If both epf n asmx kena tax, just transfer earlier to your loved one.

gov will exempt one... purposely mention that it is under consideration to scare the people, and then claim he is magnanimous and prihatin.... see lar...

so no need to think too much.. like you mentioned earlier, time to redo again portfolio alignment and if need be, into fc assets.

u have to check the full text

Confirm lorh

EPF need the $$$..... For Domestic investment purposes....

Malaysia parents having doubt on the new EPF intergenerational wealth transfer scheme to children account 😏

https://asianews.network/malaysian-parents-...drens-accounts/

Don't know his salary history of course. Currently about 2x,000 I believe. So the 35yo lady having 2m in epf with 50k/month is actually possible. Just that Ive never heard of anyone earning that much at that age..unless shes earning in USD/other currency...

with US bullrun, i hope our epf dividend also bull run

if every quarter we say investment income jump 10% will do la..
but how come when give us the dividend cannot even reach 6%
now say comparing last year 2023 vs this year 2024, again say investment income jump by 20% so does it means we will get at least 10% dividend?

The proposed 2% tax on dividend > 100k is onto individuals. So talking about epf’s dividend return from their holdings is also far fetched.

Problem with Shariah is cannot opt out when you change your mind & 2.5% minimum dividend rate.

What to do...

Islamic principle cannot have anything "guarantee"...
Whatever is from profit only...

All starting 2026

min excess withdrawal threshold raised 100K annually for 3 years..
by 2026 : Anything above 1.1mil can take out
by 2027 : Anything above 1.2mil can take out...
by 2028 : Anything above 1.3mil can take out...

basic savings raised annualy for 3 years..
by 2026 : basic savings 240,000 + 50K = 290K
by 2027 : basic savings 290,000 + 50K = 340K
by 2028 : basic savings 340,000 + 50K = 390K

I think, they dare not shift the 55 age across the board
It would have lesser resistance if they tiered it like
Withdrawal at 55 will be maintained for those that are above 40 (born before xx) , will moved to 60 for those below 40 ( born after xx)

bingo. set a big net to 1.3 mil bar, trapping t20.

but allow some small holes to let b40 withdraw money to buy iphone and go holiday

If this happens rakyat will bising

if strictly plucking from statistics, average life span for malaysians are 75.2 years old (both sexes).
https://open.dosm.gov.my/dashboard/life-expectancy

hence if doing strict averaging, balance in epf at age 65, only have 10.2 years to spend it all (of course some longer some shorter).
at EPF's recommendation of enhance lifestyle of RM1.3mil over 10.2 years is an impressive RM10,656 / month. Not factoring dividends and inflation.

Base case now one can withdraw 10%..

If one saving now is meant for major spending like house, oversea education assume exceeding 25% available then best to keep it elsewhere.

Else it maybe impossible to outrun shifting goalpost which by 2028 will be at 1.3M

Asb 5.75% will epf outperform asb?

do you have the source for this?