amount in Account 2 will go to Account 3 right?



But in the monthly contributions from now onwards, all will be split into the 3 accounts at the 75/15/10 ratio?

And how about if I want to move the amount from Account 3 back to Account 1/2? Will all the amount go back to Account 2? Or it will be split between Account 1 and 2? And are the any limits or conditions for moving back from Account 3 to Account 1/2?

Thanks

Yes. Now any contribution is split into the new ratio...
No escape from it..

As for fir account 3 $$$...
You can pick whichever account... 1 or 2..
For now ..
Go EPF office... Fill up form... To manually transfer money

Personally I pick account 2... For future withdrawal when needed

This post has been edited by nexona88: May 23 2024, 11:55 AM

Ok, thanks for the info. But I hope they can activate the online transfer for the Account 3 back to Account 1/2 soon.

Hi Sifu,

1. If I opt in now to transfer the money from account 1 & 2 to account 3, when EPF decides to give lower dividend for account 3, there's still a chance to transfer all the money from account back to account 1 & 2 ?

2. For those who has > 1 million in EPF now. For > 1 mil excessive withdrawal, does the withdrawal withdraws money entirely from account 3 first, then account 2 and lastly account 1?

Thank you.

They wanted more from acct 2 but there is capped if your acct 2 is less than 3k where you entitled max 1k only. Well that what most of them going for. Meaning in total their overalls are low unless they just withdraw them for housing recently...

I went to kwsp recently and saw the crazy ques and the ridiculous inquiries when many just showing their app balance and checking their funds.... and talking about what they going to shop after the withdrawal... thought I heard new phone....

EPF mentioned in few months time

Would be available on i-akaun platform

That's why, Malaysia banyak orang bodoh.

https://themalaysianreserve.com/2024/05/23/...anning-crucial/

Experts say use correctly but actual situation is different... Spend YOLO...

But new gadgets, car accessories or go for local holidays (since school 1 week close)

rakyat susah
withdraw kwsp
beli iPong Baru
rakyat happy tapi still susah

Nothing was mentioned about how many times can one transfer to account 1 or 2. would be moot if only once since the account 3 will receive money monthly.

it is kind of weird to see one small group of people trying frantically to keep the money in epf, while the greater lot are impatiently wanting to empty it out. if this trend continues, the nation will have to face problems in the future.

or just make an option to deactivate account 3 (to opt out ) available, lagi simple

sorry..

no answer to that..

because I don't transfer back to account 1 & 2

actually individuals..
don't know how to plan financially. served you right... to "die" from lack of retirement $$$

You need to updater your browser bookmark or history to the latest site.

succinctly said.
Would not matter much to me coz in 3 months, mine becomes Akaun 55.