perhaps i should clatify my question

today my total package is 100k per annum
11k is my self epf contribution
12k is my company epf contribution
remaining 77k is my salary before tax

now i want to change it to;
11k epf self contribution
24k company  epf contribution
65k salary

is this possible?

Rm 1 mil?  Its nothing nowadays

True, RM 1M in the EPF is nothing. By late-30s you should already reach this level if makan gaji.
That is assuming you dont withdraw from it for anything (i.e housing, education, healthcare etc)

guys this is a simple projection of  what my epf account will look like after 20 years. u guys can see. getting 1 million is easy as a cake

There is a reason why its called AVERAGE

The first table is wrong, need to refer amended table posted by the forumer, as the first table is only true if EPF carry an interest near 50%.

For average earner 5 to 10K, it is not possible achieve 1 mil mark by late 30s'
You need 5 digit wages or EPF give double digit interest.

Yes when that happens everything goes back to square one n everyone will get the same dividend.

Reading this thread sometimes makes me feel bad for the lower income group.

It's really expensive to be poor, then some ppl here suggest cutting their interest in the future.

Government is not doing enough to boost the lower income group, maybe they should tax corporates and high income earners more.

Such tiering policy is unfair if no taking into age and employment status of EPF members. How do you address the situation below:

P1 - Age 30 with active annual income 84K, EPF below 50K.
P2 - Age 45, jobless for years, retrenchment due to severe impact of covid, EPF with 1mil (likely proceed for withdraw >1mil, pose higher risk if not well versed in investment)
P3 - Age 55, retired, EPF with 1mil (likely withdraw tiering introduced, subjected to higher risk if not well versed in investment, or placing into FD for meager 2% return, retirement plan affected)

Is tiering dividend is really helping  those needs or causing more problem to savers (P2, P3)?

Beside, all these policy shall inform upfront and allow impacted members hv flexibility to withdraw the exceed. If introduced it abruptly, it going to be a mess.

However, if tiering start let says at 500K, such system will double tax the saver (income tax + indirect tax on EPF), more trying to withdraw money when they meet eligible criteria for education, housing, health issue etc.

All in, once more ppl losing faith on EPF, it trigger much higher withdrawal, it causing more long term damage to EPF investment strategy as they need cashing out at much higher rate.
Who going to absorbs government bond,  main GLC linked company share like TNB, banks etc in short period of time? Try to see the bigger picture, don't try to save some trees but end up losing a forest without understand full spectrum of problems, but rush into decision.

edited: p/s: Pls be reminded those with higher contribution in EPF are faithful taxpayers (regardless like it or not as its trackable). Many real rich are outside of EPF system (fancy biz accounting with help of tax accountants).

Are you sure you can generate 4-5% rental income? Have you taken into those hidden cost of owning a house; ie, maintenance, assessment etc.........

it is just unfair. full stop. there is no need to consider anything...

when you search www tiered dividend... only the sampah article shows up... it is not a thing in the rest of the world...

Subang....lol

Could you please explain a little bit about the table. Thank you in advance.

Today is not over yet.

https://www.calculator.net/investment-calcu...tit=0&x=68&y=27

Can do monthly. Look carefully.
Yeah. Do twice. Once with yearly 60k and one with 2.5k monthly.

OK. just playing on my phone hard to try/see all the features

yeah... you can do separately, or for the 60k... don't lump sum, split to 12 and use the monthly method to do one shot...

no need excel

good dividend i guess.. and also last time have high tax deduction or tax relief...

a better question is why people still keep money in CASA and/or FD.

those are even more dangerous... your money can simply be locked up and disappear....

(just trying to elicit some critical thinking on readers)

At that critical time, my only strategy was to preserve at least 75% of my holdings in cash
Scared! 

u'll never know with all the politicians lurking. epf board got to listen to them.

ASM managed by PNB for 2021 dividend 4 sen per unit (4%) 

EPF did so much better. 

RM10,000 special withdrawal won't affect EPF’s investment strategy – CEO

https://www.bernama.com/en/business/news.php?id=2067825

Makes me think now if i should withdraw from pnb and put in epf...

My 2 cents, no clear answer.

a. When you need some money, hard to withdraw from EPF unless you are above a certain age.
b. A disaster if EPF goes for the tiered dividend scheme, yes, can withdraw then but where to put it? Difficult to put into ASX.
c. Things may change with ASX doing better than EPF like in the early years.
d.
e.

Weigh the pros and cons, then decide. Not just on the higher EPF %.

If i am not mistaken,... I think I read money had to be in before 1st of the month。。。
For I read forummers mentioned they had to bank in end of last year to take advantage of full dividend next year。

Need real users to confirm it...

That is what I heard too but yet to confirm.

alternative

Malaysians Must Know the TRUTH: Why you should keep your money in EPF

Just flashed back YR1970++ till YR1980++ EPF dividend rate during high inflation, 7-8% p.a.
Wow, just wow!!!

If memory served me right, that time is during AFC 97-98.
Rushing banks to renew FDs
😀

Withdraw EPF for good reason. I agree..

But u guys go spend on buying electronic stuff like iphone or jewelry.... Or even foreign holidays...... That's really bad move...

At least spend on household expenses or pay off debts.. should be priority 👍

Raya coming... must show off...

This general problem in Malaysia...
Everyone faced this issues...
Must show off with unkers aunties during family gathering.... Biggest headache.... Then the comparison thingy among members....

I still remember as a kid I saw the board outside MBF FD rate >10%

Wonder how was the BLR like back then
Aiyah... if they are really so financially discipline at the first place many of them won't have to even need this already

I guess you read the news those cars in luxury car rental companies were all fully booked during Raya

And reading some of the KWSP fb comments before annoucement of allowing withdrawal will give you some hint how their minds like

   itu duit aku kenapa awak sibuk tak bagi ambil KWSP, or something like... duit lain hari Allah ada rezeki dia

So... failed education? Or too pampered?

KWSP forces people to save, not allowed people to take out the money from account 1, mainly to help these people you are referring here. Because these people never think about future, when they are getting older, they will be the burden for the societies, so these money is supposed to save them and save the societies / country.

The politicians who asked KWSP to release the money have messed up everything now. It took so long to save those money, now 1 shot lots of people back to less than 1k in their KWSP account. To get votes, these politicians willing to do anything, they don't care if anyone will be suffering when they are older, they only care about the next election.
(those politicians who disagreed at first, had to changed because if they didn't change to agree, they will be categorised as not helping those people and might lose votes. PITIFUL voting system).

The finance minister did the right thing for not allowing more withdrawal, but he couldn't fight the politician's decision. Now those who insisted want to take out money keep making joke of him ask him when he will resign? They really have no idea who are the one trying to help them, make joke of the one who tried to help them, and praise the wrong guy.

why not give that something to the kids while still alive?

just don't make the mistake of giving everything....