https://forum.lowyat.net/topic/4183284

EPF records RM46.56bil investment income in 2016

KUALA LUMPUR: The Employees Provident Fund ended 2016 with RM46.56bil in total gross investment income, up from RM44.23bil, it recorded the previous year amid a low global growth and lackluster corporate earnings.

Read more at http://www.thestar.com.my/business/busines...RMEOyRmd3q0c.99

even EPF is making loses, gomen is pumping in money to cover the losses so that's why every year still can maintain good dividends

Hi all. When usually kwsp will announce the dividend for last year?

do you mean this?
http://www.kwsp.gov.my/portal/en/home?p_p_...imaryKey=118202

Oh sorry for misunderstanding. I look in the 2017 statement stated 'dividen belum diumumkan'

Tq

Also if I'm not mistaken, any amount in excess of rm1 mil can be withdrawn any time.

Info here.
KWSP Source page

Gomen can even confiscate/haircut your money you have in the commercial bank. Example Cyprus.

anybody can advise whether it's worth exploring withdrawing account 1 to dump into epf approved funds?

20% withdrawal every 3 months?

and whether funds make or lose, the amount "withdrawal from fund" is credit back to account 1, right?

if you want to diversify your savings, then it's good to withdraw and invest into approved funds, i've been doing it since 2013, the IRR is around 10% per year (look at kenanga growth, eastspring Small cap fund, eastspring global leaders) compare to 6% from EPF and recently epf relax the rules and allow those funds to invest fully in overseas market, epf use to limit fund exposure to 30% overseas investment previously.

can read more here also https://www.fundsupermart.com.my/main/resea...uary-2017--7902

yes, all funds that you sell will go back to the account 1, no way to withdraw as cash. you can still switch you fund in the same fund house, eg, switch from eastspring small cap to eastspring bond or vice versa.

you can only withdraw once every 3 months, so i usually withdraw into a bond fund, and switch out from there into equity fund monthly to do dollar cost average. there's a table for you to calculate how much you can withdraw from epf every 3 months , see here https://www.fundsupermart.com.my/main/resea...-Calculator-824

the bad thing is that there's no guarantee the fund will maintain the returns , unlike epf which has mandate to return at least 2.5%

This post has been edited by repusez: May 18 2017, 03:51 PM

EPF via Maybank2u [ Maybank ]

Are you one of those who always want to save more with Employee Provident Fund [EPF] payment online but having a limit constraint?

Good news! With Maybank2u, it's now just a click away to contribute up to RM100,000 each month to your EPF.

Login to Maybank2u and register your EPF account as favourite to start saving extra each month.

Wonder this is non compliant to EPF condition for self contribution: http://www.kwsp.gov.my/portal/en/web/kwsp/...lf-contribution

"The accumulated maximum limit for Self Contribution, 1Malaysia Retirement Savings Scheme and Top Up Savings Contribution is RM60,000 yearly."

http://www.thestar.com.my/business/busines...ct-to-rm11pt8b/

Good numbers!

Now the cap on withdrawal is increased to 30%. A simple calculator would tell u how much
https://www.fundsupermart.com.my/main/resea...-Calculator-824

When you sell those funds then the amount must go back to Acc 1, there's no known loophole for now

One thing you gotta respect EPF, they do try to hold themselves to transparency standards. There's no requirements for them to do quarterly reporting but they do. Good to manage member's expectations too

I'm impressed by the numbers...

yet the big boss can be very less optimistic for the rest of the year performance..

Did some graphings to give me a better picture. See below.



AA
Surprised to see the growing large population for the young ones.
Also surprised to see the small number for the old ones. Expected a few thousands but less than 100.

BB
36-55 age groups are the largest contributors to the EPF fund!

CC
Surprised to see about RM170k-190k per member (average) spread over the age groups. Expected an increasing trend with the age group.
A dip for the 55-70 age groups. Why? Due to high cost of living, expenses etc over the past few years?

Waited for the 2016 annual report. Wanted to learn more about the large impairment costs which resulted in a lower 2016 % though the total revenue for the year was very good. Like to know which investments are these impairment costs from. Any ones related to 1MXX? Please share if you can. Thanks.

The 2016 annual report was published since April 2017. You can get it here http://www.kwsp.gov.my/portal/en/web/kwsp/...p_p_col_count=2

So what exactly is your question?
The financial statements usually do not individually identify the stocks or bonds that they made an impairment on. The only person who would know is either working in EPF finance team or Auditor General office.

You would have a better chance of looking up the past CEO quotes during press release. The CEO has always said that the 1Mxx exposure is very minimal and it relates to the energy side and not the holding co. For FGV also, the impairment was made in previous year and therefore did not impact the 2016 numbers

One should bear in mind that Msia equities did very badly in 2016, the FBMKLCI actually made a loss in the calendar year. Therefore it's understandable that the EPF decided that they need to impair on some of the local equities. As to which one, I've no idea

Revenue is based on dividend income or realised gain/losses, the changes in market value for the securities held are not included in the income unless impairments are made.

Which unit trust ?