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 EPF DIVIDEND, EPF

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limeuu
post Jan 3 2017, 08:57 PM

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QUOTE(chinkw1 @ Jan 3 2017, 05:17 PM)
At age of 60, we can withdraw all out from EPF.
What if we did not withdraw all from EPF at age 60?
1. From there forward, will EPF still pays us yearly dividend?
2. If I decided to withdraw at age 61, can I do so? If yes, whats the amount can i withdraw out at age 61, 62, etc... ?
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If you have money left after 60, you will continue to receive dividends till you are 100 (used to be 750)....

You can withdraw a minimum of 2000 or everything you have, every month....

Basically, anyone above 60 can withdraw all their Money anytime....So actually if you don't need the money you can leave it....And have instant access....
prophetjul
post Jan 3 2017, 09:13 PM

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QUOTE(chinkw1 @ Jan 3 2017, 05:17 PM)
At age of 60, we can withdraw all out from EPF.
What if we did not withdraw all from EPF at age 60?
1. From there forward, will EPF still pays us yearly dividend?
2. If I decided to withdraw at age 61, can I do so? If yes, whats the amount can i withdraw out at age 61, 62, etc... ?
*
You are allowed to withdraw all your money at age 55
limeuu
post Jan 3 2017, 09:17 PM

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QUOTE(prophetjul @ Jan 3 2017, 09:13 PM)
You are allowed to withdraw all your money at age 55
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Only the ones contributed till 55yo.... Between 55-60, further contributions will become locked in, till you reach 60....So the real age for complete withdrawal is 60.... Including those ongoing contribution after 60....Many people continue to work beyond 60 nowadays....
prophetjul
post Jan 3 2017, 09:18 PM

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QUOTE(limeuu @ Jan 3 2017, 09:17 PM)
Only the ones contributed till 55yo.... Between 55-60, further contributions will become locked in, till you reach 60....So the real age for complete withdrawal is 60.... Including those ongoing contribution after 60....Many people continue to work beyond 60 nowadays....
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But you can withdraw your pre-55 monies anytime?
limeuu
post Jan 3 2017, 09:29 PM

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QUOTE(prophetjul @ Jan 3 2017, 09:18 PM)
But you can withdraw your pre-55 monies anytime?
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Yes, anytime after 55.... Except the new akuan emas....
wengherng
post Jan 3 2017, 11:04 PM

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QUOTE(limeuu @ Jan 3 2017, 08:57 PM)
If you have money left after 60, you will continue to receive dividends till you are 100 (used to be 750)....

You can withdraw a minimum of 2000 or everything you have, every month....

Basically, anyone above 60 can withdraw all their Money anytime....So actually if you don't need the money you can leave it....And have instant access....
*
Well, not wanting to be the wet blanket here, but technically speaking, it's not really "instant" access, as in truly instant access.
There's quite a gap between the day you apply for total withdrawal, to the day you actually receive the money.
Processing time could be up to a week or more.
But yeah, understand your point, it's basically still considered fairly liquid funds.
limeuu
post Jan 3 2017, 11:39 PM

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QUOTE(wengherng @ Jan 3 2017, 11:04 PM)
Well, not wanting to be the wet blanket here, but technically speaking, it's not really "instant" access, as in truly instant access.
There's quite a gap between the day you apply for total withdrawal, to the day you actually receive the money.
Processing time could be up to a week or more.
But yeah, understand your point, it's basically still considered fairly liquid funds.
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They say 3 working days, I received in my account in 2 days....
wengherng
post Jan 4 2017, 12:03 AM

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QUOTE(limeuu @ Jan 3 2017, 11:39 PM)
They say 3 working days, I received in my account in 2 days....
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Seriously..?!
That's great!
Seems EPF has really improved their performance and efficiency these days.
prophetjul
post Jan 4 2017, 08:49 AM

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QUOTE(wengherng @ Jan 4 2017, 12:03 AM)
Seriously..?!
That's great!
Seems EPF has really improved their performance and efficiency these days.
*
Has been quite fast since 15 years ago, since they computerised the systems.
i withdrew for housing and monies was credited like in 3 days
familyfirst
post Jan 4 2017, 03:03 PM

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Yes they have been very efficient for the past 15 yrs or so. I experience the same good service & efficiency donkey years ago.
nexona88
post Jan 4 2017, 03:08 PM

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QUOTE(wengherng @ Jan 4 2017, 12:03 AM)
Seriously..?!
That's great!
Seems EPF has really improved their performance and efficiency these days.
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Why u so surprised..
Its has been like that for years already..
Their KPI is quite good... No gomen department can achieved like them in terms of efficiency..
wengherng
post Jan 4 2017, 11:22 PM

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QUOTE(nexona88 @ Jan 4 2017, 03:08 PM)
Why u so surprised..
Its has been like that for years already..
Their KPI is quite good... No gomen department can achieved like them in terms of efficiency..
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Hmmm......indeed, it seems that I am the only one in the dark......haha!
The last time I withdrew for housing was like 12 years ago, and if memory serves, I do not remember it being that fast.
I believe it still took me more than 1 or 2 weeks from the day I submitted the application until the day I received the funds. (No wrong or incomplete information during application, just waiting for fund disbursement)
Maybe it was just my bad luck.
I think it's also a week or more for my withdrawal for unit trust investment......but that could be due to delays in the unit trust company side as well. hmm.gif

wengherng
post Jan 4 2017, 11:24 PM

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QUOTE(prophetjul @ Jan 4 2017, 08:49 AM)
Has been quite fast since 15 years ago, since they computerised the systems.
i withdrew for housing and monies was credited like in 3 days
*
Just not my luck, I guess...... confused.gif
My experiences with them were also good, but not as fast as yours.
nexona88
post Jan 4 2017, 11:31 PM

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QUOTE(wengherng @ Jan 4 2017, 11:22 PM)
Hmmm......indeed, it seems that I am the only one in the dark......haha!
The last time I withdrew for housing was like 12 years ago, and if memory serves, I do not remember it being that fast.
I believe it still took me more than 1 or 2 weeks from the day I submitted the application until the day I received the funds. (No wrong or incomplete information during application, just waiting for fund disbursement)
Maybe it was just my bad luck.
I think it's also a week or more for my withdrawal for unit trust investment......but that could be due to delays in the unit trust company side as well.  hmm.gif
*
12 years ago is kinda long time biggrin.gif

nowadays u don't wait for weeks tongue.gif

most of us quite happy with their speed thumbsup.gif thumbsup.gif
wengherng
post Jan 4 2017, 11:36 PM

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QUOTE(nexona88 @ Jan 4 2017, 11:31 PM)
12 years ago is kinda long time  biggrin.gif

nowadays u don't wait for weeks  tongue.gif

most of us quite happy with their speed  thumbsup.gif  thumbsup.gif
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Good to know! rclxms.gif
hirano
post Jan 6 2017, 10:01 PM

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QUOTE(plumberly @ Jan 3 2017, 05:47 PM)
Best is to drop in at EPF office and fire all your questions at them. Ha.
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is there any EPF office that opens on weekend? Would need to name my beneficiary
plumberly
post Jan 7 2017, 10:16 AM

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QUOTE(hirano @ Jan 6 2017, 10:01 PM)
is there any EPF office that opens on weekend? Would need to name my beneficiary
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I have no idea. Best to call the office to find out.
Just a wild idea, maybe you can also do that on the net if you have the EPF online ac.

saiga
post Jan 7 2017, 10:21 AM

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QUOTE(hirano @ Jan 6 2017, 10:01 PM)
is there any EPF office that opens on weekend? Would need to name my beneficiary
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Lucky I lived in Johor. Gomen offices open on Sunday, hahaha
nexona88
post Jan 7 2017, 10:59 AM

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QUOTE(saiga @ Jan 7 2017, 10:21 AM)
Lucky I lived in Johor. Gomen offices open on Sunday, hahaha
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Your working day still Monday to Saturday??
Company don't follow??
hirano
post Jan 7 2017, 11:35 AM

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QUOTE(plumberly @ Jan 7 2017, 10:16 AM)
I have no idea. Best to call the office to find out.
Just a wild idea, maybe you can also do that on the net if you have the EPF online ac.
*
No, i've explored the website. You can only get the form from tbere. To register beneficiary, still need to go to its office

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