Based on NST "insider information"...

Everyone get account 3 as default....

BUT you can transfer out the $$$ to account 1 or 2 (your choice)....

Account 3 start in May with zero balance
Contribution starting May 2024 is split into 3.... No choice. Default split of 75% 15% 10% respectively

Those people who has been making noise to withdraw are not smart...they are just kaki mod motor and gelang emas.  Ends up majority will spend it on stuff they don't need, not investing it to get better returns.

NOW i am confused. 
poweredbydiscuz says no.

Short answer : No.

Long answer: No also. EPF is paying dividend like FD interest, but paid once a year at end-of-tenure. Yes, is calculated monthly interest, but paid once a year. Any withdrawal can presume similiar like penalty for early FD termination (although is not it).

Your number is right for full year divide 12 months.

So, I plug into my excel sheet to start with 5M, withdraw 22,916.66 every month on 1st and last day of month (2 simulations), but the number doesn't differ far. (using 365 days, not leap year, lazy modify too many variables, just for simulation differ by cents only)
Year end balance: 4,992,993.55
Dividend receive: 267,993.4667
Which divide by 12 = 22,332.7889 average monthly dividend, lower than full RM22,916.66 dividend if no withdraw.

Reason is mainly due to EPF formula for deposit/withdrawal, there are some days not included into that month calculation.

The number to maintain 5M balance based on 5.5% is to withdraw roughly RM22,347.295 every month, instead of RM22,916.66
Or withdraw lump sum about RM261,372.81 in January.

hopefully it's stays the same...

because everyone is "forced" to have account 3 after May 11

How 280k can be t20? It can’t even generate a 50k dividends annuallyand that’s only m40 income without considering inflation and ringgit depreciation.

T20s are those members with net worth of at least RM 3 million and annual gross pre-tax income of RM300K, ka.

don'tt think that UT fund make mistake...

EPF excluding them from the approved...

one reason could be because of the fund foreign exposure. their performance is way better & higher than EPF.

those who bought previously all give good positive feedback.. it's the best UT fund under EPF previously... and still now...

ETF average at 18% + USD

epf how to compete?

That’s why many earn in sgd usd EUR and come back Malaysia retire. But must learn to invest also la if not also gone case.

My safety net is my credit card. Shit happens that is charged until I can divest my assets in t+(?) days. I will never put money in savings accounts or FD.

Unker bought a PJ house almost 30 years ago for RM40k. Already 30x...Young fella running the numbers will never understand inflation like old fella

It was 50 years ago

with that RM4166 monthly, it should be sufficient for wife and husband, (also assuming no more financial commitment) say kids already grown up and don't need your support.
You saying you don't know whether your wife has EPF or not?

so directly buy their funds better?

this is the biggest shark in Bursa lo....