based on what I seen so far, those continue to work after 55, normally with pay cut, many got retrench before that.
check the company you working with, how many now age between 55-60?

i work for global fmcg mnc, malaysia entity has 0 headcount between 55-60.

Walao...

So counter staff all shake leg lorh 😋

Better use them on the street.... Do roadshow on EPF... At least some benefits

people must not rely on KWSP
for emergency money

i dont believe you guys dont have money outside EPF
saja saja put in Akaun 3 for liquidity is cari pasal

From 60k increase to 100k

Now some "people" want even higher contribution caps...

What weird world we living...

One side want to empty their EPF meanwhile another side want to increase their self contribution limits to higher level....

the next generation will waste it if they don't know how hard to "earn it"

Ya at least 6% dividend

you only need 2 mil by 40...

it takes 20 years to roughly double up your money just with existing dividends from epf alone. If self contribute, faster will reach there...

Damn! i am still a poorfaq!

Emm,... leave a substantial sum in EPF to justify future big-ticket expenses. There would be then good reasons to quote to the taxman why you are able to come out with cash to buy a car or a hse, etc,...

daily aggregated balance just mean take the balance at end of each day and sum them up.

now what is the modified. This is the part where EPF explained with statement "Contributions for a particular month will be eligible for dividend based on the last day of the contribution month until 31st December 2023" and the example in their website.


No mention about this "modified" feature affecting the other activities that can change the daily balance of your EPF account, which basically are only withdrawals.

Hence, withdrawal amount will earn accrued interest till the day of withdrawal, as on the day of withdrawal, one's balance will reduce.

All above is based on logic and assuming the words mean what they mean. And confirmed by the fact that my excel calculation matches the actual dividend payment down to cents. (I do withdraw my epf frequently for years)

Yesterday I took the time to manually calculate my dividend for the past 2 years and yes, the interest is given until the day of withdrawal.

Yearly 100k seems hard to max out, but for those with already a sizesble anount in epf, can plan this out especially during end of year:
Dec 2024 - deposit 100k
Jan 2025 - deposit 100k
Jan 2026 - deposit 100k

In 13/14 months you can put 300k in already. Also havent include dividend payouts.

Only makes sense if you have loads of cash and a sizeable epf I guess.

i know not everyone has crystal ball.... so what i know is EPF guarantees 2.5% dividend yearly right?

for our own financial planning, is it safe to assume that we can get around 5 or 5.5% dividend yearly?

what do you guys think will be a good retirement number to have in EPF account? 1.5mil? 1mil? 2mil?

can just use a low, realistic and safe withdrawal rate on pa basis on one's networth... for example, use 4% (this is the standard withdrawal rate by many who practices FIRE)... if one has 4 million, that means 160K per annum of spending.
That way, one just spend what one can afford based on one's actual networth of each year.
Personally, I prefer 2% as I am not old enough... if nothing else, back of envelop calc, my worth can last me 50 years... the inflation is already factored in if you think about it.

Ahhh the year of getting 4.25% only 😭

very possible...

my pure passive income now already exceeded my last gross monthly salary, and this is just the pure passive income. Then again, i only pulled the plug to early retire after i made sure my passive income exceeded my gross.

didn't even count the semi-passive income yet... which this year dwarf the passive income, thanking good luck.

Can we open a new thread under retirement planning? i dun want post here later kena delete and want find back cannot find lol.

I believe the spouse would have option to receive directly into their EPF account rather than cash out and then redeposit.

Mine 2nd hand knowledge, as my wife said the EPF officer asked her if she meant to keep the amount allocated to her in her EPF account on my late father-in-law's passing. Whether officer was referring to re-contribute or not, no idea as I was not there during that conversation.