https://www.thestar.com.my/news/nation/2024...red-say-sources

eh no 1 posted the star news? seems like the dividend across all 3 accounts likely remain the same, so no tier. So no need to move from acc3 to acc 1/2?

from initially 10%, now we got 30% $$$

meaning EPF needed to sell off some of their investment assets to pay all those $$$ in account 2 since given option to transfer into account 3

Dividend same for all 3 account??

Really not sustainable on dividend rates... Because account 3 liquidity sure would dragged the dividend overall...

EPF need to standby $$$$ for the flexible withdrawal thingy... Invest in low yield high liquidity assets

Account 2 can withdraw but not simply like that...
Need to fulfill the requirements first....

5% increase in account 1 can even out for account 3?? 🤔🧐

Asking a genuine question here.
Max self contribution is still 100k.
While from may onwards empkoyee+ employer = 11+12% of gross salary 75% 15% 10% to acc1 acc3 acc3 respectively.

Can I deposit as self contribution in acc3 then do a tax rebate? Self contribute can tax rebate up to 4k.

Say I'm gross 110k. 4k contribution will let me have tax rebate of rm960. That's 24% roi as soon as I file my tax.

That 4k if able to be contributed to only acc3, I can deposit and withdraw this every year with the same 4k I have.

The difference compare to last time was, self contribution is forever locked in until 55.with acc3 of this works, I gonna reap that 24% tax rebate, withdraw 4k and contribute back yearly

Why so headache.. calculate each....

If indeed got 100k

10% of 100k is 10k 😂

Simple & easy....

Seeing how self contribution have tax rebate, most probably it will remain 70% Acc 1 and 30% Acc 2 to avoid the loophole of withdrawing it out from Acc 3 if it goes in there. I think the mgt at EPF would have already looked into this. Right guys? Right?

Sifu sifus

Anyone redrawing fund frm Asm to EPF since got the new acc 3 for emergency fund etc? Asm dividend kenot fight with epf leh..how ah?

about 16% from Acct 2 can be transferred to Acct 3, by 31 August

Given the lack of penalty for Account 3 withdrawals and the exact same dividend rate across the board:

1. Members should opt-in to maximize their Account 3 starting balance
2. Members should maintain the 10% contribution into Account 3 moving forward (rather than transfer to Account 1/2 or submit the form to change the allocation %)

Ultimately, you lose nothing and you get some flexibility to draw down into liquidity should a calamity befall you. The only issue will be, for those who do not have financial discipline, I believe they will tap into Account 3 for frivolous spending.

Frequently Asked Questions does not state a convenient option for those EPF members who do not want to have Akaun Fleksibel (Account 3).
How frequent do we have to submit the physical “Borang Pindahan Simpanan Ke Akaun Persaraan/ Akaun Sejahtera”? Once a month?
For me, I would prefer my Akaun Fleksibel to have zero amount permanently.
As such, my preferred EPF contributions will be credited according to the ratio of 75:25:0, where 75% will go into Akaun Persaraan, 25% into Akaun Sejahtera, and 0% into Akaun Fleksibel.

not default to everyone 

Yes, NOT DEFAULT. Only if you go transfer between now and until sometime a final date. Your Acc 3=0 by default.

not to everyone

Mine only got Akaun Emas and Akaun 55 

Actually those total balance below RM50k, let them take all of it out. the rest above, keep inside.
these people already have poor planning.... they need to live now..not at 60

Pretty sure the number of contributors with total below RM50k is very little.

Don’t discriminate.  If allow people >1m to take out then should allow those <1m to take out too.

Very good argument... Maybe they should lower it to 250k as I remember they say we just need 250k to retire comfortably

Again think about it even u save rm1k per month for 30 years you also won't reach 1M

1k x 12 months x 30 years with average 5% dividend you will get around $797,670

You can use excel to count the number see correct or not

it is possible if you are earning a high paying job , remember not all job pays well
and if someone is earning 15k per month then i dont think he needs any withdrawal
the idea is gov/epf have done the analysis that ones need 240k to retire so let just say someone has achieve double of it or even triple of it then gove should allow the mto withdraw

240k you can withdraw 1k per month for 20 years before the fund is exhausted (source = EPF)
so what if you have 480k then is 2k per month which is very good

so Rakyat need to propose to revise the RM1.0 Million withdrawal policy and lower it t0 like 480k or 500k (looks better if keep it 500k)

anything above 500k allow withdrawal from EPF
500k EPF saving is a realistic target and Rakyat will try their best to meet 500k as compare to now 1.0M which i see the number also i have no motivation

any MP here following this forum, please help to propose this to our finance minister
**source**
The Employees Provident Fund (EPF) recommends a minimum retirement savings of RM240,000 by age 55. This would allow for a monthly withdrawal of RM1,000 for 20 years.

For age 55 person. Can they deposit extra money into EPF to earn interest? Since after 55year, withdraw can be anytime right?