But others say very easy withdraw. Do they ask for reasons after, say 60 years old?

Contributions in 2019 are prorated monthly. Total from 2018 gets 5.45% since they are kept a full year.

You don't expect to deposit in Dec 2019 and get 5.45% do you?

If continue to stay in new Malaysia, our options are, between a rock and a hard place. which do they prefer?

If migrate, can withdraw 100% EPF and bring along to the new world.

This post has been edited by beLIEve: Feb 22 2020, 09:28 PM

Typed into Excel and able to match with 2 cents off, probably because I lumped both Account 1 and Account 2 together in my calculation.

I can confirm that only 1 day is counted for the contribution month. So if you bank in on the last day of the month, you probably lose dividend for the entire subsequent month (because it's only recorded in EPF the next day). Bank in on the 2nd last day of the month is the best scenario, assuming no hiccups between the bank and EPF.

Reference : https://1-million-dollar-blog.com/how-to-ca...e-epf-dividend/

This post has been edited by beLIEve: Feb 22 2020, 11:13 PM

If you are a devout Muslim, nothing to regret.

Never really bothered with compounding effect unless the percentage is fixed. Do you really lose a lot by half a percentage a year?

Alternatively you can dump some extra money into ASB 1 since EPF hasn't outperform ASB 1 historically. EPF also allow you to invest a portion of your deposit into unit trusts. Check under (I think) Investment tab.

This post has been edited by beLIEve: Feb 23 2020, 12:28 PM

he said he wanted to find better investment to cover back the loss of dividend.

Speaking of which, he can also reroute his EPF money into ASB2, ASB3, and even ASM2 and ASM3, or other trust funds.

no and no.

Your payslip, if done correctly, will have 2 columns for you. 1 for statutory and 1 for variable.

You are to submit the form, not your HR. Print out the Form 17 AHL, fill it, get payroll (or your manager) to sign, company stamp, submit to EPF, get EPF photocopy, EPF stamp photocopy, submit to payroll.

Subprime was somewhere 2008. That's when MYR "strengthened" to 2.9x (but it's actually USD crashing).

usually they announce on Sunday

wahhh seems like she's been stirring shits since 2020. I think she just make herself outstanding. After all the i-withdrawals, she wants others to fill back the hole. Govt will be grateful to her, probably make her a senator.

I personally know someone in heavy debts who opted not to work anymore at his late 40s thanks to all the i-withdrawals.

This post has been edited by beLIEve: Feb 20 2022, 05:53 PM

EPF profit sharing not implemented yet right? What stopped you from moving FD to EPF?

regardless of R&R, the easiest way to fill back all the i-withdrawals is to take from the rich and redistribute to the "poor". That chick, whatever her name is, seized the opportunity to gain fame solving this problem for the govt. Thought she said Malaysians are very generous in helping each other.

check under Withdrawal Eligibility

after all the i-withdrawals, more and more people want free money.

https://www.nst.com.my/opinion/letters/2022...its-spread-thin

Actually it is better to let everyone withdraw everything and EPF to work hard to automagically fill up our EPF accounts

No, unless you're after the high dividends. You're locking up your cash so that you can unlock it a few years down the road. Unless you are near 55 or very close to $1m, not recommended.

Also run how much can EPF chop from the higher savers to feed the lower ones from that chart (Post #7471). I think it makes little difference to chop from the $1m+ to feed 1m members, because there's not many with savings above $1m. So in the end, will have to chop from those with $100k-500k onwards to feed those with less than $100k. Maybe even have to chop from $50k-$100k.

Thomas and Cindy want your money, and they want it hard.

This post has been edited by beLIEve: Mar 3 2022, 06:30 PM

I remember that too. But that time, govt did not allow massive withdrawals of EPF no matter the cost, followed by opportunists trying to milk money to quickly replenish the money they withdrew. As I mentioned some posts above, I personally knew someone in heavy debts who refused to work because allowed to enjoy his i-withdrawals

the rich gets richer investing for returns beyond a meager 6%. Nothing to object. Only those 50k-500k will object.

This post has been edited by beLIEve: Mar 3 2022, 10:53 PM

true in a sense, but those few millions is just a small percentage of their wealth. Probably won't be bothered.

Agree that EPF will have a headache if they all withdraw. That's about $100b if I don't have a memory leak from the stats earlier. So if they were to do tiering, they will start slow and increase slowly or leave it as it is, until the next opportunist comes along.

Withdraw already only can implement 1.5k min salary mah. Otherwise if barang naik, where got excess money to chase them barang.

Approved. Special dividend rate of 2.5% for any amount above $100k. 8% for amount below $100k.

This post has been edited by beLIEve: Mar 16 2022, 08:36 PM

This will make the govt of the day to lose votes in the next election. Will never be considered.

What the grassroots who withdrew their EPF want is govt to replenish the withdrawn amount.

Give goodies to citizens can, no problem. Remove subsidies and increase tax are bad for votes. Doubt An Wars want to do that until his govt stabilizes.