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EPF DIVIDEND, EPF
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patrickthissen
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Feb 19 2017, 01:53 PM
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Based on EPF website, 1st time EPF withdrawal-account 2 to purchase house will direct credit to the person bank account right?
If the person use the money for other purposes such as higher yield investment vehicle, renovation house etc, will EPF track the purpose of the money usage?? (Will they recall the money)
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MiKE7LIM
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Feb 19 2017, 02:07 PM
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QUOTE(patrickthissen @ Feb 19 2017, 01:53 PM) Based on EPF website, 1st time EPF withdrawal-account 2 to purchase house will direct credit to the person bank account right? If the person use the money for other purposes such as higher yield investment vehicle, renovation house etc, will EPF track the purpose of the money usage?? (Will they recall the money) base on my assumption ... It will transfer to our bank ..the usage might not able to monitor by EPF bah..so many account holder in EPF I'm also planning to withdraw acc2  hopefully someone can confirm this as well
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heavensea
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Feb 19 2017, 04:24 PM
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QUOTE(David83 @ Feb 19 2017, 07:52 AM) I don't really understand your question. If you're asking if you could withdraw from EPF Account 1 for unit trust investment, the answer is YES provided certain criteria is met. 1. Min saving achieved and you have excess amount in Account 1 to do so. Use this calculator: https://www.fundsupermart.com.my/main/resea...-Calculator-8242. Participating or approved funds 3. Do remember that if you plan to sell the fund in near future, the proceed needs to go back to Account 1 QUOTE(tonytyk @ Feb 19 2017, 09:15 AM) Cannot withdraw, need to put back to Epf later notes guys, thanks for explanation.
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Kaka23
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Feb 19 2017, 04:51 PM
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QUOTE(pearl_white @ Feb 19 2017, 09:08 AM) 5.7% for 2016. waiting for details tomorrow. what is that?
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heavensea
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Feb 19 2017, 05:36 PM
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QUOTE(bbgoat @ Feb 19 2017, 05:31 PM) Logged into KWSP acct. Saw the new statement. No doubt 5.7% lower than recent years, but still a happy sight ! Happy with the accumulated amount after all these years. Thank u KWSP !  you sendiri pump extra money into kwsp mah?
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xuzen
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Feb 19 2017, 06:09 PM
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QUOTE(bbgoat @ Feb 19 2017, 05:31 PM) Logged into KWSP acct. Saw the new statement. No doubt 5.7% lower than recent years, but still a happy sight ! Happy with the accumulated amount after all these years. Thank u KWSP !  Uncle / Auntie / Dato / Datin / Tan Sri / Puan Sri, Why you so easy to please wan? Tunjuklah sikit muka masam sikit, kasi itu KWSP botak punya CEO know we as customers of KWSP want MOAR! Xuzen
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cklimm
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Feb 19 2017, 06:56 PM
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QUOTE(heavensea @ Feb 19 2017, 05:36 PM) you sendiri pump extra money into kwsp mah? QUOTE(xuzen @ Feb 19 2017, 06:09 PM) Uncle / Auntie / Dato / Datin / Tan Sri / Puan Sri, Why you so easy to please wan? Tunjuklah sikit muka masam sikit, kasi itu KWSP botak punya CEO know we as customers of KWSP want MOAR! Xuzen
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sandkoh
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Feb 19 2017, 06:57 PM
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QUOTE(xuzen @ Feb 19 2017, 06:09 PM) Uncle / Auntie / Dato / Datin / Tan Sri / Puan Sri, Why you so easy to please wan? Tunjuklah sikit muka masam sikit, kasi itu KWSP botak punya CEO know we as customers of KWSP want MOAR! Xuzen Uncle / Auntie / Dato / Datin / Tan Sri / Puan Sri, have you expressed your displeasure?
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yygo
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Feb 19 2017, 06:59 PM
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QUOTE(xuzen @ Feb 19 2017, 06:09 PM) Uncle / Auntie / Dato / Datin / Tan Sri / Puan Sri, Why you so easy to please wan? Tunjuklah sikit muka masam sikit, kasi itu KWSP botak punya CEO know we as customers of KWSP want MOAR! Xuzen unker expect wat ni? 7% or higher than fsm?
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yygo
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Feb 19 2017, 07:00 PM
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QUOTE(heavensea @ Feb 19 2017, 05:36 PM) you sendiri pump extra money into kwsp mah? did you?
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jorgsacul
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Feb 19 2017, 07:33 PM
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QUOTE(kwwong99 @ Feb 18 2017, 09:37 PM) 6B reserve in 2015 over 9.5B reserve in 2016. Don't you think this is too much? And the reserves use for what? It's our money - not theirs. Cannot be OPEX, right? Jibby and co to bil out
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heavensea
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Feb 19 2017, 07:53 PM
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QUOTE(yygo @ Feb 19 2017, 07:00 PM) did you?  nope...
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patrickthissen
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Feb 19 2017, 10:12 PM
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QUOTE(MiKE7LIM @ Feb 19 2017, 02:07 PM) base on my assumption ... It will transfer to our bank ..the usage might not able to monitor by EPF bah..so many account holder in EPF I'm also planning to withdraw acc2  hopefully someone can confirm this as well Ya, I heard a lot peoples taking out EPF acc 2 for so called "house renovation". Let's wait other members reply
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netmask8
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Feb 19 2017, 11:00 PM
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Singapore CPF 2.5% ordinary account vs Malaysia EPF 5.7% , since many peoples here always like to compare. CPF special account= ?? https://heartlandboy.com/how-to-optimise-si...-account-early/ After finishing 1x small HDB mortgage, nothing much left in CPF.. Same goes to FD interest rates here are better YIELD. This post has been edited by netmask8: Feb 19 2017, 11:18 PM
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theevilman1909
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Feb 19 2017, 11:25 PM
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Disappointed
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theevilman1909
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Feb 19 2017, 11:27 PM
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QUOTE(bbgoat @ Feb 19 2017, 05:31 PM) Logged into KWSP acct. Saw the new statement. No doubt 5.7% lower than recent years, but still a happy sight ! Happy with the accumulated amount after all these years. Thank u KWSP !  bet you have over 1mil in your EPF
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prophetjul
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Feb 20 2017, 08:20 AM
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QUOTE(kwwong99 @ Feb 18 2017, 09:37 PM) 6B reserve in 2015 over 9.5B reserve in 2016. Don't you think this is too much? And the reserves use for what? It's our money - not theirs. Cannot be OPEX, right? Why not Opex? I understand some employees received 6 months bonuses!
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prophetjul
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Feb 20 2017, 08:23 AM
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QUOTE(theevilman1909 @ Feb 19 2017, 11:27 PM) bet you have over 1mil in your EPF  I have more than that. But I am not happy.......5.7% As someone stated here, they increased their retained profits for reserves.
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Ramjade
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Feb 20 2017, 08:38 AM
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QUOTE(netmask8 @ Feb 19 2017, 11:00 PM) Singapore CPF 2.5% ordinary account vs Malaysia EPF 5.7% , since many peoples here always like to compare. CPF special account= ?? https://heartlandboy.com/how-to-optimise-si...-account-early/ After finishing 1x small HDB mortgage, nothing much left in CPF.. Same goes to FD interest rates here are better YIELD. See cost of living. Rm3000, one for plate chicken rice rm6+ SGD3K, chicken rice only SGD2.
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