Topup cannot do online?

Correspondence address can be updated in iAkaun:

This one on 1/4/2021

https://www.thestar.com.my/business/busines...pproved-to-date

If one does not like EPF returns in the event of tiered dividend no need to max out RM60k/year.

Divert the RM60k elsewhere. So many place giving way better return than EPF if one only need to look and take the time to learn.

https://www.kwsp.gov.my/-/epf-records-healt...ome-for-q1-2021
EPF RECORDS HEALTHY RETURNS OF RM19.29 BILLION IN GROSS INVESTMENT INCOME FOR Q1 2021
KUALA LUMPUR, 8 June 2021: The Employees Provident Fund (EPF) recorded a gross investment income of RM19.29 billion for the first quarter ended 31 March 2021, despite the continued uncertainties from the ongoing COVID-19 pandemic.

Equities registered RM14.28 billion in income during the quarter, accounting for 74% of total gross investment income, while Fixed Income instruments continued to contribute a stable income of RM3.92 billion. Income from Real Estate and Infrastructure, as well as Money Market instruments, came in at RM0.71 billion and RM0.38 billion respectively.

After the cost write-down on listed equities, which is a prudent measure practiced by the EPF to ensure that its long-term investment portfolio remains healthy, the fund recorded a net investment income of RM19.24 billion.

EPF Chief Executive Officer, Datuk Seri Amir Hamzah Azizan, said: “EPF’s solid performance for the first quarter was a spillover from the global economic recovery that began in the second-half of last year. We believe that the vaccination rollouts as well as supportive fiscal and monetary policies worldwide will play a key role in facilitating economic activities and growth.”

“The inflationary concerns did not derail the positive trend in the equity markets, and we took advantage of the opportunity to reposition our holdings in stocks that are fundamentally strong but undervalued,” he added.

EPF’s investment assets stood at RM981.71 billion as at end March 2021, of which 36% was invested overseas. The diversification in different asset classes, markets, and currencies continues to provide income stability and added value to the fund’s overall returns. During the first quarter, the EPF’s overseas investments generated an income of RM11.15 billion, or 58% of the total gross investment income recorded, mainly driven by foreign equities.

By asset class, Fixed Income instruments made up 46% of investments while Equities comprised 44%. Money Market instruments and Real Estate and Infrastructure made up 4% and 6% respectively of investments. The portfolio reflects the EPF’s diversification strategy to optimise returns within tolerable risk limits as guided by the Strategic Asset Allocation (SAA), which has proven to be resilient in the face of any challenging market environment, especially during the COVID-19 pandemic crisis.

Recognising the challenges faced by members during the pandemic, the EPF’s i-Sinar and i-Lestari facilities were introduced to allow affected members to make withdrawals that would help provide some measure of financial relief. To date, a total of RM57.97 billion of i-Sinar withdrawals have been approved for 6.49 million applicants, out of which RM50.93 billion have been disbursed, while RM20.80 billion has been paid out to 5.27 million members under the i-Lestari facility.

Datuk Seri Amir said, “Our disciplined investment approach and robust liquidity management guided by the SAA has been successful in minimising the impact of the substantial disbursements on the EPF’s portfolio, allowing it to sustain a steady performance in these trying times. This reflects the fund’s commitment to safeguarding our members’ retirement savings by preserving and enhancing the value of those savings, while ensuring that their short-term needs are met without compromising their long-term interests.”

“While the EPF remains cautious for the coming quarter, given the downside risks of the new highly transmissible COVID-19 variants, we assure members that we continuously take the necessary measures to protect members' savings, supported by our strong governance framework, as we strive to meet our mandate and strategic targets of providing members with a sustainable retirement.”

What was the Q4 2020? I tried to search but could not find it.

So 60.98-17.33-15.12-12.16=16.370bil.

So, it's 19.29 from 16.37. Encouraging.

20% of Serbadk is holding by EPF and iinm they have it selling it down to less than 10%

Question is now that they after selling they have bought into banks, gloves and several dividend paying counters recently

The only question will Q2 performance will impact this year by a time least -1 to -1.5% as i can foresee dividends this year will be even as low as 3.5% unless CTOS divestments made paring down the losses

Also REITs and disposals of real estate has yet made into the books so look into Q3 performance you will see the recovery by the markets

Govt had been mentioning that a very high % of contributors has little savings in EPF....
if they are sincere and serious in "helping",...then 6% is possible....
but then it also has to depends "if" the inside still has surplus money inside or not. 

The inactive ones normally those who are doing their own small business like keropok, goreng pisang, kuih etc and never bother to even pay taxes. Don't let them fools you, their daily net income are in the hundreds, at least. How do i know, some of my school friends doing these sort of small businesses and even proudly boasting on how they have never really pay any taxes.

Btw, regarding 1mil saving and having 4-5% dividen yearly, one thing to remind, you are not using that 4-5% forever. When you are reaching, let's say 65 years old, you might start to make use of the dividen + some of the 1mil saving already, you won't be living till you are leaving this world and still don't touch that 1mil saving. And i believe, when you are getting older, you won't be still spending big amount of money into things that you usually would spend, examples, foods, traveling, etc due to health related issue.

1mil definitely can retire now, it just depends on your living style and whether you still have other commitments or not. Personally, i am aiming to be retired before 46 and have at least 4mil in saving and expecting averagely yearly 4% interest / dividends, at 13k per month to use. Once i reach 65, i will go all wild with the money and expect i will leave this world at 75 or max 85.

Actually i did something similar to this spreadsheet to calculate how my retirement funds stands during certain ages....

but i found something incorrect for stagnant withrawal, when we're older, i dun think the consumption of funds will be stagnant with the initial sum (RM1 mil x 5% = RM 50k present values)... When we're older, we probably use less money and gradually the withdrawal sum will be lowered...

example average Normal Age 70 ppl as of today with 516k balance (based on this table), would they need to spend RM50k annually or RM 4.16k per month? At least for my parent at this age averagely spent less than RM3k
for 2 pax, and they're still serving a Perodua Alza of RM 800 per month...withdrawal of RM 93k equivalent to RM 7.75k per month, unless you dun have any medical insurance then.........

... go check epf div vs fd for last 20 yrs lor... then make informed decisions... you had plenty of time to answer...

2022 earnings almost same as 2021 so slightly better dividend ? Must have seen wrongly could be fund size

Very important is  not to withdraw. Many ppl will withdraw acc 2 for housing.

I hit RM1m in early 40s I think. Now at RM2.5m at 50.

Minimal voluntary contribution.

It is power from saving over time. Then again many run business and wont park money in epf, as it can trace back their income source.

At 5% dividend alone would net you 125k dividend, in turn rm10k+ per mth.  You can definitely retire now given no high vakue debts..

Totally envy.  I am early 40s at similar pace and hope i can get there at 50 too.