😂

That is only 1 time outflow from Acc2. Half of the amount is still in Acc3 for those who put it to standby for emergency or put elsewhere later.

Next month manada Duit to withdraw except the monthly salary contribution if > RM50. Maybe if those withdrawal kaki every month withdraw, Say 2 million people? Probably still can reach RM200 million per month. Basically it's like reduced EPF contribution of 10%.

Ok, so next month outflow will be lesser then. My bad...

Now also can transfer back to account 2 or 1...

Just little hassle...

Need to go EPF office & fill up form manually... And give them to process...

Hope they will digitalise transfer from account 3 to account 2 soon.

Also Acct1 has grown from 70% to 75%

That means about 5% more people cannot simply withdraw

it will be seasonal for mass withdrawal
as long as there are no big big festive season then mass withdrawal will not happen
for example i am a chinese and i am in desparate need of cash during CNY... so i will go withdraw account 3 few weeks before CNY lo...

might not be a good idea though

Just spend within your means. Got money, spend. No money, spend less. Don't understand why CNY need to waste money for what.

totally agree.... but 90% of the people fail to learn that

Well...

EPF did mention they would make the option available in kwsp i-akaun soon....

Don't know how long need to wait...

No news yet...

If this the case...

Can add school new year term openings too...

Since that time also many parents is desperate for $$$... To buy things & pay fees for school going children

In around the CNY month I too will usually have to spend more than usual. The current rate is about 2 months my current monthly expenses for Feb n Mar.

Month Jan, school starts expenses
Month Feb, hv to spend on ang pow for parents and in laws, or on dinner expenses when outstation relatives visits etc etc.
Self Food and self clothings for CNY can reduce but ang pow cannot.
Month Mar, 80% of my annual family insurance allocation falls in Mar CC statement

For me, Feb, March is critical cashflow period.
Thus I budgetted my monthly expenses to includes those needs and accumulated that amount during my other 10 months.

Once, I had a major car repair bill in Jan too....luckily got emergency fund.

MOF : 28 June 2024
MYR 10.86B telah dipindahkan ke akaun 3 dan MYR 6.98B telah dikeluarkan oleh 2.93 juta penyimpan

3.88bil MYR is just "parking" in account 3...
Waiting for the "right moment" or "good opportunity" to invest / spend 😋

More like waiting for right vacation package or promotion item for most.. haha

Endless possibilities seeing Malaysian YOLO lifestyle 😁

But. I'm more towards waiting for right investment opportunities

Very true bro. There is way too much excessive & unnecessary spending going on for CNY.

dont worry about me - 51 years old uncle here have enough wisdom to not withdraw any money and i have enough money for upcoming CNY next year

the next cycle for mass withdrawal most likely will be during year end school holiday season want to go healing... cuti cuti malaysia or cuti cuti luar malaysia

7B for now most likely will slow down...

is about having family dinner + gathering
makan + minum
again it depends on who picks up the bill..

No need. Dividend same. Keep in 3 just in case.