Lulz
7.5% dividend ahh..

Can dream on.. Best is around 7% only 😕
(I think leh) don't shot me if real one is higher 😁

Yes I agree with you, I'm guessing it's in the range between 6.5% to 7%

ASB announced this year that the dividend for 2017 is 7% and historically EPF dividend is never higher than ASB dividend.

This is due to ASB's asset allocation is
more than 70% in equities and the remaining in fixed income instruments

vs

EPF's asset allocation is
46% in equities and 54% in money market & fixed income instruments


As you can see EPF's asset allocation is more balanced (less risky compared to ASB) due to EPF is the people's retirement savings, and they have to guarantees a minimum of 2.5 Per Cent Dividend annually.

And this year there will be 2 dividend announcement right?

One for simpanan konvensional and the other one for simpanan shariah

Made self contribution last week on Thursday 25/1 and surprisingly the amounts are not reflected in i-akaun right now. Never had a problem before this.
Am worried won't be able to enjoy the dividend for the whole month of Feb. If it's only reflected tomorrow, I still won't get the dividend for the month of February , correct?

Don't worry, the statement for 2018 contribution will be made available after the dividend for 2017 has been declared. Till then just wait until EPF announce their dividend which will be happening soon.

Self contribution ? Can any member do this ? What about for retirees, who r over 60 ?

Anyone can self contribute max RM60k/year.

Deleted.

This post has been edited by drbone: Jan 31 2018, 08:51 PM

The amount that was deposited needs to be in before Feb 2018 for me to enjoy the whole month’s dividend is it not so ?

If I remember correctly, EPF is using daily balance rather than minimum monthly balance. Best is to ask EPF.

The dividend which is going to declare is only meant for contribution made in 2017 and together with existing balance.
Any contribution made after 31st December 2017 won't be take into 2017 dividend calculation.
Apart from that the way, EPF calculates dividend for your monthly contribution is different and precise.
Contribution made on January 2017 will be entitled for full year dividend rate.
Contribution made on February 2017 will be entitled for 11/12 of the full year dividend rate.
Contribution made on March 2017 will be entitled for 10/12 of the full year dividend rate.
So on and so forth.

Take note, the above dividend calculation is only meant for contribution.
For your existing balance as of January 1st, 2017, they're entitled for full year dividend rate.

Details: https://1-million-dollar-blog.com/how-to-ca...e-epf-dividend/

Hope this clears your worries and concerns about the contribution made this month (January 2018).



This post has been edited by David83: Jan 31 2018, 08:59 PM

Planning to ask tomorrow and will update here.
The self contribution has never failed before via Maybank. Always the funds have been in latest within 3 working days.

Yes. they're calculated using daily basis.

https://1-million-dollar-blog.com/how-to-ca...e-epf-dividend/

Yup my concern is not regarding the dividend that’s gonna be declared in the coming 1-2 weeks. It’s about whether I will be able to maximize full 11 months when the dividend rate is declared in 2019 for 2018 balances.
So are you saying if funds are in on 1/2 or 15/2 , I will be able to benefit for February based on the date I put in ? Or is it based on the minimum amount of the balance of that particular month ?

From the article in the link posted in the amended post:

This post has been edited by David83: Jan 31 2018, 09:03 PM

Spot on..

2.5% minimum is very easy to achieved.. Even didn't invest anywhere, just dump into FD also can get more than 2.5% 😎

Great if this is true. I do not make withdrawals at all. Good to know that I get daily interest irrespective of the day that I deposit the money into the account.
However , will still call up EPF tomorrow and confirm.
Thanks. 😀

Guys an update about my predicament yesterday. So , the self contribution amount could only be seen using the iPhone app but not via the EPF official website. Need to scroll down all the way and it will be visible there. So this means, my funds were in fact already in before 1/2.
Hope this clarifies.

Happy contributing!

EPF Contributors May Enjoy Dividend Rate Up to 7.5% in February 2018, says CEO of EPF

https://thecoverage.my/news/epf-contributor...8-says-ceo-epf/

Awesome news. All just because of .....